Hennion & Walsh Asset Management Inc. Takes $264,000 Position in HBT Financial, Inc. (NASDAQ:HBT)

Hennion & Walsh Asset Management Inc. purchased a new stake in shares of HBT Financial, Inc. (NASDAQ:HBT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,787 shares of the company's stock, valued at approximately $264,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in HBT. Dimensional Fund Advisors LP lifted its stake in shares of HBT Financial by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 461,630 shares of the company's stock worth $10,110,000 after purchasing an additional 29,200 shares during the last quarter. Royce & Associates LP grew its stake in HBT Financial by 10.7% in the fourth quarter. Royce & Associates LP now owns 332,753 shares of the company's stock valued at $7,287,000 after purchasing an additional 32,146 shares during the last quarter. LPL Financial LLC bought a new position in HBT Financial in the fourth quarter worth about $7,111,000. American Century Companies Inc. raised its holdings in HBT Financial by 11.0% in the fourth quarter. American Century Companies Inc. now owns 133,206 shares of the company's stock worth $2,917,000 after purchasing an additional 13,250 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of HBT Financial by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 105,353 shares of the company's stock valued at $2,307,000 after buying an additional 2,210 shares during the last quarter. 78.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Hovde Group raised shares of HBT Financial from a "market perform" rating to an "outperform" rating and set a $28.00 price objective on the stock in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, HBT Financial has a consensus rating of "Hold" and an average price target of $25.80.

HBT Financial Stock Up 1.7%

Shares of HBT Financial stock traded up $0.40 during trading on Tuesday, reaching $24.40. The company's stock had a trading volume of 25,819 shares, compared to its average volume of 33,028. HBT Financial, Inc. has a 1-year low of $18.16 and a 1-year high of $26.25. The company has a 50-day simple moving average of $23.13 and a two-hundred day simple moving average of $23.28. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. The company has a market cap of $768.48 million, a price-to-earnings ratio of 10.80 and a beta of 0.57.

HBT Financial (NASDAQ:HBT - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. HBT Financial had a return on equity of 14.57% and a net margin of 24.99%. The business had revenue of $63.14 million during the quarter, compared to the consensus estimate of $57.57 million. During the same quarter last year, the company earned $0.57 earnings per share. As a group, equities analysts forecast that HBT Financial, Inc. will post 2.34 earnings per share for the current year.

HBT Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend was Tuesday, May 6th. HBT Financial's dividend payout ratio (DPR) is presently 35.29%.

HBT Financial Company Profile

HBT Financial, Inc operates as the bank holding company for Heartland Bank and Trust Company that provides business, commercial, and retail banking products and services to individuals, businesses, and municipal entities in Central and Northeastern Illinois, and Eastern Iowa. The company's deposits accounts consist of noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, certificates of deposits, health savings accounts, and individual retirement accounts.