Hennion & Walsh Asset Management Inc. bought a new stake in HBT Financial, Inc. (NASDAQ:HBT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,787 shares of the company's stock, valued at approximately $264,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management grew its position in HBT Financial by 47.7% during the fourth quarter. Picton Mahoney Asset Management now owns 1,335 shares of the company's stock worth $29,000 after buying an additional 431 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in HBT Financial during the fourth quarter worth approximately $57,000. GAMMA Investing LLC grew its position in HBT Financial by 4,457.6% during the first quarter. GAMMA Investing LLC now owns 2,689 shares of the company's stock worth $600,000 after buying an additional 2,630 shares in the last quarter. SG Americas Securities LLC grew its position in HBT Financial by 13.6% during the fourth quarter. SG Americas Securities LLC now owns 6,309 shares of the company's stock worth $138,000 after buying an additional 756 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in HBT Financial by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 7,522 shares of the company's stock worth $165,000 after buying an additional 1,638 shares in the last quarter. Institutional investors and hedge funds own 78.55% of the company's stock.
Wall Street Analyst Weigh In
Separately, Hovde Group raised HBT Financial from a "market perform" rating to an "outperform" rating and set a $28.00 price target on the stock in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, HBT Financial presently has an average rating of "Hold" and a consensus target price of $25.80.
View Our Latest Analysis on HBT
HBT Financial Price Performance
Shares of HBT stock traded down $0.71 during trading hours on Friday, reaching $23.43. The company's stock had a trading volume of 35,885 shares, compared to its average volume of 33,291. The firm's 50 day simple moving average is $23.33 and its 200-day simple moving average is $23.29. The company has a market capitalization of $737.93 million, a price-to-earnings ratio of 10.37 and a beta of 0.57. HBT Financial, Inc. has a fifty-two week low of $18.56 and a fifty-two week high of $26.25. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20.
HBT Financial (NASDAQ:HBT - Get Free Report) last issued its earnings results on Monday, April 21st. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.04. The firm had revenue of $63.14 million for the quarter, compared to the consensus estimate of $57.57 million. HBT Financial had a return on equity of 14.57% and a net margin of 24.99%. During the same quarter last year, the business posted $0.57 EPS. Sell-side analysts forecast that HBT Financial, Inc. will post 2.34 earnings per share for the current year.
HBT Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Tuesday, May 6th. HBT Financial's dividend payout ratio is presently 35.29%.
HBT Financial Profile
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Free Report)
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.
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