Jacobs Levy Equity Management Inc. Reduces Stock Position in HBT Financial, Inc. (NASDAQ:HBT)

Jacobs Levy Equity Management Inc. lessened its holdings in shares of HBT Financial, Inc. (NASDAQ:HBT - Free Report) by 39.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,082 shares of the company's stock after selling 12,670 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.06% of HBT Financial worth $418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of HBT. Picton Mahoney Asset Management boosted its stake in shares of HBT Financial by 47.7% during the 4th quarter. Picton Mahoney Asset Management now owns 1,335 shares of the company's stock worth $29,000 after acquiring an additional 431 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of HBT Financial during the 4th quarter worth $57,000. SG Americas Securities LLC boosted its stake in shares of HBT Financial by 13.6% during the 4th quarter. SG Americas Securities LLC now owns 6,309 shares of the company's stock worth $138,000 after acquiring an additional 756 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of HBT Financial by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 7,522 shares of the company's stock worth $165,000 after acquiring an additional 1,638 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in shares of HBT Financial during the 4th quarter worth $242,000. Hedge funds and other institutional investors own 78.55% of the company's stock.

HBT Financial Stock Down 0.5%

HBT opened at $24.30 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82. HBT Financial, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $26.25. The firm's fifty day moving average is $22.83 and its 200 day moving average is $23.25. The stock has a market cap of $765.33 million, a price-to-earnings ratio of 10.75 and a beta of 0.60.

HBT Financial (NASDAQ:HBT - Get Free Report) last released 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. HBT Financial had a net margin of 24.99% and a return on equity of 14.57%. The company had revenue of $63.14 million for the quarter, compared to analysts' expectations of $57.57 million. During the same quarter in the previous year, the company earned $0.57 EPS. On average, sell-side analysts forecast that HBT Financial, Inc. will post 2.34 earnings per share for the current fiscal year.

HBT Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were issued a $0.21 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.84 dividend on an annualized basis and a yield of 3.46%. HBT Financial's dividend payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HBT. Piper Sandler dropped their price target on shares of HBT Financial from $27.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Hovde Group upgraded shares of HBT Financial from a "market perform" rating to an "outperform" rating and set a $28.00 price target on the stock in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, HBT Financial has a consensus rating of "Hold" and a consensus target price of $25.80.

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.

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