HBT Financial, Inc. (NASDAQ:HBT) Stake Lifted by Millennium Management LLC

Millennium Management LLC boosted its stake in HBT Financial, Inc. (NASDAQ:HBT - Free Report) by 65.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,126 shares of the company's stock after acquiring an additional 17,130 shares during the period. Millennium Management LLC owned 0.14% of HBT Financial worth $944,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HBT. Picton Mahoney Asset Management lifted its stake 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 purchasing an additional 431 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of 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 purchasing an additional 756 shares during the period. Hsbc Holdings PLC lifted its position in shares of HBT Financial by 7.5% in the 4th quarter. Hsbc Holdings PLC now owns 17,848 shares of the company's stock worth $391,000 after buying an additional 1,244 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of HBT Financial by 27.8% in the 4th 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 during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of HBT Financial by 9.0% in the 4th quarter. Rhumbline Advisers now owns 20,758 shares of the company's stock valued at $455,000 after buying an additional 1,711 shares during the period. 78.55% of the stock is currently owned by institutional investors.

HBT Financial Stock Performance

NASDAQ HBT traded up $0.34 during trading hours on Friday, hitting $23.52. The company had a trading volume of 19,154 shares, compared to its average volume of 32,913. 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 firm has a market cap of $740.76 million, a P/E ratio of 10.41 and a beta of 0.60. HBT Financial, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $26.25. The business has a fifty day simple moving average of $23.08 and a 200-day simple moving average of $23.29.

HBT Financial (NASDAQ:HBT - Get Free Report) last released its quarterly 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 return on equity of 14.57% and a net margin of 24.99%. 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 posted $0.57 earnings per share. Equities analysts predict that HBT Financial, Inc. will post 2.34 EPS for the current year.

HBT Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.84 dividend on an annualized basis and a yield of 3.57%. HBT Financial's dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analyst Weigh In

Separately, Hovde Group upgraded 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 note on Tuesday, May 6th. One research 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's stock. According to MarketBeat.com, HBT Financial has an average rating of "Hold" and a consensus target price of $25.80.

HBT Financial 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.