Nuveen LLC Takes $786,000 Position in HBT Financial, Inc. $HBT

Nuveen LLC purchased a new position in HBT Financial, Inc. (NASDAQ:HBT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 35,062 shares of the company's stock, valued at approximately $786,000. Nuveen LLC owned about 0.11% of HBT Financial at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in HBT Financial by 4,457.6% in the first quarter. GAMMA Investing LLC now owns 2,689 shares of the company's stock valued at $600,000 after purchasing an additional 2,630 shares during the period. Wells Fargo & Company MN grew 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 valued at $165,000 after buying an additional 1,638 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of HBT Financial during the 1st quarter worth $264,000. Bank of America Corp DE raised its position in shares of HBT Financial by 35.0% in the 4th quarter. Bank of America Corp DE now owns 15,615 shares of the company's stock worth $342,000 after buying an additional 4,048 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in HBT Financial in the fourth quarter valued at $389,000. Institutional investors and hedge funds own 78.55% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on HBT. Piper Sandler upped their price target on HBT Financial from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. DA Davidson increased their target price on shares of HBT Financial from $23.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Zacks Research upgraded shares of HBT Financial from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Raymond James Financial reiterated an "outperform" rating and set a $30.00 price objective (up from $24.00) on shares of HBT Financial in a research note on Tuesday, July 22nd. Finally, Keefe, Bruyette & Woods raised their price objective on HBT Financial from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $28.80.

HBT Financial Stock Down 1.1%

Shares of HBT Financial stock traded down $0.29 during trading on Friday, reaching $26.30. The company had a trading volume of 20,143 shares, compared to its average volume of 26,094. The company has a market cap of $828.45 million, a price-to-earnings ratio of 10.87 and a beta of 0.66. The firm's fifty day moving average is $25.80 and its 200-day moving average is $24.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 0.82. HBT Financial, Inc. has a fifty-two week low of $19.46 and a fifty-two week high of $27.02.

HBT Financial (NASDAQ:HBT - Get Free Report) last issued its earnings results on Monday, July 21st. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.03. HBT Financial had a net margin of 26.22% and a return on equity of 13.98%. The business had revenue of $58.80 million for the quarter, compared to analyst estimates of $59.45 million. During the same quarter in the prior year, the business posted $0.57 EPS. On average, analysts anticipate that HBT Financial, Inc. will post 2.34 EPS for the current year.

HBT Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were given a $0.21 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $0.84 annualized dividend and a yield of 3.2%. HBT Financial's dividend payout ratio (DPR) is currently 34.71%.

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.