Vanguard Group Inc. Sells 16,041 Shares of HBT Financial, Inc. (NASDAQ:HBT)

Vanguard Group Inc. reduced its holdings in shares of HBT Financial, Inc. (NASDAQ:HBT - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 712,412 shares of the company's stock after selling 16,041 shares during the quarter. Vanguard Group Inc. owned 2.26% of HBT Financial worth $15,602,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HBT. Picton Mahoney Asset Management grew its holdings in 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. SG Americas Securities LLC grew its holdings in 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. Rhumbline Advisers grew its holdings in HBT Financial by 9.0% during the 4th quarter. Rhumbline Advisers now owns 20,758 shares of the company's stock worth $455,000 after acquiring an additional 1,711 shares during the last quarter. FMR LLC grew its holdings in HBT Financial by 70.1% during the 3rd quarter. FMR LLC now owns 4,329 shares of the company's stock worth $95,000 after acquiring an additional 1,784 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in HBT Financial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 309,110 shares of the company's stock worth $6,764,000 after acquiring an additional 1,989 shares during the last quarter. 78.55% of the stock is currently owned by institutional investors.

HBT Financial Stock Up 2.3 %

Shares of HBT Financial stock traded up $0.54 during trading on Wednesday, reaching $23.78. 1,945 shares of the company traded hands, compared to its average volume of 32,522. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.82. 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 moving average price of $23.10 and a 200-day moving average price of $23.02. The firm has a market capitalization of $752.19 million, a PE ratio of 10.52 and a beta of 0.62.

HBT Financial (NASDAQ:HBT - Get Free Report) last released its earnings results on Monday, April 21st. The company reported $0.61 earnings per share (EPS) 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 the consensus estimate of $57.57 million. During the same quarter in the previous year, the company earned $0.57 EPS. As a group, equities research analysts expect that HBT Financial, Inc. will post 2.34 earnings per share for the current fiscal year.

Insider Buying and Selling at HBT Financial

In other HBT Financial news, Director Patrick F. Busch sold 8,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $24.77, for a total value of $198,160.00. Following the transaction, the director now directly owns 182,000 shares of the company's stock, valued at approximately $4,508,140. This trade represents a 4.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Fred L. Drake sold 10,000 shares of the firm's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $24.38, for a total transaction of $243,800.00. Following the completion of the transaction, the chairman now directly owns 58,670 shares in the company, valued at $1,430,374.60. This trade represents a 14.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,900 shares of company stock valued at $969,500. Corporate insiders own 59.80% of the company's stock.

Analysts Set New Price Targets

HBT has been the topic of a number of analyst reports. Piper Sandler reduced their price objective 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 initiated coverage on shares of HBT Financial in a research note on Thursday, March 27th. They issued a "market perform" rating and a $24.50 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $24.75.

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.