HBT Financial, Inc. (NASDAQ:HBT) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its holdings in shares of HBT Financial, Inc. (NASDAQ:HBT - Free Report) by 72.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,477 shares of the company's stock after selling 32,900 shares during the period. Stifel Financial Corp's holdings in HBT Financial were worth $273,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management boosted its holdings in HBT Financial by 47.7% in the 4th quarter. Picton Mahoney Asset Management now owns 1,335 shares of the company's stock worth $29,000 after buying an additional 431 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in HBT Financial in the 4th quarter worth about $57,000. SG Americas Securities LLC raised its position in HBT Financial by 13.6% in the 4th 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. Wells Fargo & Company MN grew its stake in 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 acquiring an additional 1,638 shares in the last quarter. Finally, Sei Investments Co. bought a new position in HBT Financial in the 4th quarter worth about $242,000. 78.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HBT. Piper Sandler cut their price objective on shares of HBT Financial from $27.00 to $26.00 and set a "neutral" rating on the stock in a report 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 target price for the company in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $25.80.

HBT Financial Price Performance

Shares of HBT stock traded down $0.19 on Tuesday, reaching $24.25. 567 shares of the company were exchanged, compared to its average volume of 32,703. The company has a market cap of $763.75 million, a price-to-earnings ratio of 10.73 and a beta of 0.60. The business has a 50-day moving average price of $22.86 and a 200 day moving average price of $23.28. 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 1 year low of $18.16 and a 1 year high of $26.25.

HBT Financial (NASDAQ:HBT - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The company reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.04. The firm had revenue of $63.14 million for the quarter, compared to analyst estimates of $57.57 million. HBT Financial had a net margin of 24.99% and a return on equity of 14.57%. During the same period in the previous year, the business posted $0.57 earnings per share. Equities research analysts forecast that HBT Financial, Inc. will post 2.34 earnings per share for the current fiscal year.

HBT Financial Dividend Announcement

The company 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. The ex-dividend date was Tuesday, May 6th. This represents a $0.84 annualized dividend and a yield of 3.46%. HBT Financial's payout ratio is 35.29%.

About HBT Financial

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.