Dimensional Fund Advisors LP Has $8.30 Million Stock Position in HBT Financial, Inc. (NASDAQ:HBT)

Dimensional Fund Advisors LP raised its position in HBT Financial, Inc. (NASDAQ:HBT) by 6.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 406,456 shares of the company’s stock after acquiring an additional 26,135 shares during the period. Dimensional Fund Advisors LP owned about 1.29% of HBT Financial worth $8,298,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Cetera Advisors LLC acquired a new position in shares of HBT Financial in the 1st quarter worth approximately $6,497,000. LSV Asset Management raised its holdings in shares of HBT Financial by 1,082.5% in the 2nd quarter. LSV Asset Management now owns 113,808 shares of the company’s stock worth $2,324,000 after buying an additional 104,184 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of HBT Financial by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 626,575 shares of the company’s stock worth $11,930,000 after buying an additional 5,183 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of HBT Financial by 5.1% in the 2nd quarter. American Century Companies Inc. now owns 119,698 shares of the company’s stock worth $2,444,000 after buying an additional 5,859 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of HBT Financial by 19.0% in the 2nd quarter. Acadian Asset Management LLC now owns 95,606 shares of the company’s stock worth $1,949,000 after buying an additional 15,242 shares in the last quarter. Institutional investors and hedge funds own 78.55% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Piper Sandler increased their target price on HBT Financial from $21.50 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. DA Davidson lowered HBT Financial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $26.00 to $24.00 in a research report on Wednesday, September 25th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $27.00 price target (up from $25.00) on shares of HBT Financial in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. increased their price target on HBT Financial from $21.00 to $24.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, HBT Financial has a consensus rating of “Hold” and a consensus target price of $24.60.

Insider Activity

In other news, Director Patrick F. Busch sold 11,555 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $24.09, for a total value of $278,359.95. Following the transaction, the director now owns 190,000 shares of the company’s stock, valued at $4,577,100. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 59.80% of the stock is currently owned by company insiders.

HBT Financial Stock Down 0.5 %

Shares of HBT opened at $21.13 on Tuesday. The firm has a market capitalization of $667.52 million, a price-to-earnings ratio of 9.35 and a beta of 0.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. The business’s fifty day moving average price is $21.82 and its two-hundred day moving average price is $20.42. HBT Financial, Inc. has a 52 week low of $17.69 and a 52 week high of $24.85.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings data on Monday, July 22nd. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $72.43 million for the quarter, compared to analyst estimates of $56.82 million. HBT Financial had a return on equity of 15.53% and a net margin of 25.61%. During the same period last year, the company earned $0.58 EPS. On average, analysts predict that HBT Financial, Inc. will post 2.3 earnings per share for the current year.

HBT Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend was Tuesday, August 6th. HBT Financial’s dividend payout ratio (DPR) is currently 33.63%.

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.