GSA Capital Partners LLP Buys New Position in HBT Financial, Inc. (NASDAQ:HBT)

GSA Capital Partners LLP bought a new stake in HBT Financial, Inc. (NASDAQ:HBT) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,457 shares of the company’s stock, valued at approximately $251,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of HBT Financial during the 3rd quarter worth approximately $122,000. Hsbc Holdings PLC increased its position in shares of HBT Financial by 3.8% during the 2nd quarter. Hsbc Holdings PLC now owns 14,605 shares of the company’s stock worth $287,000 after purchasing an additional 541 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of HBT Financial by 109.9% during the 2nd quarter. Renaissance Technologies LLC now owns 27,500 shares of the company’s stock worth $562,000 after purchasing an additional 14,400 shares during the last quarter. Rosenthal Henry Capital Advisors Inc. acquired a new position in shares of HBT Financial during the 3rd quarter worth approximately $930,000. Finally, Assenagon Asset Management S.A. increased its position in shares of HBT Financial by 93.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 46,800 shares of the company’s stock worth $1,024,000 after purchasing an additional 22,618 shares during the last quarter. Institutional investors and hedge funds own 78.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HBT shares. Piper Sandler lowered their price target on HBT Financial from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. DA Davidson lowered HBT Financial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $26.00 to $24.00 in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $24.40.

HBT Financial Stock Up 1.8 %

HBT stock opened at $24.30 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $766.91 million, a PE ratio of 11.05 and a beta of 0.86. HBT Financial, Inc. has a 1-year low of $17.75 and a 1-year high of $25.35. The business’s 50 day simple moving average is $22.51 and its 200 day simple moving average is $21.36.

HBT Financial (NASDAQ:HBT) last posted its earnings results on Monday, October 21st. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $56.44 million for the quarter, compared to analyst estimates of $57.05 million. HBT Financial had a return on equity of 14.70% and a net margin of 24.68%. As a group, research analysts anticipate that HBT Financial, Inc. will post 2.33 EPS for the current year.

HBT Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were paid a $0.19 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.76 annualized dividend and a yield of 3.13%. HBT Financial’s dividend payout ratio (DPR) is presently 34.55%.

Insider Activity at HBT Financial

In related news, Chairman Fred L. Drake sold 4,798 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $23.92, for a total value of $114,768.16. Following the completion of the sale, the chairman now directly owns 86,672 shares in the company, valued at $2,073,194.24. The trade was a 5.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 59.80% of the stock is currently owned by corporate insiders.

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.