HBT Financial, Inc. (NASDAQ:HBT) Stock Holdings Increased by Barclays PLC

Barclays PLC increased its stake in shares of HBT Financial, Inc. (NASDAQ:HBT) by 43.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,000 shares of the company’s stock after purchasing an additional 17,266 shares during the quarter. Barclays PLC owned approximately 0.18% of HBT Financial worth $1,247,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Rosenthal Henry Capital Advisors Inc. acquired a new position in HBT Financial in the 3rd quarter worth about $930,000. Dimensional Fund Advisors LP increased its holdings in HBT Financial by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 406,456 shares of the company’s stock worth $8,298,000 after buying an additional 26,135 shares during the last quarter. FMR LLC raised its position in HBT Financial by 70.1% during the third quarter. FMR LLC now owns 4,329 shares of the company’s stock valued at $95,000 after acquiring an additional 1,784 shares in the last quarter. LSV Asset Management grew its position in HBT Financial by 1,082.5% in the second quarter. LSV Asset Management now owns 113,808 shares of the company’s stock worth $2,324,000 after acquiring an additional 104,184 shares in the last quarter. Finally, State Street Corp increased its stake in shares of HBT Financial by 1.6% during the 3rd quarter. State Street Corp now owns 251,438 shares of the company’s stock worth $5,501,000 after purchasing an additional 3,874 shares during the last quarter. 78.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman Fred L. Drake sold 4,798 shares of HBT Financial stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $23.92, for a total transaction of $114,768.16. Following the completion of the sale, the chairman now directly owns 86,672 shares of the company’s stock, valued at $2,073,194.24. The trade was a 5.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 14,498 shares of company stock worth $351,985 in the last quarter. Insiders own 59.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HBT shares. Piper Sandler reduced their price target on HBT Financial from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. DA Davidson downgraded HBT Financial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $26.00 to $24.00 in a research note on Wednesday, September 25th. Finally, Keefe, Bruyette & Woods upped their target price on HBT Financial from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $24.40.

HBT Financial Stock Down 2.1 %

HBT opened at $21.68 on Monday. HBT Financial, Inc. has a twelve month low of $17.75 and a twelve month high of $25.35. The firm has a market cap of $684.20 million, a price-to-earnings ratio of 9.85 and a beta of 0.87. The firm’s 50-day simple moving average is $23.11 and its 200-day simple moving average is $22.07. 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 (NASDAQ:HBT) last released its quarterly earnings results on Monday, October 21st. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. HBT Financial had a return on equity of 14.70% and a net margin of 24.68%. The business had revenue of $56.44 million for the quarter, compared to analyst estimates of $57.05 million. Equities research analysts anticipate that HBT Financial, Inc. will post 2.33 EPS for the current fiscal year.

HBT Financial declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 18th that permits the company to buyback $15.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

HBT Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Monday, November 4th. HBT Financial’s dividend payout ratio is currently 34.55%.

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.