Jane Street Group LLC Has $251,000 Stake in HBT Financial, Inc. (NASDAQ:HBT)

Jane Street Group LLC trimmed its position in shares of HBT Financial, Inc. (NASDAQ:HBT) by 6.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,450 shares of the company’s stock after selling 783 shares during the quarter. Jane Street Group LLC’s holdings in HBT Financial were worth $251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its stake in HBT Financial by 70.1% in the 3rd quarter. FMR LLC now owns 4,329 shares of the company’s stock valued at $95,000 after purchasing an additional 1,784 shares during the period. SG Americas Securities LLC bought a new position in shares of HBT Financial during the 3rd quarter worth $122,000. GSA Capital Partners LLP bought a new position in shares of HBT Financial during the 3rd quarter worth $251,000. Hsbc Holdings PLC grew its stake 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 acquiring an additional 541 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of HBT Financial during the 3rd quarter worth $295,000. 78.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at HBT Financial

In other news, Chairman Fred L. Drake sold 4,798 shares of the company’s stock in a transaction dated 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 transaction, the chairman now owns 86,672 shares of the company’s stock, valued at $2,073,194.24. This represents a 5.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 14,498 shares of company stock valued at $351,985. Company insiders own 59.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Piper Sandler cut their target price on HBT Financial from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their price target on HBT Financial from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, DA Davidson cut HBT Financial from a “buy” rating to a “neutral” rating and lowered their price target for the company from $26.00 to $24.00 in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given 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 $24.40.

HBT Financial Stock Down 3.0 %

HBT stock opened at $20.76 on Friday. HBT Financial, Inc. has a 1-year low of $17.75 and a 1-year high of $25.35. The business has a fifty day moving average price of $23.09 and a 200-day moving average price of $22.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $655.16 million, a P/E ratio of 9.44 and a beta of 0.88.

HBT Financial (NASDAQ:HBT) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $56.44 million during the quarter, compared to analysts’ expectations of $57.05 million. HBT Financial had a return on equity of 14.70% and a net margin of 24.68%. Equities analysts forecast that HBT Financial, Inc. will post 2.33 earnings per share for the current fiscal year.

HBT Financial declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 18th that permits the company to buyback $15.00 million in shares. This buyback authorization permits the company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

HBT Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.66%. The ex-dividend date was Monday, November 4th. HBT Financial’s dividend payout ratio is presently 34.55%.

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.