HBT Financial (NASDAQ:HBT) Sees Large Volume Increase

HBT Financial, Inc. (NASDAQ:HBT) shares saw strong trading volume on Friday . 25,460 shares traded hands during mid-day trading, a decline of 9% from the previous session’s volume of 27,933 shares.The stock last traded at $23.28 and had previously closed at $23.55.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price target on HBT Financial from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. Piper Sandler increased their price target on HBT Financial from $21.50 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $27.00 price target (up from $25.00) on shares of HBT Financial in a report on Tuesday, July 23rd.

HBT Financial Trading Down 0.8 %

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The business’s 50-day simple moving average is $22.15 and its two-hundred day simple moving average is $20.20. The company has a market capitalization of $737.97 million, a PE ratio of 10.42 and a beta of 0.86.

HBT Financial (NASDAQ:HBT) last posted its quarterly earnings data on Monday, July 22nd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $72.43 million during the quarter, compared to analysts’ expectations of $56.82 million. HBT Financial had a net margin of 25.61% and a return on equity of 15.53%. During the same period in the prior year, the company posted $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 given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.76 annualized dividend and a dividend yield of 3.25%. HBT Financial’s payout ratio is 33.63%.

Insider Transactions at HBT Financial

In other news, Director Patrick F. Busch sold 11,555 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $24.09, for a total transaction of $278,359.95. Following the transaction, the director now owns 190,000 shares of the company’s stock, valued at $4,577,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 59.80% of the company’s stock.

Institutional Investors Weigh In On HBT Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. LSV Asset Management acquired a new stake in HBT Financial during the first quarter worth about $183,000. Hsbc Holdings PLC raised its stake in HBT Financial by 3.8% during the second 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. Renaissance Technologies LLC increased its stake in shares of HBT Financial by 109.9% in the second quarter. Renaissance Technologies LLC now owns 27,500 shares of the company’s stock valued at $562,000 after purchasing an additional 14,400 shares during the period. Acadian Asset Management LLC increased its stake in shares of HBT Financial by 19.0% in the second quarter. Acadian Asset Management LLC now owns 95,606 shares of the company’s stock valued at $1,949,000 after purchasing an additional 15,242 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of HBT Financial by 5.1% in the second quarter. American Century Companies Inc. now owns 119,698 shares of the company’s stock valued at $2,444,000 after purchasing an additional 5,859 shares during the period. Institutional investors and hedge funds own 78.55% of the company’s stock.

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.