HBT Financial, Inc. (NASDAQ:HBT) Shares Bought by Fmr LLC

Fmr LLC grew its position in HBT Financial, Inc. (NASDAQ:HBT) by 70.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,329 shares of the company’s stock after buying an additional 1,784 shares during the quarter. Fmr LLC’s holdings in HBT Financial were worth $95,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of HBT. Dimensional Fund Advisors LP lifted its holdings in HBT Financial by 6.9% during the 2nd 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 in the last quarter. American Century Companies Inc. boosted its holdings in 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. LSV Asset Management boosted its holdings in HBT Financial by 1,082.5% in the second quarter. LSV Asset Management now owns 113,808 shares of the company’s stock valued at $2,324,000 after purchasing an additional 104,184 shares during the period. Acadian Asset Management LLC grew its stake in HBT Financial by 19.0% during the 2nd quarter. Acadian Asset Management LLC now owns 95,606 shares of the company’s stock worth $1,949,000 after purchasing an additional 15,242 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in HBT Financial by 93.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 46,800 shares of the company’s stock valued at $1,024,000 after purchasing an additional 22,618 shares in the last quarter. Hedge funds and other institutional investors own 78.55% of the company’s stock.

Insider Buying and Selling

In other HBT Financial news, Chairman Fred L. Drake sold 2,500 shares of HBT Financial stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $24.11, for a total value of $60,275.00. Following the transaction, the chairman now directly owns 71,170 shares in the company, valued at approximately $1,715,908.70. The trade was a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 14,498 shares of company stock worth $351,985 in the last quarter. 59.80% of the stock is owned by insiders.

HBT Financial Stock Down 0.4 %

Shares of NASDAQ:HBT opened at $21.99 on Tuesday. The firm has a 50 day simple moving average of $23.18 and a 200-day simple moving average of $21.96. HBT Financial, Inc. has a twelve month low of $17.75 and a twelve month high of $25.35. 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 company has a market capitalization of $693.98 million, a PE ratio of 10.00 and a beta of 0.87.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings results on Monday, October 21st. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 24.68% and a return on equity of 14.70%. On average, equities analysts predict that HBT Financial, Inc. will post 2.33 EPS for the current fiscal year.

HBT Financial announced that its board has approved a stock buyback plan on Wednesday, December 18th that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

HBT Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.46%. HBT Financial’s dividend payout ratio (DPR) is presently 34.55%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HBT. Piper Sandler lowered their price objective 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. Keefe, Bruyette & Woods increased their price objective on shares of HBT Financial from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, DA Davidson cut shares of HBT Financial from a “buy” rating to a “neutral” rating and decreased their price objective 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 given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, HBT Financial currently has a consensus rating of “Hold” and an average price target of $24.40.

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.