Assenagon Asset Management S.A. Grows Position in HBT Financial, Inc. (NASDAQ:HBT)

Assenagon Asset Management S.A. boosted its stake in shares of HBT Financial, Inc. (NASDAQ:HBT) by 93.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,800 shares of the company’s stock after purchasing an additional 22,618 shares during the period. Assenagon Asset Management S.A. owned approximately 0.15% of HBT Financial worth $1,024,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HBT. Cetera Advisors LLC purchased a new stake in HBT Financial during the 1st quarter worth approximately $6,497,000. LSV Asset Management boosted its holdings in shares of HBT Financial by 1,082.5% in the 2nd quarter. LSV Asset Management now owns 113,808 shares of the company’s stock valued at $2,324,000 after acquiring an additional 104,184 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of HBT Financial by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 406,456 shares of the company’s stock valued at $8,298,000 after acquiring an additional 26,135 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of HBT Financial by 19.0% in the 2nd quarter. Acadian Asset Management LLC now owns 95,606 shares of the company’s stock valued at $1,949,000 after acquiring an additional 15,242 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of HBT Financial by 109.9% in the 2nd quarter. Renaissance Technologies LLC now owns 27,500 shares of the company’s stock valued at $562,000 after acquiring an additional 14,400 shares during the last quarter. Hedge funds and other institutional investors own 78.55% of the company’s stock.

HBT Financial Price Performance

HBT Financial stock opened at $21.45 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. HBT Financial, Inc. has a 52-week low of $17.75 and a 52-week high of $24.85. The company has a fifty day simple moving average of $21.96 and a 200-day simple moving average of $20.83. The firm has a market capitalization of $676.96 million, a price-to-earnings ratio of 9.75 and a beta of 0.86.

HBT Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.54%. The ex-dividend date is Monday, November 4th. HBT Financial’s dividend payout ratio (DPR) is presently 34.55%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of HBT Financial from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. DA Davidson cut shares of HBT Financial from a “buy” rating to a “neutral” rating and decreased their target price for the company from $26.00 to $24.00 in a research note on Wednesday, September 25th. Piper Sandler decreased their target price on shares of HBT Financial from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $27.00 target price (up from $25.00) on shares of HBT Financial in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $24.40.

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.