SG Americas Securities LLC Invests $122,000 in HBT Financial, Inc. (NASDAQ:HBT)

SG Americas Securities LLC purchased a new position in shares of HBT Financial, Inc. (NASDAQ:HBT) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,553 shares of the company’s stock, valued at approximately $122,000.

A number of other institutional investors also recently modified their holdings of HBT. LSV Asset Management acquired a new position in shares of HBT Financial during the 1st quarter worth $183,000. Hsbc Holdings PLC raised its holdings 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 buying an additional 541 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of HBT Financial by 109.9% during the 2nd quarter. Renaissance Technologies LLC now owns 27,500 shares of the company’s stock worth $562,000 after buying an additional 14,400 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of 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 buying an additional 15,242 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of HBT Financial by 5.1% during the 2nd quarter. American Century Companies Inc. now owns 119,698 shares of the company’s stock worth $2,444,000 after buying an additional 5,859 shares in the last quarter. Institutional investors and hedge funds own 78.55% of the company’s stock.

Analyst Upgrades and Downgrades

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

HBT Financial Price Performance

Shares of HBT opened at $21.29 on Friday. HBT Financial, Inc. has a 12-month low of $17.74 and a 12-month high of $24.85. The business has a 50-day simple moving average of $21.97 and a two-hundred day simple moving average of $20.72. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.21. The stock has a market cap of $671.91 million, a PE ratio of 9.68 and a beta of 0.86.

HBT Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th will be paid a $0.19 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.76 annualized dividend and a dividend yield of 3.57%. HBT Financial’s payout ratio is 34.55%.

HBT Financial Company 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.