Los Angeles Capital Management LLC Decreases Stake in HBT Financial, Inc. (NASDAQ:HBT)

Los Angeles Capital Management LLC lessened its holdings in shares of HBT Financial, Inc. (NASDAQ:HBT) by 10.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,837 shares of the company’s stock after selling 5,900 shares during the quarter. Los Angeles Capital Management LLC owned about 0.16% of HBT Financial worth $1,112,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Cetera Advisors LLC purchased a new position in HBT Financial in the 1st quarter valued at approximately $6,497,000. Rosenthal Henry Capital Advisors Inc. bought a new stake in shares of HBT Financial during the 3rd quarter valued at $930,000. 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 purchasing an additional 26,135 shares in the last quarter. LSV Asset Management boosted its stake in HBT Financial by 1,082.5% in the 2nd quarter. LSV Asset Management now owns 113,808 shares of the company’s stock worth $2,324,000 after purchasing an additional 104,184 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in HBT Financial by 3.8% during the 2nd quarter. Hsbc Holdings PLC now owns 14,605 shares of the company’s stock valued at $287,000 after buying an additional 541 shares in the last quarter. Hedge funds and other institutional investors own 78.55% of the company’s stock.

HBT Financial Stock Performance

HBT Financial stock opened at $24.38 on Friday. HBT Financial, Inc. has a fifty-two week low of $17.75 and a fifty-two week high of $25.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $769.41 million, a P/E ratio of 11.14 and a beta of 0.86. The firm’s fifty day moving average price is $22.17 and its 200-day moving average price is $21.11.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.61 earnings per share (EPS) 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 analyst estimates of $57.05 million. HBT Financial had a return on equity of 14.70% and a net margin of 24.68%. On average, equities research analysts expect that HBT Financial, Inc. will post 2.33 earnings per share for the current fiscal year.

HBT Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.12%. The ex-dividend date was Monday, November 4th. HBT Financial’s dividend payout ratio (DPR) is presently 34.55%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of HBT Financial from $21.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Piper Sandler reduced their price target on shares of HBT Financial from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. DA Davidson downgraded HBT Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $26.00 to $24.00 in a research report on Wednesday, September 25th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $27.00 target price (up from $25.00) on shares of HBT Financial in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average 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.