Jane Street Group LLC Sells 783 Shares of HBT Financial, Inc. (NASDAQ:HBT)

Jane Street Group LLC lessened its stake in shares of HBT Financial, Inc. (NASDAQ:HBT) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,450 shares of the company’s stock after selling 783 shares during the quarter. Jane Street Group LLC’s holdings in HBT Financial were worth $251,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of HBT. Hsbc Holdings PLC raised its stake in HBT Financial by 3.8% in the 2nd 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 last quarter. FMR LLC raised its stake in shares of HBT Financial by 70.1% during the 3rd quarter. FMR LLC now owns 4,329 shares of the company’s stock valued at $95,000 after buying an additional 1,784 shares during the last quarter. State Street Corp raised its stake in shares of HBT Financial by 1.6% during the 3rd quarter. State Street Corp now owns 251,438 shares of the company’s stock valued at $5,501,000 after buying an additional 3,874 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of HBT Financial during the 3rd quarter valued at about $122,000. Finally, Martingale Asset Management L P increased its stake in shares of HBT Financial by 23.2% in the 3rd quarter. Martingale Asset Management L P now owns 29,725 shares of the company’s stock valued at $650,000 after purchasing an additional 5,600 shares in the last quarter. Institutional investors own 78.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HBT shares. DA Davidson lowered HBT Financial from a “buy” rating to a “neutral” rating and cut their price target for the company from $26.00 to $24.00 in a research note on Wednesday, September 25th. Piper Sandler lowered their price objective on HBT Financial from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on HBT Financial from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $24.40.

HBT Financial Stock Down 3.0 %

HBT stock opened at $20.76 on Friday. The firm has a market cap of $655.16 million, a PE ratio of 9.44 and a beta of 0.88. 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 firm’s 50 day moving average price is $23.09 and its 200-day moving average price is $22.23. HBT Financial, Inc. has a one year low of $17.75 and a one year high of $25.35.

HBT Financial (NASDAQ:HBT) last announced its earnings results on Monday, October 21st. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $56.44 million during the quarter, compared to analysts’ expectations 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 anticipate that HBT Financial, Inc. will post 2.33 EPS for the current year.

HBT Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Monday, November 4th. HBT Financial’s dividend payout ratio (DPR) is currently 34.55%.

HBT Financial announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 18th that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the company to buy up to 2.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Activity at HBT Financial

In other HBT Financial news, Chairman Fred L. Drake sold 4,798 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $23.92, for a total transaction of $114,768.16. Following the completion of the transaction, the chairman now owns 86,672 shares in the company, valued at $2,073,194.24. The trade was a 5.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders sold 14,498 shares of company stock worth $351,985. Corporate insiders own 59.80% of the company’s stock.

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.