LSV Asset Management Invests $183,000 in HBT Financial, Inc. (NASDAQ:HBT)

LSV Asset Management acquired a new position in shares of HBT Financial, Inc. (NASDAQ:HBT) during the 1st quarter, Holdings Channel.com reports. The fund acquired 9,624 shares of the company’s stock, valued at approximately $183,000.

Other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in shares of HBT Financial by 70.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock worth $54,000 after buying an additional 1,062 shares during the period. SG Americas Securities LLC lifted its position in shares of HBT Financial by 36.6% during the 4th quarter. SG Americas Securities LLC now owns 9,029 shares of the company’s stock worth $191,000 after buying an additional 2,418 shares during the period. Meredith Wealth Planning bought a new position in shares of HBT Financial during the 4th quarter worth approximately $203,000. Assenagon Asset Management S.A. bought a new position in shares of HBT Financial during the 4th quarter worth approximately $1,010,000. Finally, Los Angeles Capital Management LLC lifted its position in shares of HBT Financial by 40.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock worth $1,420,000 after buying an additional 19,440 shares during the period. Institutional investors and hedge funds own 78.55% of the company’s stock.

HBT Financial Trading Up 1.1 %

Shares of HBT opened at $21.54 on Monday. The stock has a fifty day moving average price of $19.46 and a two-hundred day moving average price of $19.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. HBT Financial, Inc. has a 52-week low of $17.42 and a 52-week high of $21.87. The company has a market cap of $680.45 million, a price-to-earnings ratio of 9.53 and a beta of 0.87.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings data on Monday, April 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. HBT Financial had a return on equity of 16.14% and a net margin of 26.29%. The firm had revenue of $52.31 million during the quarter, compared to the consensus estimate of $56.29 million. Analysts predict that HBT Financial, Inc. will post 2.27 EPS for the current fiscal year.

HBT Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th were given a dividend of $0.19 per share. The ex-dividend date was Monday, May 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.53%. HBT Financial’s payout ratio is currently 33.63%.

Insider Transactions at HBT Financial

In other news, Director Eric E. Burwell bought 6,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was bought at an average price of $18.99 per share, for a total transaction of $113,940.00. Following the completion of the transaction, the director now directly owns 31,820 shares in the company, valued at approximately $604,261.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 59.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on HBT. Piper Sandler raised their target price on HBT Financial from $21.00 to $21.50 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Raymond James upgraded HBT Financial from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research report on Friday, May 10th. Finally, JPMorgan Chase & Co. cut their target price on HBT Financial from $22.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, June 27th.

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.