Los Angeles Capital Management LLC Sells 10,213 Shares of HBT Financial, Inc. (NASDAQ:HBT)

Los Angeles Capital Management LLC lessened its stake in shares of HBT Financial, Inc. (NASDAQ:HBT) by 15.3% during the second quarter, Holdings Channel.com reports. The fund owned 56,737 shares of the company’s stock after selling 10,213 shares during the period. Los Angeles Capital Management LLC’s holdings in HBT Financial were worth $1,159,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cetera Advisors LLC bought a new position in HBT Financial during the 1st quarter worth $6,497,000. Vanguard Group Inc. increased its stake in HBT Financial by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 626,575 shares of the company’s stock worth $11,930,000 after acquiring an additional 5,183 shares during the period. Finally, LSV Asset Management bought a new position in HBT Financial during the 1st quarter worth $183,000. Institutional investors own 78.55% of the company’s stock.

Wall Street Analysts Forecast Growth

HBT has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on HBT Financial from $21.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. Piper Sandler lifted their price target on HBT Financial from $21.50 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $27.00 price target (up previously from $25.00) on shares of HBT Financial in a research note on Tuesday, July 23rd.

Insider Activity at HBT Financial

In related news, Director Patrick F. Busch sold 11,555 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $24.09, for a total transaction of $278,359.95. Following the sale, the director now owns 190,000 shares of the company’s stock, valued at approximately $4,577,100. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 59.80% of the stock is currently owned by company insiders.

HBT Financial Trading Down 1.8 %

Shares of HBT opened at $21.38 on Thursday. HBT Financial, Inc. has a 52-week low of $17.42 and a 52-week high of $24.85. The business’s fifty day moving average is $21.86 and its 200-day moving average is $20.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $675.42 million, a price-to-earnings ratio of 9.46 and a beta of 0.86.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings data on Monday, July 22nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. HBT Financial had a return on equity of 15.53% and a net margin of 25.61%. The company had revenue of $72.43 million for the quarter, compared to the consensus estimate of $56.82 million. During the same quarter last year, the business posted $0.58 EPS. Equities analysts anticipate that HBT Financial, Inc. will post 2.3 EPS for the current fiscal year.

HBT Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Tuesday, August 6th. HBT Financial’s dividend payout ratio (DPR) is 33.63%.

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.