HBT Financial (NASDAQ:HBT) Shares Down 5.6%

HBT Financial, Inc. (NASDAQ:HBT) fell 5.6% during mid-day trading on Wednesday . The stock traded as low as $21.70 and last traded at $21.70. 17,197 shares were traded during mid-day trading, a decline of 40% from the average session volume of 28,426 shares. The stock had previously closed at $22.98.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Piper Sandler increased their price target on HBT Financial from $21.50 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. DA Davidson lowered HBT Financial from a “buy” rating to a “neutral” rating and decreased their target price for the company from $26.00 to $24.00 in a research report on Wednesday. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $27.00 price target (up from $25.00) on shares of HBT Financial in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.60.

HBT Financial Stock Up 0.6 %

The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82. The company has a fifty day moving average price of $22.12 and a 200 day moving average price of $20.31. The company has a market cap of $683.31 million, a PE ratio of 9.57 and a beta of 0.86.

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

HBT Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.76 annualized dividend and a dividend yield of 3.51%. HBT Financial’s payout ratio is presently 33.63%.

Insider Activity at HBT Financial

In other news, Director Patrick F. Busch sold 11,555 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were 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 in the company, valued at $4,577,100. The transaction was disclosed in a filing with the SEC, which is available at this link. 59.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC grew its holdings in shares of HBT Financial by 3.8% in the second 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 period. Renaissance Technologies LLC boosted its position in HBT Financial by 109.9% in the second quarter. Renaissance Technologies LLC now owns 27,500 shares of the company’s stock worth $562,000 after purchasing an additional 14,400 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in HBT Financial by 6.9% in the second 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 during the last quarter. American Century Companies Inc. grew its stake 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 valued at $2,444,000 after purchasing an additional 5,859 shares during the period. Finally, LSV Asset Management increased its position in shares of HBT Financial by 1,082.5% during the 2nd quarter. LSV Asset Management now owns 113,808 shares of the company’s stock valued at $2,324,000 after purchasing an additional 104,184 shares during the last quarter. 78.55% of the stock is owned by hedge funds and other institutional investors.

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.