HBT Financial (NASDAQ:HBT) Short Interest Update

HBT Financial (NASDAQ:HBT) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 185,400 shares, a drop of 28.8% from the January 15th total of 260,300 shares. Based on an average daily volume of 120,800 shares, the days-to-cover ratio is presently 1.5 days. Currently, 2.0% of the company’s shares are sold short.

NASDAQ HBT traded down $0.28 during trading on Friday, reaching $18.22. 41,551 shares of the company’s stock traded hands, compared to its average volume of 59,607. HBT Financial has a 12-month low of $15.27 and a 12-month high of $20.71. The stock has a market cap of $509.38 million and a price-to-earnings ratio of 5.31. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50 day simple moving average of $18.92.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. The firm had revenue of $42.61 million during the quarter, compared to the consensus estimate of $40.73 million. As a group, analysts predict that HBT Financial will post 1.81 earnings per share for the current year.

The company also recently declared a Not Available dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 7th. HBT Financial’s dividend payout ratio is currently 17.49%.

Several brokerages have recently issued reports on HBT. Keefe, Bruyette & Woods assumed coverage on shares of HBT Financial in a research note on Tuesday, November 5th. They issued an “outperform” rating and a $21.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of HBT Financial in a research note on Tuesday, November 5th. They issued a “neutral” rating and a $17.00 price objective for the company. Raymond James assumed coverage on shares of HBT Financial in a research report on Tuesday, November 5th. They set an “outperform” rating and a $18.00 target price for the company. Finally, Zacks Investment Research lowered shares of HBT Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th.

In other news, Director Gerald E. Pfeiffer acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $17.26 per share, for a total transaction of $34,520.00.

Several large investors have recently added to or reduced their stakes in the company. Citigroup Inc. acquired a new stake in HBT Financial in the 4th quarter worth approximately $35,000. Meeder Asset Management Inc. acquired a new stake in HBT Financial during the 4th quarter valued at approximately $45,000. Royce & Associates LP acquired a new stake in HBT Financial during the 4th quarter valued at approximately $57,000. Bank of America Corp DE acquired a new stake in HBT Financial during the 4th quarter valued at approximately $60,000. Finally, American International Group Inc. acquired a new stake in HBT Financial during the 4th quarter valued at approximately $108,000. Institutional investors and hedge funds own 0.01% of the company’s stock.

HBT Financial Company Profile

HBT Financial, Inc operates as the bank holding company for Heartland Bank and Lincoln Bank that provides business, commercial, and retail banking products and services to businesses, families, and local governments throughout Central and Northeastern Illinois. The company offers checking, saving, and retirement accounts, as well as demand and time deposits.

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