HBT Financial, Inc. (NASDAQ:HBT) Shares Sold by Zacks Investment Management

Zacks Investment Management trimmed its position in HBT Financial, Inc. (NASDAQ:HBT) by 6.2% in the 4th quarter, HoldingsChannel reports. The firm owned 28,081 shares of the company’s stock after selling 1,870 shares during the quarter. Zacks Investment Management’s holdings in HBT Financial were worth $615,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in HBT Financial by 70.1% during the third quarter. FMR LLC now owns 4,329 shares of the company’s stock valued at $95,000 after purchasing an additional 1,784 shares during the period. 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. Barclays PLC lifted its holdings in shares of HBT Financial by 43.5% in the 3rd quarter. Barclays PLC now owns 57,000 shares of the company’s stock valued at $1,247,000 after buying an additional 17,266 shares during the period. Geode Capital Management LLC boosted its stake in shares of HBT Financial by 0.6% in the third quarter. Geode Capital Management LLC now owns 309,110 shares of the company’s stock worth $6,764,000 after buying an additional 1,989 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in HBT Financial by 62.0% during the third quarter. JPMorgan Chase & Co. now owns 23,427 shares of the company’s stock worth $513,000 after acquiring an additional 8,969 shares during the period. Institutional investors and hedge funds own 78.55% of the company’s stock.

Analysts Set New Price Targets

HBT has been the subject of a number of analyst reports. Hovde Group started coverage on HBT Financial in a report on Thursday, March 27th. They issued a “market perform” rating and a $24.50 price target for the company. Piper Sandler cut their target price on shares of HBT Financial from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $24.75.

HBT Financial Stock Performance

Shares of HBT stock opened at $21.99 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20. HBT Financial, Inc. has a 12-month low of $18.16 and a 12-month high of $26.25. The business’s 50 day moving average is $23.18 and its two-hundred day moving average is $23.00. The company has a market capitalization of $695.57 million, a P/E ratio of 9.73 and a beta of 0.62.

HBT Financial (NASDAQ:HBT) last announced its earnings results on Wednesday, January 22nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. HBT Financial had a return on equity of 14.57% and a net margin of 24.99%. Analysts expect that HBT Financial, Inc. will post 2.34 EPS for the current fiscal year.

HBT Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.82%. This is an increase from HBT Financial’s previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, February 4th. HBT Financial’s dividend payout ratio (DPR) is presently 37.17%.

Insider Activity

In other news, Chairman Fred L. Drake sold 10,000 shares of HBT Financial stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $24.38, for a total value of $243,800.00. Following the sale, the chairman now directly owns 58,670 shares of the company’s stock, valued at $1,430,374.60. The trade was a 14.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Patrick F. Busch sold 8,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $24.77, for a total value of $198,160.00. Following the completion of the transaction, the director now directly owns 182,000 shares of the company’s stock, valued at approximately $4,508,140. This represents a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,900 shares of company stock worth $969,500 over the last 90 days. 59.80% of the stock is currently owned by company insiders.

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.