Johnson Investment Counsel Inc. Acquires 1,008 Shares of HBT Financial, Inc. $HBT

Johnson Investment Counsel Inc. lifted its holdings in HBT Financial, Inc. (NASDAQ:HBT) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 99,108 shares of the company’s stock after purchasing an additional 1,008 shares during the period. Johnson Investment Counsel Inc.’s holdings in HBT Financial were worth $2,499,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in shares of HBT Financial by 42.4% in the 1st quarter. American Century Companies Inc. now owns 189,727 shares of the company’s stock worth $4,252,000 after purchasing an additional 56,521 shares during the period. Russell Investments Group Ltd. raised its stake in HBT Financial by 4.2% during the 1st quarter. Russell Investments Group Ltd. now owns 33,295 shares of the company’s stock worth $746,000 after acquiring an additional 1,335 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in HBT Financial by 12.3% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 278,159 shares of the company’s stock worth $6,234,000 after acquiring an additional 30,467 shares during the period. Rosenthal Henry Capital Advisors Inc. raised its stake in HBT Financial by 120.1% during the 1st quarter. Rosenthal Henry Capital Advisors Inc. now owns 93,536 shares of the company’s stock worth $2,096,000 after acquiring an additional 51,036 shares during the period. Finally, GAMMA Investing LLC raised its stake in HBT Financial by 4,457.6% during the 1st quarter. GAMMA Investing LLC now owns 2,689 shares of the company’s stock worth $600,000 after acquiring an additional 2,630 shares during the period. Institutional investors own 78.55% of the company’s stock.

HBT Financial Trading Up 1.2%

Shares of HBT opened at $23.72 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.82 and a quick ratio of 0.82. HBT Financial, Inc. has a 1 year low of $19.46 and a 1 year high of $27.02. The company has a 50 day simple moving average of $25.42 and a two-hundred day simple moving average of $24.54. The firm has a market cap of $747.18 million, a P/E ratio of 9.80 and a beta of 0.63.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings data on Monday, July 21st. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. HBT Financial had a net margin of 26.22% and a return on equity of 13.98%. The business had revenue of $58.80 million during the quarter, compared to analyst estimates of $59.45 million. During the same period last year, the firm posted $0.57 EPS. On average, equities analysts expect that HBT Financial, Inc. will post 2.34 earnings per share for the current fiscal year.

HBT Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, August 5th. HBT Financial’s dividend payout ratio (DPR) is 34.71%.

Analysts Set New Price Targets

HBT has been the topic of a number of recent analyst reports. Raymond James Financial cut shares of HBT Financial from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 7th. DA Davidson raised their target price on shares of HBT Financial from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Piper Sandler raised their target price on shares of HBT Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Keefe, Bruyette & Woods raised their target price on shares of HBT Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Finally, Zacks Research upgraded shares of HBT Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, HBT Financial currently has a consensus rating of “Hold” and an average price target of $28.80.

HBT Financial 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.