The Manufacturers Life Insurance Company Cuts Stock Position in HBT Financial, Inc. (NASDAQ:HBT)

The Manufacturers Life Insurance Company lowered its stake in HBT Financial, Inc. (NASDAQ:HBTFree Report) by 28.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 576,429 shares of the company’s stock after selling 229,627 shares during the period. The Manufacturers Life Insurance Company owned 1.82% of HBT Financial worth $12,168,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Los Angeles Capital Management LLC lifted its position in HBT Financial by 40.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock valued at $1,420,000 after acquiring an additional 19,440 shares in the last quarter. Meredith Wealth Planning bought a new position in HBT Financial in the 4th quarter valued at approximately $203,000. Assenagon Asset Management S.A. bought a new position in HBT Financial in the 4th quarter valued at approximately $1,010,000. Finally, SG Americas Securities LLC lifted its position in HBT Financial by 36.6% in the 4th quarter. SG Americas Securities LLC now owns 9,029 shares of the company’s stock valued at $191,000 after acquiring an additional 2,418 shares in the last quarter. Hedge funds and other institutional investors own 78.55% of the company’s stock.

HBT Financial Price Performance

NASDAQ HBT opened at $18.87 on Tuesday. The business’s fifty day moving average price is $19.04 and its 200-day moving average price is $19.50. The stock has a market capitalization of $596.10 million, a price-to-earnings ratio of 8.35 and a beta of 0.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82. HBT Financial, Inc. has a 1-year low of $17.42 and a 1-year high of $21.87.

HBT Financial (NASDAQ:HBTGet Free Report) last released its quarterly earnings results on Monday, April 22nd. The company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $52.31 million for the quarter, compared to analysts’ expectations of $56.29 million. HBT Financial had a return on equity of 16.14% and a net margin of 26.29%. On average, equities analysts predict that HBT Financial, Inc. will post 2.26 earnings per share for the current year.

HBT Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th were issued a dividend of $0.19 per share. The ex-dividend date was Monday, May 6th. This represents a $0.76 annualized dividend and a dividend yield of 4.03%. HBT Financial’s payout ratio is 33.63%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HBT shares. Raymond James raised HBT Financial from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a research report on Friday, May 10th. JPMorgan Chase & Co. upped their price objective on HBT Financial from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, April 23rd. Finally, Piper Sandler upped their price objective on HBT Financial from $21.00 to $21.50 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd.

Check Out Our Latest Research Report on HBT

About HBT Financial

(Free Report)

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.

See Also

Institutional Ownership by Quarter for HBT Financial (NASDAQ:HBT)

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