HBT Financial, Inc. (NASDAQ:HBT) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its stake in HBT Financial, Inc. (NASDAQ:HBT) by 27.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,522 shares of the company’s stock after purchasing an additional 1,638 shares during the quarter. Wells Fargo & Company MN’s holdings in HBT Financial were worth $165,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HBT. Picton Mahoney Asset Management raised its holdings in shares of HBT Financial by 47.7% in the fourth quarter. Picton Mahoney Asset Management now owns 1,335 shares of the company’s stock worth $29,000 after buying an additional 431 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in HBT Financial in the 4th quarter worth $57,000. SG Americas Securities LLC lifted its position in HBT Financial by 13.6% during the 4th quarter. SG Americas Securities LLC now owns 6,309 shares of the company’s stock worth $138,000 after acquiring an additional 756 shares during the period. Sei Investments Co. purchased a new stake in HBT Financial during the 4th quarter valued at about $242,000. Finally, Trexquant Investment LP acquired a new position in shares of HBT Financial in the fourth quarter valued at about $366,000. 78.55% of the stock is currently owned by institutional investors and hedge funds.

HBT Financial Stock Performance

Shares of HBT Financial stock opened at $23.55 on Friday. The stock has a market capitalization of $741.71 million, a price-to-earnings ratio of 10.42 and a beta of 0.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50-day moving average of $22.73 and a 200 day moving average of $23.15. HBT Financial, Inc. has a 12 month low of $18.16 and a 12 month high of $26.25.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings data on Monday, April 21st. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. HBT Financial had a return on equity of 14.57% and a net margin of 24.99%. The business had revenue of $63.14 million during the quarter, compared to the consensus estimate of $57.57 million. During the same period in the previous year, the company posted $0.57 earnings per share. As a group, sell-side analysts forecast that HBT Financial, Inc. will post 2.34 earnings per share for the current year.

HBT Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.84 annualized dividend and a yield of 3.57%. HBT Financial’s dividend payout ratio is currently 35.29%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Piper Sandler decreased their target price on HBT Financial from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Hovde Group raised shares of HBT Financial from a “market perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, HBT Financial currently has a consensus rating of “Hold” and a consensus price target of $25.33.

Insiders Place Their Bets

In other news, Chairman Fred L. Drake sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $25.15, for a total value of $251,500.00. Following the completion of the sale, the chairman now directly owns 22,825 shares of the company’s stock, valued at approximately $574,048.75. This represents a 30.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 59.70% of the stock is owned by corporate 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.