BNP Paribas Financial Markets Makes New Investment in HBT Financial, Inc. (NASDAQ:HBT)

BNP Paribas Financial Markets purchased a new stake in shares of HBT Financial, Inc. (NASDAQ:HBT) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 17,743 shares of the company’s stock, valued at approximately $389,000. BNP Paribas Financial Markets owned about 0.06% of HBT Financial as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of HBT. JPMorgan Chase & Co. lifted its stake in HBT Financial by 62.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,427 shares of the company’s stock valued at $513,000 after acquiring an additional 8,969 shares during the period. SG Americas Securities LLC raised its holdings in shares of HBT Financial by 13.6% during the fourth quarter. SG Americas Securities LLC now owns 6,309 shares of the company’s stock worth $138,000 after purchasing an additional 756 shares during the last quarter. Heartland Bank & Trust Co lifted its position in HBT Financial by 5.8% during the fourth quarter. Heartland Bank & Trust Co now owns 91,770 shares of the company’s stock valued at $2,010,000 after purchasing an additional 5,070 shares during the period. Rhumbline Advisers lifted its position in HBT Financial by 9.0% during the fourth quarter. Rhumbline Advisers now owns 20,758 shares of the company’s stock valued at $455,000 after purchasing an additional 1,711 shares during the period. Finally, Hickory Point Bank & Trust purchased a new stake in HBT Financial in the fourth quarter valued at $438,000. 78.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Hovde Group raised HBT Financial from a “market perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.80.

HBT Financial Trading Down 0.8%

HBT Financial stock opened at $23.67 on Monday. The firm has a market cap of $745.49 million, a PE ratio of 10.47 and a beta of 0.60. HBT Financial, Inc. has a 12 month low of $18.16 and a 12 month high of $26.25. The stock’s 50 day simple moving average is $22.93 and its two-hundred day simple moving average is $23.32. 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 (NASDAQ:HBT) last posted its earnings results on Monday, April 21st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. HBT Financial had a net margin of 24.99% and a return on equity of 14.57%. The firm had revenue of $63.14 million during the quarter, compared to analysts’ expectations of $57.57 million. During the same period in the previous year, the business posted $0.57 EPS. Analysts anticipate that HBT Financial, Inc. will post 2.34 earnings per share for the current year.

HBT Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were issued a $0.21 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.84 dividend on an annualized basis and a yield of 3.55%. HBT Financial’s payout ratio is 35.29%.

HBT Financial Company 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.