UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in HBT Financial, Inc. (NASDAQ:HBT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in HBT Financial, Inc. (NASDAQ:HBT) by 32.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,983 shares of the company’s stock after selling 5,289 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in HBT Financial were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of HBT. Picton Mahoney Asset Management grew its stake in HBT Financial by 47.7% during the 4th quarter. Picton Mahoney Asset Management now owns 1,335 shares of the company’s stock valued at $29,000 after purchasing an additional 431 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of HBT Financial during the fourth quarter worth about $57,000. Wells Fargo & Company MN lifted its holdings in shares of HBT Financial by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 7,522 shares of the company’s stock worth $165,000 after purchasing an additional 1,638 shares during the period. Sei Investments Co. purchased a new stake in HBT Financial in the fourth quarter valued at approximately $242,000. Finally, Bank of America Corp DE increased its holdings in HBT Financial by 35.0% in the 4th quarter. Bank of America Corp DE now owns 15,615 shares of the company’s stock worth $342,000 after buying an additional 4,048 shares during the period. Hedge funds and other institutional investors own 78.55% of the company’s stock.

HBT Financial Stock Performance

NASDAQ HBT opened at $24.14 on Friday. The firm has a market capitalization of $760.29 million, a P/E ratio of 10.68 and a beta of 0.57. The stock has a 50-day simple moving average of $23.33 and a two-hundred day simple moving average of $23.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82. HBT Financial, Inc. has a fifty-two week low of $18.56 and a fifty-two week high of $26.25.

HBT Financial (NASDAQ:HBT) last posted its earnings results on Monday, April 21st. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. HBT Financial had a return on equity of 14.57% and a net margin of 24.99%. The firm had revenue of $63.14 million for the quarter, compared to analyst estimates of $57.57 million. During the same period last year, the company earned $0.57 earnings per share. On average, equities analysts forecast that HBT Financial, Inc. will post 2.34 earnings per share for the current year.

HBT Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Tuesday, May 6th. HBT Financial’s dividend payout ratio (DPR) is 35.29%.

Wall Street Analysts Forecast Growth

Separately, Hovde Group upgraded shares of HBT Financial from a “market perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $25.80.

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.