HBT Financial, Inc. (NASDAQ:HBT) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its holdings in HBT Financial, Inc. (NASDAQ:HBT) by 15.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,118 shares of the company’s stock after selling 2,495 shares during the quarter. Teacher Retirement System of Texas’ holdings in HBT Financial were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in HBT Financial during the fourth quarter worth about $57,000. GAMMA Investing LLC increased its stake in HBT Financial by 4,457.6% during the first 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 last quarter. Wells Fargo & Company MN increased its stake in 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 acquiring an additional 1,638 shares during the last quarter. Sei Investments Co. acquired a new stake in HBT Financial during the fourth quarter worth about $242,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in shares of HBT Financial in the first quarter worth about $264,000. 78.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

HBT Financial Stock Performance

Shares of NASDAQ HBT opened at $25.31 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $797.27 million, a price-to-earnings ratio of 10.63 and a beta of 0.58. The stock’s fifty day simple moving average is $24.74 and its 200 day simple moving average is $23.71. HBT Financial, Inc. has a 52-week low of $19.46 and a 52-week high of $26.71.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings results on Monday, April 21st. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. HBT Financial had a return on equity of 14.13% and a net margin of 25.88%. The business had revenue of $63.14 million for the quarter, compared to the consensus estimate of $57.57 million. During the same quarter 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 fiscal year.

HBT Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Tuesday, May 6th. HBT Financial’s payout ratio is currently 35.29%.

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.