Swiss National Bank Lowers Position in HBT Financial, Inc. $HBT

Swiss National Bank trimmed its stake in HBT Financial, Inc. (NASDAQ:HBT) by 2.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,500 shares of the company’s stock after selling 800 shares during the quarter. Swiss National Bank owned about 0.09% of HBT Financial worth $616,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP purchased a new stake in HBT Financial in the fourth quarter valued at approximately $422,000. Dimensional Fund Advisors LP grew its holdings in HBT Financial by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 461,630 shares of the company’s stock valued at $10,110,000 after purchasing an additional 29,200 shares during the period. BNP Paribas Financial Markets purchased a new stake in HBT Financial in the fourth quarter valued at approximately $389,000. Bank of America Corp DE grew its holdings in HBT Financial by 35.0% in the fourth quarter. Bank of America Corp DE now owns 15,615 shares of the company’s stock valued at $342,000 after purchasing an additional 4,048 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in HBT Financial by 7.5% in the fourth quarter. Hsbc Holdings PLC now owns 17,848 shares of the company’s stock valued at $391,000 after purchasing an additional 1,244 shares during the period. 78.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HBT. Zacks Research raised shares of HBT Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. DA Davidson lifted their price target on shares of HBT Financial from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Piper Sandler lifted their price target on shares of HBT Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Raymond James Financial reaffirmed an “outperform” rating and set a $30.00 price target (up from $24.00) on shares of HBT Financial in a research report on Tuesday, July 22nd. Finally, Hovde Group raised shares of 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. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.80.

HBT Financial Trading Up 1.1%

NASDAQ HBT opened at $26.60 on Wednesday. The company’s fifty day simple moving average is $25.48 and its 200-day simple moving average is $24.16. HBT Financial, Inc. has a 52 week low of $19.46 and a 52 week high of $26.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. The stock has a market cap of $837.90 million, a P/E ratio of 10.99 and a beta of 0.63.

HBT Financial (NASDAQ:HBT) last posted its earnings results on Monday, July 21st. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $58.80 million for the quarter, compared to analysts’ expectations of $59.45 million. HBT Financial had a net margin of 26.22% and a return on equity of 13.98%. During the same period in the previous year, the company posted $0.57 earnings per share. Equities research analysts predict that HBT Financial, Inc. will post 2.34 EPS for the current fiscal year.

HBT Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were issued a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.84 annualized dividend and a yield of 3.2%. HBT Financial’s dividend payout ratio is currently 34.71%.

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.