Acadian Asset Management LLC Buys 2,153 Shares of HBT Financial, Inc. $HBT

Acadian Asset Management LLC grew its stake in shares of HBT Financial, Inc. (NASDAQ:HBT) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 113,115 shares of the company’s stock after purchasing an additional 2,153 shares during the period. Acadian Asset Management LLC owned approximately 0.36% of HBT Financial worth $2,847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. American Century Companies Inc. raised its holdings in HBT Financial by 42.4% during the first quarter. American Century Companies Inc. now owns 189,727 shares of the company’s stock worth $4,252,000 after buying an additional 56,521 shares during the last quarter. Nuveen LLC acquired a new position in shares of HBT Financial during the first quarter valued at about $786,000. Adage Capital Partners GP L.L.C. increased its position in shares of HBT Financial by 12.3% during the first quarter. Adage Capital Partners GP L.L.C. now owns 278,159 shares of the company’s stock worth $6,234,000 after acquiring an additional 30,467 shares in the last quarter. Royce & Associates LP raised its holdings in shares of HBT Financial by 8.2% in the 1st quarter. Royce & Associates LP now owns 359,922 shares of the company’s stock worth $8,066,000 after acquiring an additional 27,169 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in HBT Financial by 57.7% in the 2nd quarter. Los Angeles Capital Management LLC now owns 58,517 shares of the company’s stock valued at $1,475,000 after acquiring an additional 21,410 shares in the last quarter. Institutional investors own 78.55% of the company’s stock.

Wall Street Analysts Forecast Growth

HBT has been the subject of a number of recent research reports. Zacks Research raised HBT Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. Keefe, Bruyette & Woods lifted their target price on HBT Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Raymond James Financial downgraded HBT Financial from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 7th. Piper Sandler lowered their price target on HBT Financial from $29.00 to $27.50 and set a “neutral” rating for the company in a research report on Tuesday, October 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of HBT Financial in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, HBT Financial currently has a consensus rating of “Hold” and an average target price of $28.50.

HBT Financial Stock Performance

Shares of HBT opened at $23.83 on Friday. The stock has a 50 day moving average of $24.71 and a 200 day moving average of $24.84. The company has a market capitalization of $748.98 million, a price-to-earnings ratio of 9.61 and a beta of 0.66. HBT Financial, Inc. has a 12 month low of $19.46 and a 12 month high of $27.02. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings data on Monday, October 20th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. HBT Financial had a return on equity of 13.81% and a net margin of 26.64%.The firm had revenue of $59.84 million during the quarter, compared to the consensus estimate of $60.31 million. During the same quarter in the prior year, the company earned $0.61 EPS. As a group, sell-side analysts forecast that HBT Financial, Inc. will post 2.34 earnings per share for the current year.

HBT Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were given a dividend of $0.21 per share. The ex-dividend date was Monday, November 3rd. This represents a $0.84 annualized dividend and a yield of 3.5%. HBT Financial’s dividend payout ratio is presently 33.87%.

HBT Financial 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.