Hennion & Walsh Asset Management Inc. Takes Position in HBT Financial, Inc. (NASDAQ:HBT)

Hennion & Walsh Asset Management Inc. acquired a new stake in HBT Financial, Inc. (NASDAQ:HBT) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 11,787 shares of the company’s stock, valued at approximately $264,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Picton Mahoney Asset Management lifted its stake in HBT Financial by 47.7% during the fourth quarter. Picton Mahoney Asset Management now owns 1,335 shares of the company’s stock worth $29,000 after purchasing an additional 431 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in HBT Financial during the fourth quarter worth approximately $57,000. SG Americas Securities LLC lifted its stake in 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. Wells Fargo & Company MN lifted 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 purchasing an additional 1,638 shares during the last quarter. Finally, Sei Investments Co. purchased a new stake in HBT Financial during the fourth quarter worth approximately $242,000. Hedge funds and other institutional investors own 78.55% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Hovde Group upgraded HBT Financial from a “market perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research note on Tuesday, May 6th. One investment 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, the stock presently has an average rating of “Hold” and a consensus price target of $25.80.

HBT Financial Price Performance

HBT stock opened at $24.00 on Tuesday. The business has a 50 day moving average price of $23.13 and a 200 day moving average price of $23.28. The stock has a market cap of $755.88 million, a price-to-earnings ratio of 10.62 and a beta of 0.57. HBT Financial, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $26.25. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20.

HBT Financial (NASDAQ:HBT) last released its quarterly 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. The company had revenue of $63.14 million for the quarter, compared to analyst estimates of $57.57 million. HBT Financial had a return on equity of 14.57% and a net margin of 24.99%. During the same quarter in the previous year, the company posted $0.57 earnings per share. Equities research analysts anticipate that HBT Financial, Inc. will post 2.34 earnings per share for the current fiscal year.

HBT Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.50%. The ex-dividend date was Tuesday, May 6th. HBT Financial’s dividend payout ratio (DPR) is 35.29%.

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.