HBT Financial, Inc. (NASDAQ:HBT) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in shares of HBT Financial, Inc. (NASDAQ:HBT) by 4,457.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,689 shares of the company’s stock after acquiring an additional 2,630 shares during the period. GAMMA Investing LLC’s holdings in HBT Financial were worth $600,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Advisors LP acquired a new position in HBT Financial during the fourth quarter worth approximately $422,000. JPMorgan Chase & Co. increased its position in HBT Financial by 96.8% during the fourth quarter. JPMorgan Chase & Co. now owns 46,109 shares of the company’s stock worth $1,010,000 after buying an additional 22,682 shares during the period. Dimensional Fund Advisors LP increased its position in HBT Financial by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 461,630 shares of the company’s stock worth $10,110,000 after buying an additional 29,200 shares during the period. Rhumbline Advisers increased its position in HBT Financial by 9.0% during the fourth quarter. Rhumbline Advisers now owns 20,758 shares of the company’s stock worth $455,000 after buying an additional 1,711 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in HBT Financial during the fourth quarter worth approximately $389,000. Institutional investors and hedge funds own 78.55% of the company’s stock.

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 price target on the stock in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.80.

HBT Financial Trading Up 0.8%

HBT opened at $23.61 on Thursday. The firm has a market cap of $743.72 million, a price-to-earnings ratio of 9.92 and a beta of 0.57. HBT Financial, Inc. has a 52 week low of $18.62 and a 52 week high of $26.25. The business’s 50 day moving average is $23.45 and its two-hundred day moving average is $23.28. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.18.

HBT Financial (NASDAQ:HBT) last released its earnings results on Monday, April 21st. The company reported $0.61 earnings per share (EPS) 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 analyst estimates of $57.57 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. On average, research analysts predict that HBT Financial, Inc. will post 2.34 EPS for the current 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 dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.84 dividend on an annualized basis and a yield of 3.56%. HBT Financial’s payout ratio 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.