HBT Financial, Inc. (NASDAQ:HBT) Short Interest Update

HBT Financial, Inc. (NASDAQ:HBTGet Free Report) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 85,100 shares, a decrease of 10.1% from the April 15th total of 94,700 shares. Based on an average daily volume of 28,600 shares, the days-to-cover ratio is presently 3.0 days. Currently, 0.7% of the company’s shares are short sold.

Insider Buying and Selling at HBT Financial

In other news, Director Roger A. Baker bought 3,632 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was acquired at an average price of $18.86 per share, with a total value of $68,499.52. Following the completion of the purchase, the director now directly owns 559,804 shares of the company’s stock, valued at $10,557,903.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders bought 4,932 shares of company stock valued at $93,083. 59.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HBT Financial

A number of hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in shares of HBT Financial by 70.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock worth $54,000 after purchasing an additional 1,062 shares during the period. SG Americas Securities LLC bought a new stake in shares of HBT Financial during the third quarter valued at about $121,000. LSV Asset Management bought a new position in HBT Financial in the 1st quarter valued at $183,000. Meredith Wealth Planning purchased a new position in HBT Financial during the fourth quarter worth about $203,000. Finally, Assenagon Asset Management S.A. bought a new stake in HBT Financial during the fourth quarter valued at approximately $1,010,000. 78.55% of the stock is owned by hedge funds and other institutional investors.

HBT Financial Trading Up 1.0 %

Shares of HBT Financial stock opened at $19.55 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. HBT Financial has a 52 week low of $16.85 and a 52 week high of $21.87. The stock has a 50 day moving average price of $18.93 and a two-hundred day moving average price of $19.44. The stock has a market capitalization of $617.58 million, a PE ratio of 8.65 and a beta of 0.86.

HBT Financial (NASDAQ:HBTGet Free Report) last posted its quarterly earnings results on Monday, April 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. HBT Financial had a net margin of 26.29% and a return on equity of 16.14%. The business had revenue of $52.31 million during the quarter, compared to the consensus estimate of $56.29 million. As a group, equities analysts anticipate that HBT Financial will post 2.26 earnings per share for the current fiscal year.

HBT Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.89%. HBT Financial’s dividend payout ratio is presently 33.63%.

Analysts Set New Price Targets

HBT has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on HBT Financial from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, April 23rd. Piper Sandler increased their target price on shares of HBT Financial from $21.00 to $21.50 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Raymond James raised shares of HBT Financial from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a research note on Friday, May 10th.

View Our Latest Stock Analysis on HBT Financial

About HBT Financial

(Get Free Report)

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.

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