HBT Financial, Inc. (NASDAQ:HBT) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its holdings in shares of HBT Financial, Inc. (NASDAQ:HBT) by 40.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,270 shares of the company’s stock after acquiring an additional 19,440 shares during the quarter. Los Angeles Capital Management LLC owned about 0.21% of HBT Financial worth $1,420,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Assenagon Asset Management S.A. acquired a new stake in shares of HBT Financial during the 4th quarter worth approximately $1,010,000. Meredith Wealth Planning acquired a new position in HBT Financial during the fourth quarter worth $203,000. Finally, SG Americas Securities LLC purchased a new position in shares of HBT Financial during the third quarter worth $121,000. Institutional investors and hedge funds own 78.55% of the company’s stock.

Insiders Place Their Bets

In other HBT Financial news, Director Roger A. Baker bought 3,632 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were acquired at an average cost of $18.86 per share, with a total value of $68,499.52. Following the acquisition, the director now directly owns 559,804 shares of the company’s stock, valued at approximately $10,557,903.44. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have bought 5,032 shares of company stock valued at $94,973. 59.80% of the stock is currently owned by insiders.

HBT Financial Trading Down 1.2 %

HBT opened at $18.98 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, Inc. has a one year low of $16.33 and a one year high of $21.87. The company has a market cap of $599.58 million, a P/E ratio of 8.40 and a beta of 0.86. The business’s 50-day simple moving average is $18.90 and its 200-day simple moving average is $19.40.

HBT Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be paid a $0.19 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.76 annualized dividend and a yield of 4.00%. HBT Financial’s dividend payout ratio is presently 33.63%.

Analysts Set New Price Targets

Several analysts have recently issued reports on HBT shares. JPMorgan Chase & Co. increased their price target on shares of HBT Financial from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 23rd. Piper Sandler raised their price target on shares of HBT Financial from $21.00 to $21.50 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd.

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.