Los Angeles Capital Management LLC Sells 5,900 Shares of HBT Financial, Inc. (NASDAQ:HBT)

Los Angeles Capital Management LLC trimmed its stake in shares of HBT Financial, Inc. (NASDAQ:HBT) by 10.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,837 shares of the company’s stock after selling 5,900 shares during the quarter. Los Angeles Capital Management LLC’s holdings in HBT Financial were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of HBT Financial by 0.8% in the first quarter. Vanguard Group Inc. now owns 626,575 shares of the company’s stock valued at $11,930,000 after acquiring an additional 5,183 shares during the period. Cetera Advisors LLC bought a new stake in shares of HBT Financial in the first quarter worth about $6,497,000. Acadian Asset Management LLC increased its holdings in HBT Financial by 19.0% during the 2nd quarter. Acadian Asset Management LLC now owns 95,606 shares of the company’s stock valued at $1,949,000 after purchasing an additional 15,242 shares during the period. LSV Asset Management raised its position in HBT Financial by 1,082.5% during the 2nd quarter. LSV Asset Management now owns 113,808 shares of the company’s stock valued at $2,324,000 after purchasing an additional 104,184 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in HBT Financial by 5.1% in the 2nd quarter. American Century Companies Inc. now owns 119,698 shares of the company’s stock worth $2,444,000 after buying an additional 5,859 shares during the period. 78.55% of the stock is owned by hedge funds and other institutional investors.

HBT Financial Price Performance

HBT opened at $24.38 on Friday. HBT Financial, Inc. has a 12-month low of $17.75 and a 12-month high of $25.35. The company has a market cap of $769.41 million, a price-to-earnings ratio of 11.14 and a beta of 0.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $22.17 and a two-hundred day simple moving average of $21.11.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $56.44 million during the quarter, compared to analysts’ expectations of $57.05 million. HBT Financial had a net margin of 24.68% and a return on equity of 14.70%. Research analysts predict that HBT Financial, Inc. will post 2.33 earnings per share for the current fiscal year.

HBT Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were paid a $0.19 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.76 annualized dividend and a dividend yield of 3.12%. HBT Financial’s payout ratio is currently 34.55%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HBT shares. JPMorgan Chase & Co. upped their target price on HBT Financial from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $27.00 target price (up from $25.00) on shares of HBT Financial in a research report on Tuesday, July 23rd. Piper Sandler cut their target price on shares of HBT Financial from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Finally, DA Davidson downgraded shares of HBT Financial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $26.00 to $24.00 in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.40.

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.