HBT Financial, Inc. $HBT Shares Newly Purchased by Detalus Advisors LLC

Detalus Advisors LLC purchased a new stake in HBT Financial, Inc. (NASDAQ:HBT) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,335 shares of the company’s stock, valued at approximately $861,000.

Other hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new position in HBT Financial during the second quarter worth about $451,000. Squarepoint Ops LLC acquired a new stake in HBT Financial in the 2nd quarter worth about $374,000. Wellington Management Group LLP bought a new stake in HBT Financial in the 2nd quarter valued at about $9,552,000. Public Employees Retirement System of Ohio bought a new stake in HBT Financial in the 2nd quarter valued at about $147,000. Finally, Bank of America Corp DE acquired a new position in shares of HBT Financial during the 2nd quarter worth approximately $1,048,000. 78.55% of the stock is owned by institutional investors.

HBT Financial Stock Performance

HBT opened at $35.37 on Friday. The firm has a market cap of $1.29 billion, a P/E ratio of 12.70 and a beta of 0.49. HBT Financial, Inc. has a 52-week low of $22.36 and a 52-week high of $37.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.84 and a current ratio of 0.84. The business’s fifty day moving average is $35.97 and its 200-day moving average is $32.20.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. The company had revenue of $80.90 million for the quarter, compared to analysts’ expectations of $80.36 million. HBT Financial had a return on equity of 13.46% and a net margin of 23.44%. Sell-side analysts expect that HBT Financial, Inc. will post 3.03 EPS for the current fiscal year.

HBT Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 11th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, August 11th. This is a positive change from HBT Financial’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. HBT Financial’s dividend payout ratio is currently 42.92%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HBT shares. Zacks Research upgraded shares of HBT Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 28th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $41.00 price target (up from $38.00) on shares of HBT Financial in a research report on Thursday, August 13th. Weiss Ratings upgraded HBT Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. Hovde Group boosted their price target on HBT Financial from $40.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Finally, DA Davidson increased their price target on HBT Financial from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, HBT Financial has a consensus rating of “Buy” and a consensus price target of $37.40.

HBT Financial Company Profile

HBT Financial, Inc is a bank holding company headquartered in Bloomington, Illinois. Through its principal subsidiary, Heartland Bank and Trust Company, the company provides banking and financial services to individuals, families, farmers, and businesses.

Heartland Bank offers checking and savings accounts, consumer and commercial loans, agricultural lending, mortgages, treasury management, and other deposit and lending products. The bank also provides trust, wealth management, investment, and retirement planning services through its financial services operations.

HBT Financial’s banking operations primarily serve communities across Illinois, with a focus on central and eastern parts of the state.