Martingale Asset Management L P Purchases 5,600 Shares of HBT Financial, Inc. (NASDAQ:HBT)

Martingale Asset Management L P increased its position in shares of HBT Financial, Inc. (NASDAQ:HBT) by 23.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,725 shares of the company’s stock after purchasing an additional 5,600 shares during the period. Martingale Asset Management L P owned 0.09% of HBT Financial worth $650,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. FMR LLC lifted its holdings in HBT Financial by 70.1% in the 3rd quarter. FMR LLC now owns 4,329 shares of the company’s stock worth $95,000 after purchasing an additional 1,784 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of HBT Financial in the third quarter worth $122,000. GSA Capital Partners LLP bought a new position in shares of HBT Financial during the third quarter worth $251,000. Hsbc Holdings PLC grew its stake in HBT Financial by 3.8% during the second quarter. Hsbc Holdings PLC now owns 14,605 shares of the company’s stock valued at $287,000 after acquiring an additional 541 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in HBT Financial in the 3rd quarter valued at $295,000. Hedge funds and other institutional investors own 78.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on HBT shares. Piper Sandler dropped their price objective on shares of HBT Financial from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. DA Davidson lowered HBT Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $26.00 to $24.00 in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, HBT Financial has a consensus rating of “Hold” and a consensus target price of $24.40.

Insiders Place Their Bets

In related news, Chairman Fred L. Drake sold 4,798 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $23.92, for a total value of $114,768.16. Following the sale, the chairman now directly owns 86,672 shares of the company’s stock, valued at $2,073,194.24. This represents a 5.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 11,998 shares of company stock valued at $291,710 over the last three months. 59.80% of the stock is owned by company insiders.

HBT Financial Stock Performance

HBT Financial stock opened at $24.03 on Tuesday. The company’s 50-day moving average price is $22.63 and its 200-day moving average price is $21.54. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. The company has a market cap of $758.36 million, a PE ratio of 10.92 and a beta of 0.86. HBT Financial, Inc. has a twelve month low of $17.75 and a twelve month high of $25.35.

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

HBT Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were given a $0.19 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.76 dividend on an annualized basis and a yield of 3.16%. HBT Financial’s dividend payout ratio is presently 34.55%.

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.