Royce & Associates LP Has $6.58 Million Stake in HBT Financial, Inc. (NASDAQ:HBT)

Royce & Associates LP lowered its stake in shares of HBT Financial, Inc. (NASDAQ:HBT) by 8.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 300,607 shares of the company’s stock after selling 26,908 shares during the period. Royce & Associates LP owned approximately 0.95% of HBT Financial worth $6,577,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of HBT. Cetera Advisors LLC bought a new position in HBT Financial during the 1st quarter worth approximately $6,497,000. Rosenthal Henry Capital Advisors Inc. acquired a new stake in HBT Financial in the third quarter worth $930,000. Dimensional Fund Advisors LP boosted its position in shares of HBT Financial by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 406,456 shares of the company’s stock worth $8,298,000 after purchasing an additional 26,135 shares in the last quarter. LSV Asset Management grew its holdings in shares of HBT Financial by 1,082.5% in the 2nd quarter. LSV Asset Management now owns 113,808 shares of the company’s stock valued at $2,324,000 after buying an additional 104,184 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of HBT Financial by 3.8% in the 2nd quarter. Hsbc Holdings PLC now owns 14,605 shares of the company’s stock valued at $287,000 after buying an additional 541 shares in the last quarter. 78.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on HBT. Piper Sandler reduced their target price on HBT Financial from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their target price on HBT Financial from $21.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $27.00 price target (up previously from $25.00) on shares of HBT Financial in a research note on Tuesday, July 23rd. Finally, DA Davidson downgraded shares of HBT Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $26.00 to $24.00 in a research report on Wednesday, September 25th. One equities 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. Based on data from MarketBeat.com, HBT Financial currently has an average rating of “Hold” and an average price target of $24.40.

HBT Financial Price Performance

Shares of HBT opened at $24.23 on Monday. The company has a 50 day moving average of $22.28 and a 200-day moving average of $21.20. 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 stock has a market capitalization of $764.70 million, a P/E ratio of 11.01 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 results on Monday, October 21st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. HBT Financial had a net margin of 24.68% and a return on equity of 14.70%. The firm had revenue of $56.44 million for the quarter, compared to analyst estimates of $57.05 million. As a group, 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 dividend of $0.19 per share. The ex-dividend date was Monday, November 4th. This represents a $0.76 annualized dividend and a yield of 3.14%. HBT Financial’s dividend payout ratio (DPR) is presently 34.55%.

About HBT Financial

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.