Trexquant Investment LP Invests $366,000 in HBT Financial, Inc. (NASDAQ:HBT)

Trexquant Investment LP purchased a new stake in shares of HBT Financial, Inc. (NASDAQ:HBT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 16,715 shares of the company's stock, valued at approximately $366,000. Trexquant Investment LP owned 0.05% of HBT Financial at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its stake in HBT Financial by 70.1% during the third quarter. FMR LLC now owns 4,329 shares of the company's stock worth $95,000 after acquiring an additional 1,784 shares in the last quarter. Barclays PLC lifted its holdings in shares of HBT Financial by 43.5% during the third quarter. Barclays PLC now owns 57,000 shares of the company's stock valued at $1,247,000 after purchasing an additional 17,266 shares during the last quarter. State Street Corp boosted its position in shares of HBT Financial by 1.6% in the 3rd quarter. State Street Corp now owns 251,438 shares of the company's stock worth $5,501,000 after purchasing an additional 3,874 shares in the last quarter. Rhumbline Advisers grew its stake in shares of HBT Financial by 9.0% in the 4th quarter. Rhumbline Advisers now owns 20,758 shares of the company's stock worth $455,000 after buying an additional 1,711 shares during the last quarter. Finally, American Century Companies Inc. increased its position in HBT Financial by 11.0% during the 4th quarter. American Century Companies Inc. now owns 133,206 shares of the company's stock valued at $2,917,000 after buying an additional 13,250 shares in the last quarter. 78.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HBT. Hovde Group initiated coverage on HBT Financial in a report on Thursday, March 27th. They set a "market perform" rating and a $24.50 price target for the company. Piper Sandler decreased their target price on shares of HBT Financial from $27.00 to $26.00 and set a "neutral" rating for the company in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $24.75.

HBT Financial Stock Performance

HBT Financial stock traded up $0.01 during mid-day trading on Friday, reaching $21.99. 38,230 shares of the stock traded hands, compared to its average volume of 32,600. HBT Financial, Inc. has a 12-month low of $18.03 and a 12-month high of $26.25. The business's 50-day moving average is $23.18 and its 200-day moving average is $22.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $695.57 million, a PE ratio of 9.73 and a beta of 0.62.

HBT Financial (NASDAQ:HBT - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. HBT Financial had a net margin of 24.99% and a return on equity of 14.57%. As a group, sell-side analysts predict that HBT Financial, Inc. will post 2.34 EPS for the current fiscal year.

HBT Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.21 per share. This is an increase from HBT Financial's previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, February 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.82%. HBT Financial's payout ratio is presently 37.17%.

Insider Transactions at HBT Financial

In related news, Chairman Fred L. Drake sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $24.38, for a total transaction of $243,800.00. Following the completion of the transaction, the chairman now directly owns 58,670 shares in the company, valued at approximately $1,430,374.60. The trade was a 14.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Patrick F. Busch sold 8,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $24.77, for a total transaction of $198,160.00. Following the completion of the sale, the director now directly owns 182,000 shares of the company's stock, valued at $4,508,140. This represents a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,900 shares of company stock worth $969,500 in the last three months. Corporate insiders own 59.80% of the company's stock.

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.