Banc Funds Co. LLC Sells 54,141 Shares of HBT Financial, Inc. (NASDAQ:HBT)

Banc Funds Co. LLC reduced its holdings in HBT Financial, Inc. (NASDAQ:HBT - Free Report) by 74.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,403 shares of the company's stock after selling 54,141 shares during the quarter. Banc Funds Co. LLC owned 0.06% of HBT Financial worth $403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Picton Mahoney Asset Management boosted its stake in shares of HBT Financial by 47.7% during the 4th quarter. Picton Mahoney Asset Management now owns 1,335 shares of the company's stock worth $29,000 after acquiring an additional 431 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in HBT Financial in the 4th quarter valued at approximately $57,000. FMR LLC grew its holdings in shares of HBT Financial by 70.1% during 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 lifted its position in HBT Financial by 13.6% in the fourth quarter. SG Americas Securities LLC now owns 6,309 shares of the company's stock worth $138,000 after purchasing an additional 756 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in HBT Financial by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 7,522 shares of the company's stock worth $165,000 after buying an additional 1,638 shares in the last quarter. Institutional investors own 78.55% of the company's stock.

HBT Financial Price Performance

HBT Financial stock traded up $0.01 on Friday, reaching $21.99. The company's stock had a trading volume of 38,230 shares, compared to its average volume of 32,608. HBT Financial, Inc. has a twelve month low of $18.16 and a twelve month high of $26.25. The company has a market cap of $695.57 million, a price-to-earnings ratio of 9.73 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82. The business's fifty day moving average price is $23.18 and its 200 day moving average price is $23.00.

HBT Financial (NASDAQ:HBT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.04. HBT Financial had a return on equity of 14.57% and a net margin of 24.99%. Equities analysts expect that HBT Financial, Inc. will post 2.34 earnings per share for the current fiscal year.

HBT Financial Increases Dividend

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at HBT Financial

In related news, Director Patrick F. Busch sold 8,000 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $24.77, for a total value of $198,160.00. Following the sale, the director now directly owns 182,000 shares of the company's stock, valued at approximately $4,508,140. The trade was a 4.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Fred L. Drake sold 10,000 shares of the stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $24.38, for a total value of $243,800.00. Following the transaction, the chairman now owns 58,670 shares of the company's stock, valued at approximately $1,430,374.60. This trade represents a 14.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,900 shares of company stock worth $969,500. Insiders own 59.80% of the company's stock.

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.