Hickory Point Bank & Trust Invests $438,000 in HBT Financial, Inc. (NASDAQ:HBT)

Hickory Point Bank & Trust acquired a new position in shares of HBT Financial, Inc. (NASDAQ:HBT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 20,000 shares of the company's stock, valued at approximately $438,000. Hickory Point Bank & Trust owned approximately 0.06% of HBT Financial at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HBT. Rosenthal Henry Capital Advisors Inc. purchased a new stake in HBT Financial during the 3rd quarter valued at about $930,000. FMR LLC grew its position in shares of HBT Financial by 70.1% in the third quarter. FMR LLC now owns 4,329 shares of the company's stock valued at $95,000 after purchasing an additional 1,784 shares in the last quarter. Barclays PLC increased its holdings in shares of HBT Financial by 43.5% in 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 stake in HBT Financial by 1.6% during the third quarter. State Street Corp now owns 251,438 shares of the company's stock worth $5,501,000 after buying an additional 3,874 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in HBT Financial by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 309,110 shares of the company's stock valued at $6,764,000 after buying an additional 1,989 shares in the last quarter. 78.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at HBT Financial

In other news, Director Patrick F. Busch sold 8,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were 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 owns 182,000 shares in the company, valued at approximately $4,508,140. This represents a 4.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Fred L. Drake sold 2,500 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $24.11, for a total value of $60,275.00. Following the completion of the transaction, the chairman now owns 71,170 shares in the company, valued at $1,715,908.70. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,400 shares of company stock valued at $1,029,775. Insiders own 59.80% of the company's stock.

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HBT Financial Trading Down 1.3 %

Shares of NASDAQ HBT traded down $0.30 during trading on Wednesday, reaching $23.40. The stock had a trading volume of 23,840 shares, compared to its average volume of 38,004. The business's 50-day moving average price is $23.49 and its 200-day moving average price is $22.92. HBT Financial, Inc. has a fifty-two week low of $18.00 and a fifty-two week high of $26.25. The company has a market cap of $738.48 million, a P/E ratio of 10.35 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82.

HBT Financial (NASDAQ:HBT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts predict that HBT Financial, Inc. will post 2.34 EPS for the current fiscal year.

HBT Financial announced that its Board of Directors has authorized a stock buyback program on Wednesday, December 18th that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

HBT Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were issued a $0.21 dividend. This is a boost from HBT Financial's previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, February 4th. This represents a $0.84 annualized dividend and a yield of 3.59%. HBT Financial's dividend payout ratio (DPR) is 37.17%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Piper Sandler lowered their price target on shares of HBT Financial from $27.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Keefe, Bruyette & Woods increased their price target on shares of HBT Financial from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $24.80.

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.