Martingale Asset Management L P Has $967,000 Position in HBT Financial, Inc. (NASDAQ:HBT)

Martingale Asset Management L P grew its stake in HBT Financial, Inc. (NASDAQ:HBT - Free Report) by 48.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,172 shares of the company's stock after acquiring an additional 14,447 shares during the period. Martingale Asset Management L P owned 0.14% of HBT Financial worth $967,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Picton Mahoney Asset Management lifted its stake in HBT Financial by 47.7% in the fourth quarter. Picton Mahoney Asset Management now owns 1,335 shares of the company's stock valued at $29,000 after buying an additional 431 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of HBT Financial in the 4th quarter valued at approximately $57,000. FMR LLC boosted its stake in 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 acquiring an additional 1,784 shares during the last quarter. SG Americas Securities LLC grew its holdings in HBT Financial by 13.6% during the fourth quarter. SG Americas Securities LLC now owns 6,309 shares of the company's stock valued at $138,000 after purchasing an additional 756 shares during the period. Finally, Wells Fargo & Company MN increased its stake in HBT Financial by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 7,522 shares of the company's stock valued at $165,000 after purchasing an additional 1,638 shares in the last quarter. 78.55% of the stock is currently owned by institutional investors and hedge funds.

HBT Financial Stock Up 0.0 %

Shares of HBT traded up $0.01 during mid-day trading on Friday, hitting $21.99. 38,230 shares of the company's stock were exchanged, compared to its average volume of 32,592. The company has a 50-day simple moving average of $23.25 and a 200 day simple moving average of $22.98. 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 company has a market cap of $693.98 million, a PE ratio of 9.73 and a beta of 0.62. HBT Financial, Inc. has a 52 week low of $18.01 and a 52 week high of $26.25.

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

HBT Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.82%. This is an increase from HBT Financial's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, February 4th. HBT Financial's dividend payout ratio (DPR) is currently 37.17%.

Wall Street Analyst Weigh In

Several brokerages recently commented on HBT. Piper Sandler dropped their price objective on HBT Financial from $27.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Hovde Group began coverage on HBT Financial in a research report on Thursday, March 27th. They set a "market perform" rating and a $24.50 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $24.75.

Insiders Place Their Bets

In related news, Chairman Fred L. Drake sold 10,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.15, for a total value of $251,500.00. Following the completion of the sale, the chairman now directly owns 22,825 shares in the company, valued at approximately $574,048.75. This trade represents a 30.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Patrick F. Busch sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $24.77, for a total value of $198,160.00. Following the transaction, the director now directly owns 182,000 shares in the company, valued at approximately $4,508,140. This trade represents a 4.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,900 shares of company stock valued at $969,500 in the last 90 days. 59.80% of the stock is currently owned by insiders.

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.