Royce & Associates LP Reduces Holdings in HBT Financial, Inc. (NASDAQ:HBT)

Royce & Associates LP decreased its stake in shares of HBT Financial, Inc. (NASDAQ:HBT - Free Report) by 8.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 300,607 shares of the company's stock after selling 26,908 shares during the quarter. Royce & Associates LP owned about 0.95% of HBT Financial worth $6,577,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. GSA Capital Partners LLP bought a new stake in shares of HBT Financial in the third quarter worth about $251,000. Rosenthal Henry Capital Advisors Inc. acquired a new position in HBT Financial during the 3rd quarter valued at about $930,000. Assenagon Asset Management S.A. grew its stake in HBT Financial by 93.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 46,800 shares of the company's stock valued at $1,024,000 after purchasing an additional 22,618 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of HBT Financial during the 3rd quarter valued at about $122,000. Finally, Hsbc Holdings PLC grew its position in shares of HBT Financial by 3.8% during the 2nd quarter. Hsbc Holdings PLC now owns 14,605 shares of the company's stock valued at $287,000 after acquiring an additional 541 shares during the period. 78.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. DA Davidson cut HBT Financial from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $26.00 to $24.00 in a report on Wednesday, September 25th. JPMorgan Chase & Co. boosted their target price on HBT Financial from $21.00 to $24.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $27.00 price objective (up from $25.00) on shares of HBT Financial in a report on Tuesday, July 23rd. Finally, Piper Sandler lowered their price target on shares of HBT Financial from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, HBT Financial presently has an average rating of "Hold" and an average target price of $24.40.

HBT Financial Stock Performance

HBT stock traded down $0.13 during trading hours on Monday, hitting $24.10. 19,551 shares of the stock were exchanged, compared to its average volume of 28,593. The company has a 50-day simple moving average of $22.28 and a two-hundred day simple moving average of $21.20. HBT Financial, Inc. has a 12 month low of $17.75 and a 12 month high of $25.35. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $760.57 million, a P/E ratio of 11.05 and a beta of 0.86.

HBT Financial (NASDAQ:HBT - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $56.44 million for the quarter, compared to analyst estimates of $57.05 million. HBT Financial had a net margin of 24.68% and a return on equity of 14.70%. On average, analysts forecast that HBT Financial, Inc. will post 2.33 earnings per share for the current fiscal year.

HBT Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.76 annualized dividend and a yield of 3.15%. 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.