Russell Investments Group Ltd. Has $700,000 Position in HBT Financial, Inc. (NASDAQ:HBT)

Russell Investments Group Ltd. lowered its holdings in HBT Financial, Inc. (NASDAQ:HBT - Free Report) by 38.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,960 shares of the company's stock after selling 20,090 shares during the quarter. Russell Investments Group Ltd. owned about 0.10% of HBT Financial worth $700,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Picton Mahoney Asset Management increased its stake in shares of HBT Financial by 47.7% in the 4th 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 HBT Financial in the fourth quarter worth about $57,000. FMR LLC raised its holdings 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 purchasing an additional 1,784 shares during the last quarter. SG Americas Securities LLC lifted its position in HBT Financial by 13.6% during the 4th 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 boosted its stake in shares of HBT Financial by 27.8% in the 4th 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 during the last quarter. Institutional investors own 78.55% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Hovde Group assumed coverage on shares of HBT Financial in a research note on Thursday, March 27th. They set a "market perform" rating and a $24.50 price target for the company. Piper Sandler cut their price target 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. One 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $24.75.

Insider Buying and Selling

In related news, Director Patrick F. Busch sold 8,000 shares of the stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Fred L. Drake sold 10,000 shares of HBT Financial stock in a transaction that occurred on 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 represents a 30.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 38,900 shares of company stock valued at $969,500. 59.80% of the stock is owned by corporate insiders.

HBT Financial Trading Down 2.1 %

NASDAQ:HBT traded down $0.50 during trading hours on Friday, hitting $23.40. The stock had a trading volume of 18,620 shares, compared to its average volume of 32,570. HBT Financial, Inc. has a one year low of $18.16 and a one year high of $26.25. The company has a market cap of $740.17 million, a price-to-earnings ratio of 10.35 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 50 day moving average is $23.00 and its 200-day moving average is $23.06.

HBT Financial (NASDAQ:HBT - Get Free Report) last posted its earnings results on Monday, April 21st. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. HBT Financial had a return on equity of 14.57% and a net margin of 24.99%. The firm had revenue of $63.14 million for the quarter, compared to analyst estimates of $57.57 million. During the same period in the previous year, the company posted $0.57 earnings per share. Sell-side analysts anticipate that HBT Financial, Inc. will post 2.34 EPS for the current fiscal year.

HBT Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th will be given a $0.21 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $0.84 annualized dividend and a dividend yield of 3.59%. HBT Financial's dividend payout ratio is presently 35.29%.

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.