1 week Ago By ABMN Staff
Trexquant Investment LP bought a new position in shares of HBT Financial, Inc. ( NASDAQ:HBT – Free Report ) during the 4th quarter, HoldingsChannel.com reports.
The institutional investor bought 16,715 shares of the company’s stock, valued at approximately $366,000. A number of other institutional investors have also recently modified their holdings of HBT. Royce & Associates LP boosted its position in HBT Financial by 10.
7% during the fourth quarter. Royce & Associates LP now owns 332,753 shares of the company’s stock worth $7,287,000 after purchasing an additional 32,146 shares in the last quarter. LPL Financial LLC acquired a new position in shares of HBT Financial during the 4th quarter worth approximately $7,111,000.
Geode Capital Management LLC lifted its position in shares of HBT Financial by 0.6% during 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.
State Street Corp grew its stake in HBT Financial by 1.6% in the 3rd quarter. State Street Corp now owns 251,438 shares of the company’s stock valued at $5,501,000 after acquiring an additional 3,874 shares during the period.
Finally, American Century Companies Inc. grew its stake in HBT Financial by 11.0% in the 4th quarter.
American Century Companies Inc. now owns 133,206 shares of the company’s stock valued at $2,917,000 after acquiring an additional 13,250 shares during the period. 78.
55% of the stock is currently owned by institutional investors and hedge funds. Insiders Place Their Bets In other news, Chairman Fred L. Drake sold 10,000 shares of HBT Financial stock in a transaction that occurred on Wednesday, January 29th.
The shares were sold at an average price of $24.38, for a total transaction of $243,800.00.
Following the sale, the chairman now owns 58,670 shares of the company’s stock, valued at approximately $1,430,374.60. The trade was a 14.
56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Also, Director Patrick F.
Busch sold 8,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 182,000 shares in the company, valued at $4,508,140. This represents a 4.
21 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold 38,900 shares of company stock valued at $969,500 in the last three months.
59.80% of the stock is currently owned by insiders. HBT Financial Stock Performance HBT Financial ( NASDAQ:HBT – Get Free Report ) last released its earnings results on Wednesday, January 22nd.
The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates 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, sell-side analysts forecast that HBT Financial, Inc. will post 2.
34 earnings per share for the current fiscal year. HBT Financial announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 18th that authorizes the company to repurchase $15.00 million in outstanding shares.
This repurchase authorization authorizes the company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
HBT Financial Increases Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders 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. This represents a $0.
84 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Tuesday, February 4th.
HBT Financial’s dividend payout ratio is presently 37.17%. Analysts Set New Price Targets Several equities analysts have issued reports on the stock.
Piper Sandler decreased their price objective on shares of HBT Financial from $27.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, January 24th.
Hovde Group began coverage on HBT Financial in a report on Thursday, March 27th. They issued a “market perform” rating and a $24.50 price objective on the stock.
One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $24.
75. Check Out Our Latest Research Report on HBT About HBT Financial ( Free Report ) 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.
Recommended Stories Want to see what other hedge funds are holding HBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HBT Financial, Inc. ( NASDAQ:HBT – Free Report ).
Receive News & Ratings for HBT Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HBT Financial and related companies with MarketBeat.com's FREE daily email newsletter ..
