Tower Research Capital LLC TRC Boosts Stock Position in HBT Financial, Inc. (NASDAQ:HBT)

Tower Research Capital LLC TRC lifted its position in HBT Financial, Inc. (NASDAQ:HBT) by 70.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,573 shares of the company’s stock after purchasing an additional 1,062 shares during the quarter. Tower Research Capital LLC TRC’s holdings in HBT Financial were worth $54,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HBT. SG Americas Securities LLC bought a new position in shares of HBT Financial in the 3rd quarter worth approximately $121,000. Assenagon Asset Management S.A. bought a new stake in HBT Financial during the fourth quarter valued at approximately $1,010,000. Meredith Wealth Planning purchased a new stake in HBT Financial during the fourth quarter valued at approximately $203,000. Finally, Los Angeles Capital Management LLC raised its position in HBT Financial by 40.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock worth $1,420,000 after acquiring an additional 19,440 shares during the period. 78.55% of the stock is currently owned by hedge funds and other institutional investors.

HBT Financial Trading Down 0.7 %

Shares of NASDAQ:HBT traded down $0.13 during trading on Monday, hitting $18.76. The company had a trading volume of 62,703 shares, compared to its average volume of 28,028. The stock has a market cap of $593.06 million, a price-to-earnings ratio of 8.30 and a beta of 0.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.80 and a quick ratio of 0.79. The company has a fifty day simple moving average of $18.90 and a two-hundred day simple moving average of $19.36. HBT Financial, Inc. has a one year low of $16.33 and a one year high of $21.87.

HBT Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.76 dividend on an annualized basis and a yield of 4.05%. HBT Financial’s payout ratio is 33.63%.

Insider Buying and Selling at HBT Financial

In related news, Director Roger A. Baker purchased 3,632 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was purchased at an average price of $18.86 per share, with a total value of $68,499.52. Following the completion of the purchase, the director now owns 559,804 shares of the company’s stock, valued at approximately $10,557,903.44. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other HBT Financial news, Director Roger A. Baker acquired 1,888 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were purchased at an average cost of $18.68 per share, for a total transaction of $35,267.84. Following the completion of the purchase, the director now owns 555,980 shares in the company, valued at $10,385,706.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Roger A. Baker bought 3,632 shares of the stock in a transaction on Thursday, February 22nd. The shares were bought at an average price of $18.86 per share, with a total value of $68,499.52. Following the acquisition, the director now owns 559,804 shares of the company’s stock, valued at $10,557,903.44. The disclosure for this purchase can be found here. Insiders purchased a total of 5,820 shares of company stock valued at $109,417 in the last three months. Company insiders own 58.60% of the company’s stock.

Wall Street Analyst Weigh In

HBT has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on HBT Financial from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, April 23rd. Piper Sandler boosted their price target on shares of HBT Financial from $21.00 to $21.50 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd.

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.