Tower Research Capital LLC TRC Buys 1,062 Shares of HBT Financial, Inc. (NASDAQ:HBT)

Tower Research Capital LLC TRC raised its stake in HBT Financial, Inc. (NASDAQ:HBT) by 70.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,573 shares of the company’s stock after purchasing an additional 1,062 shares during the period. Tower Research Capital LLC TRC’s holdings in HBT Financial were worth $54,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HBT. SG Americas Securities LLC acquired a new stake in HBT Financial in the 3rd quarter worth $121,000. Meredith Wealth Planning acquired a new stake in HBT Financial in the 4th quarter worth $203,000. Assenagon Asset Management S.A. acquired a new stake in HBT Financial in the 4th quarter worth $1,010,000. Finally, Los Angeles Capital Management LLC grew its position in HBT Financial by 40.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock worth $1,420,000 after purchasing an additional 19,440 shares during the last quarter. 78.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Piper Sandler lifted their target price on shares of HBT Financial from $21.00 to $21.50 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. upped their price objective on HBT Financial from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, April 23rd.

HBT Financial Price Performance

Shares of HBT stock traded down $0.13 during trading hours on Monday, hitting $18.76. The company had a trading volume of 62,703 shares, compared to its average volume of 28,028. HBT Financial, Inc. has a 12 month low of $16.33 and a 12 month high of $21.87. The firm has a market capitalization of $593.06 million, a price-to-earnings ratio of 8.30 and a beta of 0.86. The firm’s fifty day moving average is $18.90 and its 200 day moving average is $19.36. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.79 and a current ratio of 0.80.

HBT Financial Announces Dividend

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

Insider Activity

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

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.