98,100 Shares in HBT Financial, Inc. (NASDAQ:HBT) Acquired by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. acquired a new position in HBT Financial, Inc. (NASDAQ:HBT) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 98,100 shares of the company’s stock, valued at approximately $2,198,000. Johnson Investment Counsel Inc. owned about 0.31% of HBT Financial as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC bought a new stake in HBT Financial during the fourth quarter valued at approximately $7,111,000. Royce & Associates LP grew its position in shares of HBT Financial by 10.7% during the 4th quarter. Royce & Associates LP now owns 332,753 shares of the company’s stock valued at $7,287,000 after acquiring an additional 32,146 shares during the period. Dimensional Fund Advisors LP grew its position in shares of HBT Financial by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 461,630 shares of the company’s stock valued at $10,110,000 after acquiring an additional 29,200 shares during the period. JPMorgan Chase & Co. grew its position in shares of HBT Financial by 96.8% during the 4th quarter. JPMorgan Chase & Co. now owns 46,109 shares of the company’s stock valued at $1,010,000 after acquiring an additional 22,682 shares during the period. Finally, Hickory Point Bank & Trust bought a new stake in HBT Financial during the fourth quarter valued at about $438,000. Hedge funds and other institutional investors own 78.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Hovde Group raised HBT Financial from a “market perform” rating to an “outperform” rating and set a $28.00 price target for the company in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, HBT Financial presently has a consensus rating of “Hold” and a consensus target price of $25.80.

HBT Financial Stock Performance

HBT opened at $23.63 on Friday. The firm has a market cap of $744.35 million, a P/E ratio of 9.93 and a beta of 0.57. HBT Financial, Inc. has a 1-year low of $18.62 and a 1-year high of $26.25. The company has a 50 day simple moving average of $23.54 and a two-hundred day simple moving average of $23.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.83 and a quick ratio of 0.83.

HBT Financial (NASDAQ:HBT) last issued 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. The company had revenue of $63.14 million during the quarter, compared to the consensus estimate of $57.57 million. HBT Financial had a net margin of 25.88% and a return on equity of 14.13%. During the same quarter in the prior year, the firm posted $0.57 EPS. Equities analysts forecast that HBT Financial, Inc. will post 2.34 earnings per share for the current fiscal year.

HBT Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Tuesday, May 6th. HBT Financial’s dividend payout ratio (DPR) is 35.29%.

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.