24,335 Shares in HBT Financial, Inc. $HBT Bought by Detalus Advisors LLC

Detalus Advisors LLC acquired a new stake in HBT Financial, Inc. (NASDAQ:HBT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,335 shares of the company’s stock, valued at approximately $861,000. Detalus Advisors LLC owned 0.07% of HBT Financial as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HBT. Sequoia Financial Advisors LLC bought a new position in shares of HBT Financial during the 2nd quarter worth approximately $451,000. Squarepoint Ops LLC acquired a new position in shares of HBT Financial during the 2nd quarter worth approximately $374,000. Wellington Management Group LLP bought a new stake in HBT Financial in the 2nd quarter valued at $9,552,000. Public Employees Retirement System of Ohio bought a new stake in HBT Financial in the 2nd quarter valued at $147,000. Finally, Bank of America Corp DE bought a new stake in HBT Financial in the 2nd quarter valued at $1,048,000. 78.55% of the stock is owned by institutional investors and hedge funds.

HBT Financial Trading Up 1.3%

Shares of HBT stock opened at $35.37 on Friday. HBT Financial, Inc. has a 12-month low of $22.36 and a 12-month high of $37.51. The company has a market capitalization of $1.29 billion, a PE ratio of 12.70 and a beta of 0.49. The firm has a 50 day moving average price of $35.97 and a two-hundred day moving average price of $32.20. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.20.

HBT Financial (NASDAQ:HBT) last posted its earnings results on Monday, July 27th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. The company had revenue of $80.90 million for the quarter, compared to the consensus estimate of $80.36 million. HBT Financial had a return on equity of 13.46% and a net margin of 23.44%. As a group, analysts predict that HBT Financial, Inc. will post 3.03 earnings per share for the current year.

HBT Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Tuesday, August 11th were paid a $0.25 dividend. This is a boost from HBT Financial’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, August 11th. This represents a $1.00 annualized dividend and a yield of 2.8%. HBT Financial’s dividend payout ratio is presently 42.92%.

Wall Street Analyst Weigh In

HBT has been the subject of several research reports. Wall Street Zen downgraded HBT Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Hovde Group upped their price objective on shares of HBT Financial from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Zacks Research upgraded shares of HBT Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, September 28th. DA Davidson increased their price objective on shares of HBT Financial from $36.00 to $38.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of HBT Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $37.40.

About HBT Financial

HBT Financial, Inc is a bank holding company headquartered in Bloomington, Illinois. Through its principal subsidiary, Heartland Bank and Trust Company, the company provides banking and financial services to individuals, families, farmers, and businesses.

Heartland Bank offers checking and savings accounts, consumer and commercial loans, agricultural lending, mortgages, treasury management, and other deposit and lending products. The bank also provides trust, wealth management, investment, and retirement planning services through its financial services operations.

HBT Financial’s banking operations primarily serve communities across Illinois, with a focus on central and eastern parts of the state.