HBT Financial, Inc. (NASDAQ:HBT) Director Patrick F. Busch Sells 11,555 Shares

HBT Financial, Inc. (NASDAQ:HBT) Director Patrick F. Busch sold 11,555 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $24.09, for a total transaction of $278,359.95. Following the sale, the director now directly owns 190,000 shares in the company, valued at $4,577,100. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

HBT Financial Stock Up 1.4 %

HBT Financial stock opened at $24.24 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.21. HBT Financial, Inc. has a 12-month low of $17.42 and a 12-month high of $24.85. The firm’s fifty day moving average is $20.29 and its 200 day moving average is $19.57. The company has a market capitalization of $765.74 million, a PE ratio of 10.73 and a beta of 0.87.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings data on Monday, July 22nd. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. HBT Financial had a net margin of 25.61% and a return on equity of 15.76%. The firm had revenue of $72.43 million for the quarter, compared to the consensus estimate of $56.82 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. As a group, sell-side analysts predict that HBT Financial, Inc. will post 2.3 EPS for the current fiscal year.

HBT Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.76 annualized dividend and a dividend yield of 3.14%. HBT Financial’s dividend payout ratio is currently 33.63%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Raymond James raised shares of HBT Financial from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a report on Friday, May 10th. JPMorgan Chase & Co. upped their price objective on shares of HBT Financial from $21.00 to $24.00 and gave the company an “underweight” rating in a research note on Tuesday, July 23rd. Piper Sandler upped their price objective on shares of HBT Financial from $21.50 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $27.00 target price (up previously from $25.00) on shares of HBT Financial in a research report on Tuesday, July 23rd.

Institutional Trading of HBT Financial

Several institutional investors and hedge funds have recently made changes to their positions in HBT. Cetera Advisors LLC purchased a new stake in shares of HBT Financial in the first quarter valued at about $6,497,000. Assenagon Asset Management S.A. purchased a new stake in shares of HBT Financial in the fourth quarter valued at about $1,010,000. Los Angeles Capital Management LLC grew its position in HBT Financial by 40.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock valued at $1,420,000 after buying an additional 19,440 shares during the period. LSV Asset Management bought a new position in HBT Financial during the first quarter valued at about $183,000. Finally, Meredith Wealth Planning bought a new position in HBT Financial during the fourth quarter valued at about $203,000. Hedge funds and other institutional investors own 78.55% 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.