Fred L. Drake Sells 2,200 Shares of HBT Financial, Inc. (NASDAQ:HBT) Stock

HBT Financial, Inc. (NASDAQ:HBT) Chairman Fred L. Drake sold 2,200 shares of HBT Financial stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $23.86, for a total value of $52,492.00. Following the sale, the chairman now owns 91,470 shares of the company’s stock, valued at approximately $2,182,474.20. This trade represents a 2.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

HBT Financial Trading Up 1.8 %

Shares of HBT opened at $24.30 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82. HBT Financial, Inc. has a fifty-two week low of $17.75 and a fifty-two week high of $25.35. The firm has a 50 day moving average price of $22.51 and a 200-day moving average price of $21.36. The firm has a market cap of $766.91 million, a price-to-earnings ratio of 11.05 and a beta of 0.86.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings data on Monday, October 21st. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $56.44 million for the quarter, compared to the consensus estimate of $57.05 million. HBT Financial had a return on equity of 14.70% and a net margin of 24.68%. As a group, equities research analysts forecast that HBT Financial, Inc. will post 2.33 earnings per share for the current year.

HBT Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Monday, November 4th. HBT Financial’s dividend payout ratio (DPR) is presently 34.55%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HBT. FMR LLC grew its stake in shares of HBT Financial by 70.1% in the third quarter. FMR LLC now owns 4,329 shares of the company’s stock worth $95,000 after purchasing an additional 1,784 shares during the last quarter. SG Americas Securities LLC purchased a new stake in HBT Financial in the 3rd quarter worth approximately $122,000. GSA Capital Partners LLP bought a new stake in shares of HBT Financial in the 3rd quarter worth approximately $251,000. Hsbc Holdings PLC increased its stake in shares of HBT Financial by 3.8% during the second quarter. Hsbc Holdings PLC now owns 14,605 shares of the company’s stock valued at $287,000 after buying an additional 541 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of HBT Financial during the third quarter valued at approximately $295,000. Institutional investors own 78.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HBT shares. DA Davidson lowered shares of HBT Financial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $26.00 to $24.00 in a research report on Wednesday, September 25th. Piper Sandler dropped their price objective on shares of HBT Financial from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $24.40.

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.