HBT Financial, Inc. (NASDAQ:HBT) Chairman Fred L. Drake Sells 5,000 Shares

HBT Financial, Inc. (NASDAQ:HBT) Chairman Fred L. Drake sold 5,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $24.89, for a total transaction of $124,450.00. Following the sale, the chairman now owns 73,670 shares of the company’s stock, valued at approximately $1,833,646.30. The trade was a 6.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

HBT Financial Stock Performance

Shares of NASDAQ:HBT opened at $24.12 on Wednesday. The company has a market cap of $761.23 million, a price-to-earnings ratio of 10.96 and a beta of 0.86. The company has a 50-day moving average price of $22.58 and a 200-day moving average price of $21.45. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20. HBT Financial, Inc. has a 12 month low of $17.75 and a 12 month high of $25.35.

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

HBT Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date was Monday, November 4th. HBT Financial’s payout ratio is currently 34.55%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On HBT Financial

Institutional investors have recently bought and sold shares of the stock. FMR LLC raised its stake in 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 buying an additional 1,784 shares in the last quarter. SG Americas Securities LLC bought a new position in HBT Financial in the third quarter worth about $122,000. GSA Capital Partners LLP bought a new position in HBT Financial in the third quarter worth about $251,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in HBT Financial in the third quarter worth about $295,000. Finally, Hsbc Holdings PLC grew its holdings in HBT Financial by 3.8% in the second quarter. Hsbc Holdings PLC now owns 14,605 shares of the company’s stock worth $287,000 after purchasing an additional 541 shares during the period. 78.55% of the stock is owned by institutional investors.

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.