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

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

HBT Financial Stock Performance

Shares of HBT traded up $0.09 during trading hours on Thursday, hitting $23.74. The company had a trading volume of 79,618 shares, compared to its average volume of 26,837. The firm has a market cap of $749.95 million, a price-to-earnings ratio of 10.46 and a beta of 0.87. The business has a fifty day moving average of $20.11 and a 200-day moving average of $19.52. HBT Financial, Inc. has a 12 month low of $17.42 and a 12 month high of $24.85. 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 (NASDAQ:HBT) last released its quarterly earnings results on Monday, July 22nd. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. HBT Financial had a net margin of 25.61% and a return on equity of 15.76%. The business had revenue of $72.43 million for the quarter, compared to analyst estimates of $56.82 million. During the same period last year, the firm earned $0.58 earnings per share. Equities analysts anticipate that HBT Financial, Inc. will post 2.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On HBT Financial

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in HBT Financial by 0.8% during the first quarter. Vanguard Group Inc. now owns 626,575 shares of the company’s stock worth $11,930,000 after buying an additional 5,183 shares in the last quarter. Cetera Advisors LLC acquired a new stake in HBT Financial during the first quarter worth about $6,497,000. Los Angeles Capital Management LLC grew its stake 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 worth $1,420,000 after buying an additional 19,440 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in HBT Financial during the fourth quarter worth about $1,010,000. Finally, LSV Asset Management acquired a new stake in HBT Financial during the first quarter worth about $183,000. 78.55% of the stock is currently owned by institutional investors and hedge funds.

About HBT Financial

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.