HBT Financial, Inc. (NASDAQ:HBT) Chairman Fred L. Drake Sells 4,798 Shares

HBT Financial, Inc. (NASDAQ:HBT) Chairman Fred L. Drake sold 4,798 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $23.92, for a total transaction of $114,768.16. Following the completion of the transaction, the chairman now directly owns 86,672 shares in the company, valued at $2,073,194.24. The trade was a 5.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

HBT Financial Stock Performance

Shares of HBT Financial stock opened at $24.30 on Friday. The firm has a market capitalization of $766.91 million, a P/E ratio of 11.05 and a beta of 0.86. HBT Financial, Inc. has a 52 week low of $17.75 and a 52 week high of $25.35. The firm’s 50 day moving average is $22.51 and its two-hundred day moving average is $21.34. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20.

HBT Financial (NASDAQ:HBT) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $56.44 million during 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%. Research analysts forecast that HBT Financial, Inc. will post 2.33 EPS for the current fiscal year.

HBT Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Monday, November 4th. HBT Financial’s payout ratio is currently 34.55%.

Institutional Investors Weigh In On HBT Financial

Hedge funds have recently modified their holdings of the stock. Cetera Advisors LLC acquired a new stake in shares of HBT Financial during the first quarter worth $6,497,000. Rosenthal Henry Capital Advisors Inc. acquired a new stake in shares of HBT Financial during the third quarter worth $930,000. Dimensional Fund Advisors LP lifted its holdings in shares of HBT Financial by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 406,456 shares of the company’s stock worth $8,298,000 after purchasing an additional 26,135 shares during the period. LSV Asset Management lifted its holdings in shares of HBT Financial by 1,082.5% during the second quarter. LSV Asset Management now owns 113,808 shares of the company’s stock worth $2,324,000 after purchasing an additional 104,184 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings 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 worth $287,000 after purchasing an additional 541 shares during the period. 78.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HBT has been the topic of a number of recent research reports. Piper Sandler cut their price target on shares of HBT Financial from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. DA Davidson lowered shares of HBT Financial from a “buy” rating to a “neutral” rating and cut their target price for the stock 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 issued a buy rating to the company. According to MarketBeat, HBT Financial presently has a consensus 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.