HBT Financial, Inc. (NASDAQ:HBT) Chairman Sells $60,275.00 in Stock

HBT Financial, Inc. (NASDAQ:HBT) Chairman Fred L. Drake sold 2,500 shares of HBT Financial stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $24.11, for a total value of $60,275.00. Following the completion of the sale, the chairman now directly owns 71,170 shares of the company’s stock, valued at approximately $1,715,908.70. The trade was a 3.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

HBT Financial Stock Performance

Shares of NASDAQ:HBT traded down $0.06 during midday trading on Monday, hitting $23.39. The company had a trading volume of 17,503 shares, compared to its average volume of 29,046. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $738.17 million, a price-to-earnings ratio of 10.66 and a beta of 0.87. HBT Financial, Inc. has a 12-month low of $17.75 and a 12-month high of $25.35. The company has a fifty day moving average of $23.05 and a two-hundred day moving average of $21.84.

HBT Financial (NASDAQ:HBT) last posted 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 during the quarter, compared to analyst estimates of $57.05 million. HBT Financial had a return on equity of 14.70% and a net margin of 24.68%. On average, equities research analysts expect that HBT Financial, Inc. will post 2.33 EPS for the current fiscal year.

HBT Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.25%. The ex-dividend date was Monday, November 4th. HBT Financial’s dividend payout ratio is currently 34.55%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of HBT Financial by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 406,456 shares of the company’s stock valued at $8,298,000 after purchasing an additional 26,135 shares during the last quarter. Geode Capital Management LLC raised its position in HBT Financial by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 309,110 shares of the company’s stock worth $6,764,000 after purchasing an additional 1,989 shares during the period. State Street Corp raised its position in HBT Financial by 1.6% in the 3rd quarter. State Street Corp now owns 251,438 shares of the company’s stock worth $5,501,000 after purchasing an additional 3,874 shares during the period. American Century Companies Inc. raised its position in HBT Financial by 5.1% in the 2nd quarter. American Century Companies Inc. now owns 119,698 shares of the company’s stock worth $2,444,000 after purchasing an additional 5,859 shares during the period. Finally, LSV Asset Management raised its position in HBT Financial by 1,082.5% in the 2nd 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. Institutional investors own 78.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HBT. Piper Sandler reduced their target price on HBT Financial from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their price objective on HBT Financial from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, DA Davidson lowered HBT Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $26.00 to $24.00 in a research note on Wednesday, September 25th. 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 data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $24.40.

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.