HBT Financial, Inc. (NASDAQ:HBT) Chairman Sells $124,450.00 in Stock

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

HBT Financial Stock Performance

Shares of HBT Financial stock opened at $23.94 on Friday. The stock has a market cap of $755.55 million, a price-to-earnings ratio of 10.88 and a beta of 0.86. HBT Financial, Inc. has a twelve month low of $17.75 and a twelve month high of $25.35. The company’s fifty day moving average is $22.61 and its 200 day moving average is $21.48. 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 released its quarterly earnings results on Monday, October 21st. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $56.44 million for 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%. Sell-side analysts forecast that HBT Financial, Inc. will post 2.33 EPS for the current year.

HBT Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Monday, November 4th. HBT Financial’s dividend payout ratio is presently 34.55%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HBT. 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 HBT Financial during the 3rd quarter worth about $930,000. Dimensional Fund Advisors LP grew its holdings in HBT Financial by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 406,456 shares of the company’s stock worth $8,298,000 after acquiring an additional 26,135 shares during the period. LSV Asset Management raised its position in shares of 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 acquiring an additional 104,184 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of HBT Financial by 3.8% in the 2nd quarter. Hsbc Holdings PLC now owns 14,605 shares of the company’s stock valued at $287,000 after purchasing an additional 541 shares during the period. Institutional investors own 78.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HBT shares. Piper Sandler cut their price objective on HBT Financial from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. DA Davidson cut HBT Financial from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $26.00 to $24.00 in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, HBT Financial presently has a consensus rating of “Hold” and an average 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.