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 firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $23.92, for a total value of $114,768.16. Following the completion of the transaction, the chairman now owns 86,672 shares in the company, valued at $2,073,194.24. This represents a 5.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

HBT Financial Price Performance

Shares of HBT opened at $24.30 on Monday. The stock has a 50 day simple moving average of $22.51 and a 200 day simple moving average of $21.37. HBT Financial, Inc. has a 52-week low of $17.75 and a 52-week high of $25.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $766.91 million, a PE ratio of 11.05 and a beta of 0.86.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings results 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. 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 analysts’ expectations of $57.05 million. Sell-side analysts predict that HBT Financial, Inc. will post 2.33 EPS for the current fiscal year.

HBT Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Monday, November 4th. HBT Financial’s dividend payout ratio (DPR) is presently 34.55%.

Institutional Trading of HBT Financial

Institutional investors have recently modified their holdings of the company. FMR LLC raised its position in HBT Financial by 70.1% in the 3rd quarter. FMR LLC now owns 4,329 shares of the company’s stock valued at $95,000 after buying an additional 1,784 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of HBT Financial during the 3rd quarter worth approximately $122,000. GSA Capital Partners LLP acquired a new stake in shares of HBT Financial in the third quarter valued at approximately $251,000. Hsbc Holdings PLC lifted its position in shares of 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of HBT Financial in the third quarter worth $295,000. 78.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HBT has been the topic of several recent analyst reports. DA Davidson cut shares of HBT Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $26.00 to $24.00 in a report on Wednesday, September 25th. Piper Sandler reduced 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 report on Tuesday, October 22nd. One investment 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.