HBT Financial, Inc. (NASDAQ:HBT) Chairman Fred L. Drake Sells 2,200 Shares

HBT Financial, Inc. (NASDAQ:HBT) Chairman Fred L. Drake sold 2,200 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $23.86, for a total transaction of $52,492.00. Following the completion of the sale, the chairman now directly owns 91,470 shares of the company’s stock, valued at $2,182,474.20. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

HBT Financial Price Performance

Shares of HBT stock opened at $24.30 on Friday. The firm has a market cap of $766.91 million, a P/E ratio of 11.05 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.82. HBT Financial, Inc. has a 1-year low of $17.75 and a 1-year high of $25.35. The firm has a fifty day moving average of $22.51 and a two-hundred day moving average of $21.34.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings data on Monday, October 21st. The company reported $0.61 earnings per share for the quarter, topping 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 analyst estimates of $57.05 million. As a group, research analysts anticipate that HBT Financial, Inc. will post 2.33 earnings per share for the current fiscal year.

HBT Financial Announces Dividend

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

Institutional Trading of HBT Financial

Several hedge funds have recently bought and sold shares of the company. FMR LLC raised its position in shares of HBT Financial by 70.1% during the 3rd quarter. FMR LLC now owns 4,329 shares of the company’s stock worth $95,000 after buying an additional 1,784 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of HBT Financial during the 3rd quarter worth about $122,000. GSA Capital Partners LLP acquired a new stake in HBT Financial during the third quarter valued at approximately $251,000. Hsbc Holdings PLC lifted its stake in HBT Financial by 3.8% during the second 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 last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in HBT Financial during the third quarter valued at approximately $295,000. 78.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. DA Davidson lowered shares of HBT Financial from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $26.00 to $24.00 in a research report on Wednesday, September 25th. Piper Sandler lowered 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, HBT Financial presently has a consensus rating of “Hold” and a consensus price target 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.