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 HBT Financial stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $24.89, for a total value of $124,450.00. Following the completion of the sale, the chairman now directly owns 73,670 shares of the company’s stock, valued at approximately $1,833,646.30. This trade represents a 6.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

HBT Financial Price Performance

HBT Financial stock traded down $0.26 during midday trading on Tuesday, hitting $24.50. 1,030 shares of the company’s stock were exchanged, compared to its average volume of 28,888. 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 stock has a 50-day moving average price of $22.55 and a two-hundred day moving average price of $21.41. The company has a market cap of $773.22 million, a P/E ratio of 11.25 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.

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. HBT Financial had a net margin of 24.68% and a return on equity of 14.70%. The firm had revenue of $56.44 million for the quarter, compared to analysts’ expectations of $57.05 million. On average, equities research analysts forecast that HBT Financial, Inc. will post 2.33 earnings per share for the current year.

HBT Financial Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Monday, November 4th. HBT Financial’s payout ratio is currently 34.55%.

Analyst Ratings Changes

A number of equities analysts have weighed in on HBT shares. 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 report on Wednesday, September 25th. Piper Sandler reduced their price objective on shares of HBT Financial from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.40.

Hedge Funds Weigh In On HBT Financial

A number of large investors have recently modified their holdings of the company. FMR LLC boosted its position in HBT Financial by 70.1% during the third 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 period. SG Americas Securities LLC purchased a new stake in HBT Financial during the 3rd quarter valued at about $122,000. GSA Capital Partners LLP bought a new position in HBT Financial during the 3rd quarter worth approximately $251,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in HBT Financial in the 3rd quarter worth approximately $295,000. Finally, Hsbc Holdings PLC increased its stake in HBT Financial by 3.8% in the 2nd 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 hedge funds and other institutional investors.

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.