Fred L. Drake Sells 2,500 Shares of HBT Financial, Inc. (NASDAQ:HBT) Stock

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

HBT Financial Stock Down 1.4 %

HBT stock opened at $23.06 on Wednesday. The business’s 50-day moving average price is $23.13 and its 200-day moving average price is $21.90. The stock has a market cap of $727.75 million, a P/E ratio of 10.48 and a beta of 0.87. 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, Inc. has a twelve month low of $17.75 and a twelve month high of $25.35.

HBT Financial (NASDAQ:HBT) last issued 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. The business had revenue of $56.44 million for the quarter, compared to the consensus estimate of $57.05 million. HBT Financial had a net margin of 24.68% and a return on equity of 14.70%. On average, equities research 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. Investors of record on Monday, November 4th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.30%. The ex-dividend date was Monday, November 4th. HBT Financial’s dividend payout ratio is currently 34.55%.

Analyst Ratings Changes

HBT has been the subject of a number of recent research reports. DA Davidson downgraded HBT Financial from a “buy” rating to a “neutral” rating and cut their price target for the company from $26.00 to $24.00 in a research note on Wednesday, September 25th. Keefe, Bruyette & Woods upped their target price on shares of HBT Financial from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, Piper Sandler decreased 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 given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.40.

Institutional Investors Weigh In On HBT Financial

Institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC grew its holdings in HBT Financial by 3.8% during the 2nd quarter. Hsbc Holdings PLC now owns 14,605 shares of the company’s stock valued at $287,000 after buying an additional 541 shares in the last quarter. FMR LLC boosted its position in shares of HBT Financial by 70.1% during the third quarter. FMR LLC now owns 4,329 shares of the company’s stock worth $95,000 after acquiring an additional 1,784 shares during the last quarter. Geode Capital Management LLC grew its stake in HBT Financial by 0.6% during the third quarter. Geode Capital Management LLC now owns 309,110 shares of the company’s stock valued at $6,764,000 after acquiring an additional 1,989 shares in the last quarter. State Street Corp increased its holdings in HBT Financial by 1.6% in the 3rd quarter. State Street Corp now owns 251,438 shares of the company’s stock valued at $5,501,000 after acquiring an additional 3,874 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in HBT Financial in the 3rd quarter worth $122,000. Hedge funds and other institutional investors own 78.55% of the company’s stock.

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.