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

HBT Financial, Inc. (NASDAQ:HBT) Chairman Fred L. Drake sold 2,500 shares of the 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 in the company, valued at approximately $1,715,908.70. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

HBT Financial Price Performance

Shares of NASDAQ:HBT opened at $23.39 on Tuesday. The company has a market cap of $738.17 million, a P/E ratio of 10.63 and a beta of 0.87. The business has a fifty day simple moving average of $23.10 and a 200-day simple moving average of $21.87. HBT Financial, Inc. has a 52 week low of $17.75 and a 52 week high of $25.35. 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 posted its quarterly earnings results on Monday, October 21st. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $56.44 million during the quarter, compared to analysts’ expectations of $57.05 million. HBT Financial had a return on equity of 14.70% and a net margin of 24.68%. Equities research analysts forecast that HBT Financial, Inc. will post 2.33 EPS for the current year.

HBT Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Monday, November 4th. HBT Financial’s dividend payout ratio (DPR) is 34.55%.

Hedge Funds Weigh In On HBT Financial

A number of hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC raised its position in shares of HBT Financial by 19.0% in the 2nd quarter. Acadian Asset Management LLC now owns 95,606 shares of the company’s stock worth $1,949,000 after buying an additional 15,242 shares during the period. LSV Asset Management increased its stake in HBT Financial by 1,082.5% during the second 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 during the last quarter. American Century Companies Inc. increased its stake in HBT Financial by 5.1% during the second quarter. American Century Companies Inc. now owns 119,698 shares of the company’s stock worth $2,444,000 after acquiring an additional 5,859 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of HBT Financial by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 406,456 shares of the company’s stock worth $8,298,000 after purchasing an additional 26,135 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of HBT Financial by 109.9% in the 2nd quarter. Renaissance Technologies LLC now owns 27,500 shares of the company’s stock valued at $562,000 after purchasing an additional 14,400 shares in the last quarter. Institutional investors and hedge funds own 78.55% of the company’s stock.

Analyst Ratings Changes

HBT has been the topic of several recent research reports. Piper Sandler reduced their price objective on HBT Financial from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. 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, DA Davidson cut shares of HBT Financial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $26.00 to $24.00 in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.