HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) Chairman Fred L. Drake sold 5,055 shares of HBT Financial stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $24.81, for a total transaction of $125,414.55. Following the completion of the sale, the chairman now owns 53,615 shares of the company's stock, valued at $1,330,188.15. This trade represents a 8.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
HBT Financial Stock Performance
Shares of NASDAQ:HBT traded down $0.54 during trading on Friday, hitting $24.32. 78,955 shares of the stock traded hands, compared to its average volume of 31,308. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. The company has a market cap of $767.54 million, a price-to-earnings ratio of 10.76 and a beta of 0.88. The company has a fifty day moving average price of $22.85 and a two-hundred day moving average price of $22.49. HBT Financial, Inc. has a 52-week low of $17.75 and a 52-week high of $25.35.
HBT Financial (NASDAQ:HBT - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. HBT Financial had a net margin of 24.99% and a return on equity of 14.57%. As a group, equities analysts predict that HBT Financial, Inc. will post 2.34 EPS for the current year.
HBT Financial Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.45%. This is a positive change from HBT Financial's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, February 4th. HBT Financial's payout ratio is 33.63%.
HBT Financial announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 18th that authorizes the company to repurchase $15.00 million in shares. This repurchase authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.
Institutional Investors Weigh In On HBT Financial
Several institutional investors and hedge funds have recently added to or reduced their stakes in HBT. Dimensional Fund Advisors LP increased its holdings in 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 acquiring an additional 26,135 shares in the last quarter. Renaissance Technologies LLC increased its holdings in HBT Financial by 109.9% in the 2nd quarter. Renaissance Technologies LLC now owns 27,500 shares of the company's stock worth $562,000 after acquiring an additional 14,400 shares in the last quarter. Hsbc Holdings PLC increased its holdings 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 acquiring an additional 541 shares in the last quarter. SG Americas Securities LLC acquired a new stake in HBT Financial during the 3rd quarter worth $122,000. Finally, Assenagon Asset Management S.A. boosted its stake in HBT Financial by 93.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 46,800 shares of the company's stock worth $1,024,000 after purchasing an additional 22,618 shares during the last quarter. Hedge funds and other institutional investors own 78.55% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have commented on HBT shares. Piper Sandler decreased their price objective on shares of HBT Financial from $27.00 to $26.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Keefe, Bruyette & Woods lifted their price objective on shares of HBT Financial from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. One research 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. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $24.80.
Check Out Our Latest Stock Report on HBT
HBT Financial Company Profile
(
Get Free Report)
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.
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