Insider Selling: HBT Financial, Inc. (NASDAQ:HBT) Chairman Sells 2,500 Shares of Stock

HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) Chairman Fred L. Drake sold 2,500 shares of HBT Financial stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $24.11, for a total transaction of $60,275.00. Following the transaction, 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 document filed with the SEC, which is available through this hyperlink.

HBT Financial Price Performance

NASDAQ:HBT traded down $0.06 during trading hours on Monday, hitting $23.39. The stock had a trading volume of 17,503 shares, compared to its average volume of 29,046. HBT Financial, Inc. has a one year low of $17.75 and a one year high of $25.35. The company has a 50 day simple moving average of $23.05 and a two-hundred day simple moving average of $21.84. The firm has a market capitalization of $738.17 million, a price-to-earnings ratio of 10.66 and a beta of 0.87. 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 (NASDAQ:HBT - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. HBT Financial had a return on equity of 14.70% and a net margin of 24.68%. The firm had revenue of $56.44 million during the quarter, compared to analysts' expectations of $57.05 million. Research analysts forecast that HBT Financial, Inc. will post 2.33 earnings per share for the current fiscal year.

HBT Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were issued 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 is presently 34.55%.

Institutional Investors Weigh In On HBT Financial

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Piper Sandler dropped their target price on shares of HBT Financial from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, October 22nd. DA Davidson lowered shares of HBT Financial from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $26.00 to $24.00 in a research note on Wednesday, September 25th. Finally, Keefe, Bruyette & Woods increased their target price on shares of HBT Financial from $25.00 to $27.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, HBT Financial presently has a consensus rating of "Hold" and an average target price of $24.40.

HBT Financial Company Profile

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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