HBT Financial, Inc. (NASDAQ:HBT) Chairman Sells $150,625.65 in Stock

HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) Chairman Fred L. Drake sold 5,845 shares of HBT Financial stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $25.77, for a total value of $150,625.65. Following the transaction, the chairman now owns 37,825 shares in the company, valued at $974,750.25. This trade represents a 13.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

HBT Financial Trading Up 2.5 %

Shares of HBT stock traded up $0.61 during trading hours on Thursday, hitting $25.14. 91,323 shares of the company's stock traded hands, compared to its average volume of 40,139. The stock's 50 day simple moving average is $22.98 and its 200 day simple moving average is $22.56. HBT Financial, Inc. has a 12 month low of $18.00 and a 12 month high of $26.25. The stock has a market cap of $793.42 million, a PE ratio of 11.12 and a beta of 0.89. 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 - Get Free Report) last released its quarterly earnings data 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%. On average, sell-side analysts anticipate that HBT Financial, Inc. will post 2.34 EPS for the current year.

HBT Financial announced that its board has approved a stock buyback plan on Wednesday, December 18th that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

HBT Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were given a $0.21 dividend. This is a boost from HBT Financial's previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, February 4th. This represents a $0.84 annualized dividend and a yield of 3.34%. HBT Financial's dividend payout ratio (DPR) is presently 37.17%.

Wall Street Analysts Forecast Growth

HBT has been the subject of several recent research reports. Piper Sandler reduced their price target on HBT Financial from $27.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Keefe, Bruyette & Woods raised their target price on shares of HBT Financial from $25.00 to $27.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. One 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $24.80.

Hedge Funds Weigh In On HBT Financial

Several hedge funds have recently modified their holdings of HBT. Rosenthal Henry Capital Advisors Inc. bought a new position in shares of HBT Financial during the 3rd quarter valued at approximately $930,000. FMR LLC raised its holdings 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 acquiring an additional 1,784 shares during the period. Barclays PLC boosted its holdings in shares of HBT Financial by 43.5% in the third quarter. Barclays PLC now owns 57,000 shares of the company's stock worth $1,247,000 after acquiring an additional 17,266 shares during the period. State Street Corp lifted its holdings in HBT Financial by 1.6% during the 3rd quarter. State Street Corp now owns 251,438 shares of the company's stock worth $5,501,000 after purchasing an additional 3,874 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of HBT Financial by 0.6% in the third quarter. Geode Capital Management LLC now owns 309,110 shares of the company's stock worth $6,764,000 after buying an additional 1,989 shares in the last quarter. Institutional investors own 78.55% of the company's stock.

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.