HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) Chairman Fred L. Drake sold 2,200 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $23.86, for a total transaction of $52,492.00. Following the sale, the chairman now owns 91,470 shares in the company, valued at $2,182,474.20. This represents a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
HBT Financial Stock Performance
Shares of HBT opened at $24.30 on Friday. The company's fifty day moving average is $22.51 and its 200-day moving average is $21.34. HBT Financial, Inc. has a 12 month low of $17.75 and a 12 month high of $25.35. The firm has a market cap of $766.91 million, a price-to-earnings ratio of 11.05 and a beta of 0.86. 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 posted its quarterly earnings data on Monday, October 21st. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $56.44 million during 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%. Equities analysts expect that HBT Financial, Inc. will post 2.33 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Monday, November 4th. HBT Financial's dividend payout ratio (DPR) is presently 34.55%.
Institutional Trading of HBT Financial
A number of hedge funds have recently bought and sold shares of the stock. Barclays PLC boosted its holdings in HBT Financial by 43.5% in the 3rd quarter. Barclays PLC now owns 57,000 shares of the company's stock valued at $1,247,000 after purchasing an additional 17,266 shares during the period. Geode Capital Management LLC boosted its holdings in HBT Financial by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 309,110 shares of the company's stock valued at $6,764,000 after purchasing an additional 1,989 shares during the period. State Street Corp boosted 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 purchasing an additional 3,874 shares during the period. Martingale Asset Management L P boosted its holdings in HBT Financial by 23.2% in the 3rd quarter. Martingale Asset Management L P now owns 29,725 shares of the company's stock valued at $650,000 after purchasing an additional 5,600 shares during the period. Finally, FMR LLC raised its stake in shares of HBT Financial by 70.1% in 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. 78.55% of the stock is owned by institutional investors.
Analysts Set New Price Targets
HBT has been the topic of several research reports. Piper Sandler dropped their price objective on shares of HBT Financial from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 22nd. DA Davidson lowered shares of HBT Financial from a "buy" rating to a "neutral" rating and dropped their price objective for the company 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 given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $24.40.
Get Our Latest Stock Analysis on HBT
About HBT Financial
(
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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