HBT Financial (NASDAQ:HBT) CEO Fred L. Drake purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were purchased at an average cost of $12.35 per share, with a total value of $61,750.00. Following the purchase, the chief executive officer now directly owns 12,000 shares in the company, valued at $148,200. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of HBT stock opened at $12.02 on Friday. The firm has a 50-day moving average price of $12.57 and a 200 day moving average price of $13.75. HBT Financial has a twelve month low of $9.11 and a twelve month high of $20.71. The company has a market capitalization of $330.03 million and a price-to-earnings ratio of 5.51. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11.

HBT Financial (NASDAQ:HBT) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. HBT Financial had a net margin of 28.66% and a return on equity of 14.72%. The company had revenue of $36.97 million during the quarter, compared to the consensus estimate of $37.00 million. As a group, research analysts predict that HBT Financial will post 1.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date is Monday, August 10th. HBT Financial’s dividend payout ratio is currently 17.49%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Trust Advisors LP acquired a new position in shares of HBT Financial during the 2nd quarter valued at about $144,000. State Street Corp increased its stake in shares of HBT Financial by 168.3% during the 1st quarter. State Street Corp now owns 193,218 shares of the company’s stock valued at $2,035,000 after acquiring an additional 121,191 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of HBT Financial by 191.0% during the 1st quarter. Meeder Asset Management Inc. now owns 6,845 shares of the company’s stock valued at $71,000 after acquiring an additional 4,493 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of HBT Financial by 810.2% during the 1st quarter. Wells Fargo & Company MN now owns 7,527 shares of the company’s stock valued at $79,000 after acquiring an additional 6,700 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of HBT Financial by 5.6% during the 1st quarter. Geode Capital Management LLC now owns 135,995 shares of the company’s stock valued at $1,432,000 after acquiring an additional 7,272 shares during the last quarter. 32.17% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on the company. Zacks Investment Research raised HBT Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, July 8th. Raymond James boosted their target price on shares of HBT Financial from $13.00 to $13.50 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, ValuEngine downgraded shares of HBT Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.75.

HBT Financial Company Profile

HBT Financial, Inc operates as the bank holding company for Heartland Bank and Lincoln Bank that provides business, commercial, and retail banking products and services to businesses, families, and local governments throughout Central and Northeastern Illinois. The company offers checking, saving, and retirement accounts, as well as demand and time deposits.

Further Reading: Profit margin is different from the revenue

Insider Buying and Selling by Quarter for HBT Financial (NASDAQ:HBT)

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