HBT Financial (NASDAQ:HBT) Sees Large Decline in Short Interest

HBT Financial (NASDAQ:HBT) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 58,600 shares, a decrease of 36.9% from the June 15th total of 92,900 shares. Based on an average trading volume of 68,200 shares, the short-interest ratio is presently 0.9 days. Currently, 0.6% of the company’s stock are sold short.

Several equities research analysts have recently commented on HBT shares. Raymond James lifted their price objective on shares of HBT Financial from $13.00 to $13.50 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Zacks Investment Research downgraded shares of HBT Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, April 28th. Finally, ValuEngine downgraded shares of HBT Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.75.

NASDAQ HBT traded down $0.06 on Friday, reaching $12.51. 12,533 shares of the company’s stock traded hands, compared to its average volume of 41,315. The firm has a market cap of $343.49 million and a price-to-earnings ratio of 3.65. The stock has a 50 day moving average price of $12.87 and a 200-day moving average price of $14.64. HBT Financial has a fifty-two week low of $9.11 and a fifty-two week high of $20.71. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86.

HBT Financial (NASDAQ:HBT) last posted its earnings results on Thursday, April 30th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). The company had revenue of $35.91 million for the quarter, compared to the consensus estimate of $38.90 million. As a group, equities research analysts anticipate that HBT Financial will post 1.25 EPS for the current fiscal year.

In other news, CEO Fred L. Drake purchased 10,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were acquired at an average cost of $12.18 per share, with a total value of $121,800.00. Following the completion of the acquisition, the chief executive officer now owns 12,000 shares of the company’s stock, valued at $146,160. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gerald E. Pfeiffer purchased 3,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was purchased at an average cost of $13.17 per share, for a total transaction of $39,510.00. Insiders have purchased 35,500 shares of company stock valued at $407,460 in the last three months.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC purchased a new position in HBT Financial in the fourth quarter valued at $13,497,000. Banc Funds Co. LLC purchased a new position in HBT Financial in the fourth quarter valued at $11,092,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in HBT Financial in the fourth quarter valued at $7,877,000. Endeavour Capital Advisors Inc. purchased a new position in HBT Financial in the fourth quarter valued at $6,976,000. Finally, Alliancebernstein L.P. purchased a new position in HBT Financial in the fourth quarter valued at $5,683,000. Institutional investors own 32.17% of the company’s stock.

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.

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