In a recent transaction on May 1, 2024, Peter Robert Chapman, the Executive Vice President and Chief Financial Officer of HBT Financial, Inc. (NASDAQ:HBT), purchased shares of the company's common stock. The transaction involved Chapman acquiring 1,100 shares at a price of $18.93 per share, amounting to a total investment of $20,823.
The acquisition of shares by a high-ranking executive such as the EVP & CFO is often seen as a noteworthy event by the investment community, as it reflects the confidence of management in the prospects of the company. Following this purchase, Chapman's total holdings in HBT Financial have increased to 25,141 shares of common stock.
HBT Financial, Inc. is a financial institution that operates primarily within the state commercial banks sector, and this recent purchase by one of its top executives may be of interest to current and potential investors. As with any insider transactions, the details provide a glimpse into the actions of those who are closely involved with the company's operations and strategic direction.
It's important for investors to consider such transactions in the broader context of their investment strategy and the company's performance. HBT Financial, Inc. has not released any additional remarks regarding this transaction.
InvestingPro Insights
Following the insider purchase by Peter Robert Chapman, investors may find additional context in the financial metrics and analysis provided by InvestingPro. HBT Financial, Inc. (NASDAQ:HBT) shows a promising P/E ratio of 8.42, which is adjusted to 8.87 when considering the last twelve months as of Q1 2024. This favorable P/E ratio, particularly when paired with the company's near-term earnings growth, indicates that the stock could be trading at a discount relative to its earnings potential.
Despite a recent downward revision in earnings by two analysts for the upcoming period, HBT Financial has been profitable over the last twelve months, which aligns with the confidence shown by the EVP & CFO's recent stock purchase. Moreover, the company boasts a high shareholder yield, which may appeal to investors seeking income in addition to growth.
InvestingPro Tips suggest that while HBT Financial suffers from weak gross profit margins, analysts predict the company will be profitable this year. Additionally, the company's revenue has grown by 12.77% in the last twelve months as of Q1 2024, although it experienced a quarterly revenue decline of -4.08% in Q1 2024. Investors considering HBT Financial should note these mixed signals and may benefit from the comprehensive analysis available on InvestingPro. For more insights, there are additional InvestingPro Tips available on their platform.
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