HBT Financial (NASDAQ:HBT) PT Raised to $21.50 at Piper Sandler

HBT Financial (NASDAQ:HBT) had its price objective boosted by Piper Sandler from $21.00 to $21.50 in a report released on Tuesday, Benzinga reports. The firm currently has a neutral rating on the stock.

Separately, JPMorgan Chase & Co. upped their target price on shares of HBT Financial from $21.00 to $22.00 and gave the stock an underweight rating in a research note on Tuesday.

HBT Financial Price Performance

HBT opened at $18.94 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.21. HBT Financial has a 12 month low of $16.33 and a 12 month high of $21.87. The company has a fifty day simple moving average of $18.96 and a 200 day simple moving average of $19.34. The stock has a market cap of $598.69 million, a P/E ratio of 9.11 and a beta of 0.86.

HBT Financial (NASDAQ:HBT) last announced its earnings results on Wednesday, January 24th. The company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $70.62 million during the quarter, compared to analyst estimates of $57.78 million. HBT Financial had a net margin of 24.84% and a return on equity of 16.93%. During the same period in the prior year, the business earned $0.62 EPS. On average, research analysts expect that HBT Financial will post 2.24 EPS for the current year.

Insider Buying and Selling

In related news, Director Roger A. Baker bought 1,888 shares of HBT Financial stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average cost of $18.68 per share, with a total value of $35,267.84. Following the purchase, the director now owns 555,980 shares in the company, valued at $10,385,706.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other HBT Financial news, Director Roger A. Baker acquired 1,888 shares of HBT Financial stock in a transaction dated Wednesday, February 7th. The stock was bought at an average cost of $18.68 per share, for a total transaction of $35,267.84. Following the purchase, the director now directly owns 555,980 shares in the company, valued at approximately $10,385,706.40. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Roger A. Baker acquired 3,632 shares of HBT Financial stock in a transaction dated Thursday, February 22nd. The shares were acquired at an average price of $18.86 per share, with a total value of $68,499.52. Following the completion of the purchase, the director now owns 559,804 shares in the company, valued at $10,557,903.44. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 5,820 shares of company stock valued at $109,417. Company insiders own 58.60% of the company’s stock.

Hedge Funds Weigh In On HBT Financial

A number of large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its stake in shares of HBT Financial by 70.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock worth $54,000 after buying an additional 1,062 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of HBT Financial by 40.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock worth $1,420,000 after buying an additional 19,440 shares during the last quarter. Meredith Wealth Planning acquired a new position in shares of HBT Financial during the 4th quarter worth about $203,000. Assenagon Asset Management S.A. acquired a new stake in HBT Financial in the 4th quarter valued at about $1,010,000. Finally, SG Americas Securities LLC lifted its stake in HBT Financial by 36.6% in the 4th quarter. SG Americas Securities LLC now owns 9,029 shares of the company’s stock valued at $191,000 after purchasing an additional 2,418 shares during the last quarter. 78.55% of the stock is currently owned by institutional investors and hedge funds.

About HBT Financial

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.