HBT Financial, Inc. (NASDAQ:HBT) Given Average Recommendation of “Hold” by Brokerages

HBT Financial, Inc. (NASDAQ:HBT) has earned an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $24.75.

HBT has been the subject of a number of analyst reports. Hovde Group initiated coverage on shares of HBT Financial in a research report on Thursday, March 27th. They issued a “market perform” rating and a $24.50 price target for the company. Piper Sandler cut their target price on HBT Financial from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, January 24th.

HBT Financial Stock Performance

HBT opened at $21.99 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.82. The business has a fifty day simple moving average of $23.18 and a 200 day simple moving average of $23.01. HBT Financial has a 1 year low of $18.16 and a 1 year high of $26.25. The company has a market capitalization of $695.57 million, a PE ratio of 9.73 and a beta of 0.62.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. HBT Financial had a net margin of 24.99% and a return on equity of 14.57%. Research analysts expect that HBT Financial will post 2.34 EPS for the current year.

HBT Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.82%. This is a boost from HBT Financial’s previous quarterly dividend of $0.19. HBT Financial’s payout ratio is 37.17%.

Insider Activity at HBT Financial

In related news, Director Patrick F. Busch sold 8,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $24.77, for a total transaction of $198,160.00. Following the sale, the director now owns 182,000 shares in the company, valued at $4,508,140. The trade was a 4.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Fred L. Drake sold 10,000 shares of the stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $24.38, for a total value of $243,800.00. Following the completion of the transaction, the chairman now owns 58,670 shares of the company’s stock, valued at $1,430,374.60. This represents a 14.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,900 shares of company stock valued at $969,500 over the last ninety days. 59.80% of the stock is owned by corporate insiders.

Institutional Trading of HBT Financial

Several institutional investors have recently modified their holdings of the business. FMR LLC grew its position 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 during the last quarter. State Street Corp increased its position in HBT Financial by 1.6% during 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. Barclays PLC lifted its position in shares of HBT Financial by 43.5% in the 3rd quarter. Barclays PLC now owns 57,000 shares of the company’s stock worth $1,247,000 after purchasing an additional 17,266 shares during the period. Geode Capital Management LLC boosted its stake in shares of 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 last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of HBT Financial by 62.0% during the third quarter. JPMorgan Chase & Co. now owns 23,427 shares of the company’s stock worth $513,000 after buying an additional 8,969 shares during the period. Institutional investors own 78.55% of the company’s stock.

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.