HBT Financial, Inc. (NASDAQ:HBT) Receives $28.80 Average Target Price from Analysts

Shares of HBT Financial, Inc. (NASDAQ:HBT) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $28.80.

HBT has been the subject of several recent analyst reports. Piper Sandler raised their price objective on shares of HBT Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. DA Davidson lifted their target price on shares of HBT Financial from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Zacks Research upgraded shares of HBT Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods lifted their target price on shares of HBT Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $30.00 target price (up previously from $24.00) on shares of HBT Financial in a research note on Tuesday, July 22nd.

Institutional Trading of HBT Financial

Institutional investors have recently bought and sold shares of the business. CWM LLC grew its holdings in HBT Financial by 32.7% during the 2nd quarter. CWM LLC now owns 1,835 shares of the company’s stock worth $46,000 after acquiring an additional 452 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of HBT Financial by 906.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,249 shares of the company’s stock valued at $107,000 after buying an additional 3,827 shares during the period. Franklin Resources Inc. acquired a new position in shares of HBT Financial in the 2nd quarter valued at $208,000. State Board of Administration of Florida Retirement System acquired a new position in shares of HBT Financial in the 2nd quarter valued at $223,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of HBT Financial in the 1st quarter valued at $264,000. Institutional investors and hedge funds own 78.55% of the company’s stock.

HBT Financial Price Performance

Shares of NASDAQ:HBT opened at $25.48 on Friday. HBT Financial has a fifty-two week low of $19.46 and a fifty-two week high of $27.02. The business has a 50-day moving average of $25.61 and a two-hundred day moving average of $24.27. The stock has a market capitalization of $802.62 million, a P/E ratio of 10.53 and a beta of 0.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.82 and a quick ratio of 0.82.

HBT Financial (NASDAQ:HBT) last released its earnings results on Monday, July 21st. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. HBT Financial had a net margin of 26.22% and a return on equity of 13.98%. The business had revenue of $58.80 million during the quarter, compared to analysts’ expectations of $59.45 million. During the same quarter last year, the company earned $0.57 earnings per share. On average, equities research analysts predict that HBT Financial will post 2.34 EPS for the current fiscal year.

HBT Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were issued a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. HBT Financial’s dividend payout ratio (DPR) is currently 34.71%.

HBT Financial Company Profile

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.