HBT Financial (NASDAQ:HBT) Lowered to “Market Perform” Rating by Raymond James Financial

Raymond James Financial downgraded shares of HBT Financial (NASDAQ:HBT) from an outperform rating to a market perform rating in a research note published on Tuesday, Marketbeat reports.

Several other equities research analysts also recently issued reports on HBT. Weiss Ratings restated a “buy (b)” rating on shares of HBT Financial in a report on Saturday, September 27th. Piper Sandler increased their price target on HBT Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Zacks Research upgraded HBT Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. Keefe, Bruyette & Woods increased their price target on HBT Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Finally, DA Davidson increased their price target on HBT Financial from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, HBT Financial has an average rating of “Hold” and an average price target of $28.80.

HBT Financial Trading Down 1.9%

NASDAQ HBT opened at $24.50 on Tuesday. The stock has a 50-day simple moving average of $25.48 and a 200 day simple moving average of $24.50. The company has a market capitalization of $771.75 million, a PE ratio of 10.12 and a beta of 0.63. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. HBT Financial has a 12 month low of $19.46 and a 12 month high of $27.02.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings data on Monday, July 21st. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $58.80 million during the quarter, compared to the consensus estimate of $59.45 million. HBT Financial had a return on equity of 13.98% and a net margin of 26.22%.During the same quarter in the prior year, the company posted $0.57 earnings per share. Research analysts forecast that HBT Financial will post 2.34 EPS for the current year.

HBT Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. HBT Financial’s dividend payout ratio is 34.71%.

Hedge Funds Weigh In On HBT Financial

A number of large investors have recently bought and sold shares of the company. CWM LLC boosted its position 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 last quarter. Johnson Investment Counsel Inc. boosted its position in HBT Financial by 1.0% during the second quarter. Johnson Investment Counsel Inc. now owns 99,108 shares of the company’s stock valued at $2,499,000 after purchasing an additional 1,008 shares during the last quarter. First Trust Advisors LP boosted its position in HBT Financial by 6.0% during the second quarter. First Trust Advisors LP now owns 20,301 shares of the company’s stock valued at $512,000 after purchasing an additional 1,155 shares during the last quarter. Russell Investments Group Ltd. boosted its position in HBT Financial by 4.2% during the first quarter. Russell Investments Group Ltd. now owns 33,295 shares of the company’s stock valued at $746,000 after purchasing an additional 1,335 shares during the last quarter. Finally, Trexquant Investment LP boosted its position in HBT Financial by 9.8% during the first quarter. Trexquant Investment LP now owns 18,361 shares of the company’s stock valued at $411,000 after purchasing an additional 1,646 shares during the last quarter. Institutional investors and hedge funds own 78.55% of the company’s stock.

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.