Brokerages Set HBT Financial, Inc. (NASDAQ:HBT) PT at $28.80

Shares of HBT Financial, Inc. (NASDAQ:HBT) have been assigned an average rating of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $28.80.

Several research firms have recently issued reports on HBT. Keefe, Bruyette & Woods boosted their price objective on shares of HBT Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. DA Davidson boosted their price objective on shares of HBT Financial from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of HBT Financial in a research note on Wednesday. Zacks Research upgraded HBT Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Piper Sandler boosted their price objective on HBT Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd.

HBT Financial Stock Performance

Shares of HBT opened at $23.45 on Wednesday. The company has a market capitalization of $738.68 million, a PE ratio of 9.69 and a beta of 0.63. HBT Financial has a one year low of $19.46 and a one year high of $27.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.82 and a quick ratio of 0.82. The company’s fifty day moving average price is $25.44 and its 200 day moving average price is $24.51.

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

HBT Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, August 5th. HBT Financial’s payout ratio is 34.71%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. CWM LLC increased its holdings in shares of HBT Financial by 32.7% during the second quarter. CWM LLC now owns 1,835 shares of the company’s stock worth $46,000 after buying an additional 452 shares in the last quarter. GAMMA Investing LLC grew its position in HBT Financial by 4,457.6% during the 1st quarter. GAMMA Investing LLC now owns 2,689 shares of the company’s stock worth $600,000 after acquiring an additional 2,630 shares during the last quarter. Tower Research Capital LLC TRC grew its position in HBT Financial by 906.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,249 shares of the company’s stock worth $107,000 after acquiring an additional 3,827 shares during the last quarter. Franklin Resources Inc. bought a new stake in HBT Financial during the 2nd quarter worth approximately $208,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in HBT Financial during the 2nd quarter worth approximately $223,000. 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.