HBT Financial, Inc. (NASDAQ:HBT) Receives $28.50 Average PT from Brokerages

Shares of HBT Financial, Inc. (NASDAQ:HBT) have been given an average recommendation of “Hold” by the seven ratings firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $28.50.

HBT has been the topic of several recent research reports. Raymond James Financial lowered HBT Financial from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods increased their price objective on HBT Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Piper Sandler reduced their price objective on HBT Financial from $29.00 to $27.50 and set a “neutral” rating on the stock in a research report on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of HBT Financial in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded HBT Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th.

HBT Financial Stock Performance

HBT Financial stock opened at $23.54 on Friday. The firm’s fifty day moving average price is $25.12 and its 200-day moving average price is $24.84. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 0.81. The stock has a market cap of $739.86 million, a P/E ratio of 9.49 and a beta of 0.66. HBT Financial has a fifty-two week low of $19.46 and a fifty-two week high of $27.02.

HBT Financial (NASDAQ:HBT) last posted its quarterly earnings data on Monday, October 20th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.03. The firm had revenue of $59.84 million for the quarter, compared to analysts’ expectations of $60.31 million. HBT Financial had a net margin of 26.64% and a return on equity of 13.81%. During the same quarter last year, the company posted $0.61 EPS. On average, equities research analysts expect that HBT Financial will post 2.34 earnings per share for the current fiscal year.

HBT Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Monday, November 3rd will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, November 3rd. This represents a $0.84 annualized dividend and a yield of 3.6%. HBT Financial’s dividend payout ratio is currently 33.87%.

Institutional Investors Weigh In On HBT Financial

Institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new stake in HBT Financial during the 3rd quarter valued at about $32,000. CWM LLC boosted its holdings in HBT Financial by 32.7% during the 2nd quarter. CWM LLC now owns 1,835 shares of the company’s stock valued at $46,000 after acquiring an additional 452 shares during the period. Tower Research Capital LLC TRC grew its holdings in HBT Financial by 906.9% in 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 in the 2nd quarter worth $208,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in HBT Financial in the 2nd quarter worth $223,000. 78.55% of the stock is currently owned by hedge funds and other institutional investors.

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.