HBT Financial (NASDAQ:HBT – Get Free Report)‘s stock had its “outperform” rating reiterated by Keefe, Bruyette & Woods in a research report issued on Thursday,Benzinga reports. They currently have a $41.00 price objective on the stock, up from their previous price objective of $38.00. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 11.06% from the stock’s previous close.
Several other brokerages have also recently issued reports on HBT. Wall Street Zen cut shares of HBT Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. DA Davidson raised their price target on HBT Financial from $36.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday. Piper Sandler lifted their price objective on HBT Financial from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Hovde Group upped their price objective on HBT Financial from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Weiss Ratings raised HBT Financial from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, HBT Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.40.
View Our Latest Report on HBT Financial
HBT Financial Stock Up 1.3%
HBT Financial (NASDAQ:HBT – Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. HBT Financial had a net margin of 23.44% and a return on equity of 14.03%. The company had revenue of $80.90 million for the quarter, compared to the consensus estimate of $80.36 million. On average, equities analysts predict that HBT Financial will post 3.01 earnings per share for the current fiscal year.
Institutional Trading of HBT Financial
Hedge funds and other institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of HBT Financial during the 2nd quarter valued at $653,000. Globeflex Capital L P bought a new position in HBT Financial in the 2nd quarter worth $312,000. BlackRock Inc. purchased a new stake in HBT Financial in the 2nd quarter worth $63,321,000. Deutsche Bank AG purchased a new stake in HBT Financial in the 2nd quarter worth $510,000. Finally, Bank of New York Mellon Corp bought a new stake in HBT Financial during the second quarter valued at about $4,472,000. 78.55% of the stock is owned by hedge funds and other institutional investors.
HBT Financial Company Profile
HBT Financial, Inc is the bank holding company for HomeTrust Bank, a community-focused financial institution based in Lenoir, North Carolina. Through its subsidiary, HomeTrust Bank, the company provides a full suite of personal and business banking services across western North Carolina, eastern Tennessee and Upstate South Carolina. The company’s operations include a network of branch offices, ATMs and online banking platforms designed to serve both urban and rural communities in its primary market areas.
HomeTrust Bank’s product offerings encompass traditional deposit accounts such as checking, savings and money market accounts, as well as certificates of deposit.
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