HBT Financial, Inc. (NASDAQ:HBT) Receives Consensus Rating of “Moderate Buy” from Analysts

HBT Financial, Inc. (NASDAQ:HBTGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $30.75.

A number of research analysts have commented on the stock. Piper Sandler increased their price objective on shares of HBT Financial from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Zacks Research upgraded shares of HBT Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Wall Street Zen upgraded shares of HBT Financial from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. DA Davidson raised their price target on shares of HBT Financial from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings downgraded shares of HBT Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, May 11th.

Get Our Latest Analysis on HBT

HBT Financial Price Performance

HBT opened at $28.17 on Thursday. The company has a fifty day simple moving average of $27.46 and a 200 day simple moving average of $26.67. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 12.92 and a beta of 0.53. HBT Financial has a twelve month low of $22.36 and a twelve month high of $29.88. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.20.

HBT Financial (NASDAQ:HBTGet Free Report) last released its quarterly earnings results on Monday, April 27th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The business had revenue of $67.84 million during the quarter, compared to analyst estimates of $66.75 million. HBT Financial had a net margin of 22.72% and a return on equity of 13.06%. Equities research analysts expect that HBT Financial will post 2.95 EPS for the current fiscal year.

HBT Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 12th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, May 12th. HBT Financial’s dividend payout ratio (DPR) is presently 42.20%.

Insider Activity

In other news, Chairman Fred L. Drake sold 15,742 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $28.93, for a total value of $455,416.06. Following the transaction, the chairman directly owned 45,815 shares in the company, valued at approximately $1,325,427.95. This trade represents a 25.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 51.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. AQR Capital Management LLC lifted its position in HBT Financial by 17.4% in the 1st quarter. AQR Capital Management LLC now owns 15,554 shares of the company’s stock valued at $349,000 after purchasing an additional 2,307 shares during the last quarter. Jane Street Group LLC bought a new stake in HBT Financial in the 1st quarter valued at about $286,000. Franklin Resources Inc. bought a new stake in HBT Financial in the 2nd quarter valued at about $208,000. First Trust Advisors LP lifted its position in HBT Financial by 6.0% in the 2nd 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. Finally, Qube Research & Technologies Ltd bought a new stake in HBT Financial in the 2nd quarter valued at about $297,000. 78.55% of the stock is currently owned by institutional investors.

HBT Financial Company Profile

(Get Free Report)

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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Analyst Recommendations for HBT Financial (NASDAQ:HBT)

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