HBT Financial, Inc. (NASDAQ:HBT – Get Free Report) has earned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $39.20.
A number of equities analysts recently weighed in on HBT shares. DA Davidson boosted their price target on shares of HBT Financial from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 27th. Piper Sandler raised their target price on shares of HBT Financial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 27th. Zacks Research upgraded HBT Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, September 28th. Weiss Ratings upgraded HBT Financial from a “buy (a-)” rating to a “buy (a+)” rating in a report on Monday. Finally, Keefe, Bruyette & Woods upped their price target on HBT Financial from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, October 27th.
Check Out Our Latest Stock Report on HBT Financial
HBT Financial Stock Down 0.8%
NASDAQ HBT opened at $37.24 on Thursday. The business has a fifty day moving average price of $36.19 and a 200 day moving average price of $31.59. HBT Financial has a one year low of $22.37 and a one year high of $38.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market cap of $1.35 billion, a P/E ratio of 14.55 and a beta of 0.43.
HBT Financial (NASDAQ:HBT – Get Free Report) last announced its earnings results on Monday, October 26th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. The company had revenue of $84.21 million for the quarter, compared to analysts’ expectations of $82.87 million. HBT Financial had a net margin of 24.66% and a return on equity of 14.26%. Research analysts anticipate that HBT Financial will post 3.16 EPS for the current fiscal year.
HBT Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Monday, November 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. HBT Financial’s dividend payout ratio (DPR) is 39.06%.
Institutional Investors Weigh In On HBT Financial
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Berger Financial Group Inc acquired a new position in HBT Financial in the 3rd quarter valued at about $201,000. Russell Investments Group Ltd. lifted its holdings in HBT Financial by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 32,005 shares of the company’s stock valued at $1,132,000 after acquiring an additional 11,856 shares during the last quarter. Detalus Advisors LLC acquired a new position in HBT Financial in the third quarter valued at approximately $861,000. Sequoia Financial Advisors LLC purchased a new position in HBT Financial in the second quarter worth approximately $451,000. Finally, Squarepoint Ops LLC acquired a new stake in HBT Financial during the second quarter worth $374,000. 78.55% of the stock is currently owned by institutional investors and hedge funds.
HBT Financial Company Profile
HBT Financial, Inc. is a bank holding company headquartered in Bloomington, Illinois. Its principal subsidiary, Heartland Bank and Trust Company, provides commercial and consumer banking services to individuals, businesses and organizations. The bank offers deposit accounts, loans and other lending services, as well as trust, wealth management and related financial services. Its branch network serves communities across Illinois and eastern Iowa. HBT Financial became the parent company of Heartland Bank and Trust in 2019.
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