Weiss Ratings Reiterates Buy (B) Rating for HBT Financial (NASDAQ:HBT)

HBT Financial (NASDAQ:HBT)‘s stock had its “buy (b)” rating reissued by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other research analysts have also issued reports about the company. DA Davidson lifted their target price on HBT Financial from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Piper Sandler upped their target price on shares of HBT Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Keefe, Bruyette & Woods upped their target price on shares of HBT Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Raymond James Financial cut shares of HBT Financial from an “outperform” rating to a “market perform” rating in a report on Tuesday. Finally, Zacks Research upgraded shares of HBT Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $28.80.

HBT Financial Price Performance

Shares of HBT opened at $24.56 on Wednesday. HBT Financial has a fifty-two week low of $19.46 and a fifty-two week high of $27.02. The firm’s 50 day moving average price is $25.47 and its 200 day moving average price is $24.50. The company has a market cap of $773.64 million, a P/E ratio of 10.15 and a beta of 0.63. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.17.

HBT Financial (NASDAQ:HBT) last posted its quarterly earnings results on Monday, July 21st. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. The business had revenue of $58.80 million during the quarter, compared to the consensus estimate of $59.45 million. HBT Financial had a net margin of 26.22% and a return on equity of 13.98%. During the same quarter in the previous year, the firm posted $0.57 earnings per share. On average, research analysts forecast that HBT Financial will post 2.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HBT Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royce & Associates LP grew its holdings in shares of HBT Financial by 8.2% during the first quarter. Royce & Associates LP now owns 359,922 shares of the company’s stock worth $8,066,000 after purchasing an additional 27,169 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of HBT Financial by 12.3% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 278,159 shares of the company’s stock valued at $6,234,000 after purchasing an additional 30,467 shares during the period. American Century Companies Inc. boosted its position in shares of HBT Financial by 15.8% in the 2nd quarter. American Century Companies Inc. now owns 219,619 shares of the company’s stock valued at $5,537,000 after purchasing an additional 29,892 shares during the period. Acadian Asset Management LLC boosted its position in shares of HBT Financial by 1.9% in the 2nd quarter. Acadian Asset Management LLC now owns 113,115 shares of the company’s stock valued at $2,847,000 after purchasing an additional 2,153 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its stake in HBT Financial by 162.0% in the second quarter. Hillsdale Investment Management Inc. now owns 107,004 shares of the company’s stock valued at $2,698,000 after buying an additional 66,161 shares during the last quarter. 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.