HBT Financial, Inc. (NASDAQ:HBT) Receives $28.50 Consensus Price Target from Analysts

Shares of HBT Financial, Inc. (NASDAQ:HBT) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $28.50.

HBT has been the topic of a number of recent analyst reports. DA Davidson set a $27.00 target price on shares of HBT Financial in a research report on Tuesday, October 21st. Weiss Ratings reissued a “buy (b)” rating on shares of HBT Financial in a report on Wednesday, October 8th. Piper Sandler lowered their price target on shares of HBT Financial from $29.00 to $27.50 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Finally, Raymond James Financial upgraded HBT Financial from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Wednesday, January 7th.

HBT Financial Trading Down 1.3%

Shares of NASDAQ HBT opened at $26.90 on Friday. The stock has a market capitalization of $845.47 million, a PE ratio of 10.85 and a beta of 0.58. HBT Financial has a twelve month low of $19.46 and a twelve month high of $27.85. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $25.49 and a 200-day simple moving average of $25.29.

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

HBT Financial announced that its board has approved a share buyback program on Thursday, December 18th that permits the company to buyback $30.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On HBT Financial

Several hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in shares of HBT Financial by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 523,761 shares of the company’s stock valued at $13,198,000 after purchasing an additional 12,846 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of HBT Financial by 15.8% during the 2nd quarter. American Century Companies Inc. now owns 219,619 shares of the company’s stock worth $5,537,000 after purchasing an additional 29,892 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of HBT Financial by 1.9% during the second quarter. Acadian Asset Management LLC now owns 113,115 shares of the company’s stock worth $2,847,000 after buying an additional 2,153 shares in the last quarter. Hillsdale Investment Management Inc. raised its position in shares of HBT Financial by 2.7% in the third quarter. Hillsdale Investment Management Inc. now owns 109,891 shares of the company’s stock valued at $2,769,000 after buying an additional 2,887 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its position in HBT Financial by 0.4% during the third quarter. Johnson Investment Counsel Inc. now owns 99,527 shares of the company’s stock worth $2,508,000 after acquiring an additional 419 shares during the last quarter. 78.55% of the stock is currently 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.