HBT Financial’s (HBT) “Outperform” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their outperform rating on shares of HBT Financial (NASDAQ:HBT) in a report published on Thursday,Benzinga reports. The brokerage currently has a $41.00 price target on the stock, up from their previous price target of $38.00.

A number of other analysts have also recently commented on the company. DA Davidson upped their price target on HBT Financial from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday. Weiss Ratings raised shares of HBT Financial from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, July 30th. Hovde Group boosted their price objective on shares of HBT Financial from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday. Piper Sandler upped their target price on shares of HBT Financial from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Finally, Zacks Research downgraded shares of HBT Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, HBT Financial presently has a consensus rating of “Moderate Buy” and an average target price of $37.40.

HBT Financial Stock Down 0.1%

Shares of HBT Financial stock opened at $37.19 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.84 and a debt-to-equity ratio of 0.20. HBT Financial has a 12 month low of $22.36 and a 12 month high of $37.51. The business has a fifty day simple moving average of $32.95 and a 200 day simple moving average of $29.56. The stock has a market cap of $1.35 billion, a PE ratio of 15.96 and a beta of 0.51.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings data on Monday, July 27th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. HBT Financial had a return on equity of 13.46% and a net margin of 23.44%.The business had revenue of $80.90 million during the quarter, compared to the consensus estimate of $80.36 million. Research analysts predict that HBT Financial will post 3.01 EPS for the current year.

HBT Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 11th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.7%. This is an increase from HBT Financial’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, August 11th. HBT Financial’s dividend payout ratio is currently 42.92%.

Institutional Investors Weigh In On HBT Financial

A number of hedge funds have recently modified their holdings of HBT. BlackRock Inc. bought a new position in shares of HBT Financial during the 2nd quarter valued at about $63,321,000. Dimensional Fund Advisors LP increased its stake in HBT Financial by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 561,159 shares of the company’s stock worth $14,995,000 after purchasing an additional 15,350 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in HBT Financial during the 2nd quarter worth approximately $15,675,000. LPL Financial LLC raised its holdings in HBT Financial by 3.2% during the 4th quarter. LPL Financial LLC now owns 318,379 shares of the company’s stock worth $8,230,000 after buying an additional 9,874 shares during the period. Finally, Geode Capital Management LLC lifted its stake in HBT Financial by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 288,455 shares of the company’s stock valued at $7,458,000 after buying an additional 16,641 shares in the last quarter. Institutional investors and hedge funds own 78.55% of the company’s stock.

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.