HBT Financial, Inc. (NASDAQ:HBT) Receives $37.40 Consensus Target Price from Analysts

Shares of HBT Financial, Inc. (NASDAQ:HBT) have received an average rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $37.40.

A number of equities analysts have weighed in on HBT shares. Hovde Group upped their price target on HBT Financial from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Zacks Research lowered shares of HBT Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Wall Street Zen cut shares of HBT Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of HBT Financial from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, July 30th. Finally, DA Davidson lifted their price target on shares of HBT Financial from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th.

Institutional Trading of HBT Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in HBT Financial during the second quarter valued at approximately $63,321,000. California State Teachers Retirement System increased its position in shares of HBT Financial by 6,730.6% during the 2nd quarter. California State Teachers Retirement System now owns 715,232 shares of the company’s stock worth $22,358,000 after purchasing an additional 704,761 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of HBT Financial during the 2nd quarter worth approximately $15,675,000. Wellington Management Group LLP bought a new stake in shares of HBT Financial during the 2nd quarter worth approximately $9,552,000. Finally, Heartland Bank & Trust Co boosted its holdings in shares of HBT Financial by 857.6% in the 1st quarter. Heartland Bank & Trust Co now owns 160,487 shares of the company’s stock valued at $4,288,000 after buying an additional 143,727 shares during the last quarter. Institutional investors own 78.55% of the company’s stock.

HBT Financial Stock Performance

HBT opened at $36.19 on Friday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 15.53 and a beta of 0.51. The business’s 50-day moving average price is $34.38 and its two-hundred day moving average price is $30.28. HBT Financial has a 1 year low of $22.36 and a 1 year high of $37.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.84 and a quick ratio of 0.84.

HBT Financial (NASDAQ:HBT) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.78 earnings per share (EPS) for the quarter, topping 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. Equities analysts expect that HBT Financial will post 3.01 EPS for the current fiscal year.

HBT Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Tuesday, August 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, August 11th. This is a positive change from HBT Financial’s previous quarterly dividend of $0.23. HBT Financial’s dividend payout ratio is 42.92%.

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.