HBT Financial, Inc. (NASDAQ:HBT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

HBT Financial, Inc. (NASDAQ:HBT) has received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $28.80.

A number of brokerages have issued reports on HBT. Zacks Research raised HBT Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. DA Davidson upped their target price on HBT Financial from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Keefe, Bruyette & Woods upped their target price on HBT Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Hovde Group raised HBT Financial from a “market perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research report on Tuesday, May 6th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $30.00 target price (up previously from $24.00) on shares of HBT Financial in a research report on Tuesday, July 22nd.

Institutional Investors Weigh In On HBT Financial

A number of hedge funds have recently modified their holdings of HBT. CWM LLC raised its position in HBT Financial by 32.7% in the 2nd quarter. CWM LLC now owns 1,835 shares of the company’s stock valued at $46,000 after buying an additional 452 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in HBT Financial by 906.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,249 shares of the company’s stock valued at $107,000 after purchasing an additional 3,827 shares in the last quarter. Wells Fargo & Company MN grew its stake in HBT Financial by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 7,522 shares of the company’s stock valued at $165,000 after purchasing an additional 1,638 shares in the last quarter. Franklin Resources Inc. bought a new position in HBT Financial in the second quarter valued at approximately $208,000. Finally, State Board of Administration of Florida Retirement System bought a new position in HBT Financial in the second quarter valued at approximately $223,000. Institutional investors and hedge funds own 78.55% of the company’s stock.

HBT Financial Trading Up 0.5%

Shares of NASDAQ HBT opened at $25.11 on Tuesday. The stock has a market cap of $790.97 million, a price-to-earnings ratio of 10.38 and a beta of 0.63. The business has a 50 day simple moving average of $25.24 and a 200 day simple moving average of $24.12. HBT Financial has a 52 week low of $19.46 and a 52 week high of $26.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 0.82.

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

HBT Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were issued a $0.21 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $0.84 annualized dividend and a yield of 3.3%. HBT Financial’s dividend payout ratio (DPR) is currently 34.71%.

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.