HBT Financial (NASDAQ:HBT) Price Target Raised to $21.50 at Piper Sandler

HBT Financial (NASDAQ:HBT) had its price target lifted by Piper Sandler from $21.00 to $21.50 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Separately, JPMorgan Chase & Co. boosted their price target on HBT Financial from $21.00 to $22.00 and gave the stock an underweight rating in a research note on Tuesday.

HBT Financial Price Performance

Shares of NASDAQ HBT opened at $18.94 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.80 and a quick ratio of 0.79. HBT Financial has a 1-year low of $16.33 and a 1-year high of $21.87. The business has a 50-day moving average of $18.96 and a 200-day moving average of $19.34. The company has a market capitalization of $598.69 million, a price-to-earnings ratio of 9.11 and a beta of 0.86.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings results on Wednesday, January 24th. The company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. HBT Financial had a return on equity of 16.93% and a net margin of 24.84%. The business had revenue of $70.62 million for the quarter, compared to analysts’ expectations of $57.78 million. During the same quarter in the previous year, the firm posted $0.62 earnings per share. On average, equities analysts anticipate that HBT Financial will post 2.24 EPS for the current fiscal year.

Insider Buying and Selling at HBT Financial

In other news, Director Roger A. Baker acquired 1,888 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were purchased at an average price of $18.68 per share, for a total transaction of $35,267.84. Following the completion of the purchase, the director now directly owns 555,980 shares of the company’s stock, valued at approximately $10,385,706.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Roger A. Baker acquired 3,632 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were purchased at an average price of $18.86 per share, for a total transaction of $68,499.52. Following the completion of the purchase, the director now directly owns 559,804 shares of the company’s stock, valued at approximately $10,557,903.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roger A. Baker acquired 1,888 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were purchased at an average price of $18.68 per share, for a total transaction of $35,267.84. Following the purchase, the director now directly owns 555,980 shares of the company’s stock, valued at $10,385,706.40. The disclosure for this purchase can be found here. Insiders have bought 5,820 shares of company stock worth $109,417 over the last quarter. 58.60% of the stock is owned by corporate insiders.

Institutional Trading of HBT Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Los Angeles Capital Management LLC raised its position in shares of HBT Financial by 40.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock worth $1,420,000 after purchasing an additional 19,440 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of HBT Financial during the 4th quarter worth approximately $1,010,000. Meredith Wealth Planning acquired a new stake in shares of HBT Financial during the 4th quarter worth approximately $203,000. SG Americas Securities LLC raised its position in shares of HBT Financial by 36.6% during the 4th quarter. SG Americas Securities LLC now owns 9,029 shares of the company’s stock worth $191,000 after purchasing an additional 2,418 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of HBT Financial by 70.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock worth $54,000 after purchasing an additional 1,062 shares during the period. 78.55% of the stock is currently owned by institutional investors and hedge funds.

HBT Financial Company Profile

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.