JPMorgan Chase & Co. Increases HBT Financial (NASDAQ:HBT) Price Target to $22.00

HBT Financial (NASDAQ:HBT) had its target price raised by analysts at JPMorgan Chase & Co. from $21.00 to $22.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 15.85% from the stock’s current price.

HBT Financial Stock Performance

Shares of NASDAQ:HBT opened at $18.99 on Tuesday. The firm has a market cap of $600.27 million, a PE ratio of 8.40 and a beta of 0.86. The firm’s 50 day simple moving average is $18.95 and its 200-day simple moving average is $19.34. HBT Financial has a one year low of $16.33 and a one year high of $21.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.79 and a current ratio of 0.80.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. HBT Financial had a net margin of 26.29% and a return on equity of 16.41%. The firm had revenue of $70.62 million for the quarter, compared to the consensus estimate of $57.78 million. During the same period last year, the firm earned $0.62 earnings per share. As a group, equities analysts predict that HBT Financial will post 2.24 EPS for the current year.

Insider Buying and Selling at HBT Financial

In other news, Director Roger A. Baker bought 1,888 shares of the stock in a transaction on Wednesday, February 7th. The stock was bought at an average cost 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 in the company, valued at $10,385,706.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Roger A. Baker acquired 3,632 shares of the stock in a transaction dated Thursday, February 22nd. The stock was acquired at an average cost of $18.86 per share, for a total transaction of $68,499.52. Following the completion of the purchase, the director now owns 559,804 shares of the company’s stock, valued at approximately $10,557,903.44. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Roger A. Baker acquired 1,888 shares of the stock in a transaction dated Wednesday, February 7th. The shares were bought at an average price of $18.68 per share, with a total value 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 disclosure for this purchase can be found here. Insiders bought a total of 5,820 shares of company stock worth $109,417 over the last three months. Corporate insiders own 58.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its holdings in shares of HBT Financial by 70.3% during the fourth 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 last quarter. SG Americas Securities LLC purchased a new position in HBT Financial in the third quarter valued at $121,000. Meredith Wealth Planning purchased a new position in HBT Financial in the fourth quarter valued at $203,000. Assenagon Asset Management S.A. purchased a new position in HBT Financial in the fourth quarter valued at $1,010,000. Finally, Los Angeles Capital Management LLC increased its holdings in HBT Financial by 40.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock valued at $1,420,000 after buying an additional 19,440 shares in the last quarter. Hedge funds and other institutional investors own 78.55% of the company’s stock.

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.