HBT Financial, Inc. (NASDAQ:HBT) Receives $28.50 Consensus Target Price from Brokerages

Shares of HBT Financial, Inc. (NASDAQ:HBT) have received a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $28.50.

A number of research firms have weighed in on HBT. Raymond James Financial downgraded HBT Financial from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 7th. DA Davidson set a $27.00 price objective on HBT Financial in a report on Tuesday, October 21st. Keefe, Bruyette & Woods raised their target price on HBT Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of HBT Financial in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of HBT Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th.

Institutional Investors Weigh In On HBT Financial

Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new position in shares of HBT Financial in the 3rd quarter worth $32,000. CWM LLC increased its stake in HBT Financial by 32.7% in the 2nd quarter. CWM LLC now owns 1,835 shares of the company’s stock worth $46,000 after purchasing an additional 452 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in HBT Financial by 906.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,249 shares of the company’s stock worth $107,000 after buying an additional 3,827 shares during the period. Franklin Resources Inc. acquired a new stake in HBT Financial during the 2nd quarter worth about $208,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in HBT Financial during the second quarter valued at about $223,000. 78.55% of the stock is owned by institutional investors.

HBT Financial Stock Performance

Shares of HBT opened at $23.62 on Friday. The firm has a market capitalization of $742.38 million, a PE ratio of 9.52 and a beta of 0.66. The company has a quick ratio of 0.82, a current ratio of 0.81 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $25.01 and a 200 day moving average price of $24.82. HBT Financial has a 52-week low of $19.46 and a 52-week high of $27.02.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings results on Monday, October 20th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. HBT Financial had a net margin of 26.64% and a return on equity of 13.81%. The company had revenue of $59.84 million during the quarter, compared to analyst estimates of $60.31 million. During the same period in the prior year, the business posted $0.61 EPS. On average, sell-side analysts anticipate that HBT Financial will post 2.34 earnings per share for the current fiscal year.

HBT Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Monday, November 3rd will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, November 3rd. HBT Financial’s dividend payout ratio (DPR) is presently 33.87%.

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.