Wall Street Zen Downgrades HBT Financial (NASDAQ:HBT) to Hold

HBT Financial (NASDAQ:HBT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently weighed in on HBT. Keefe, Bruyette & Woods upped their price target on HBT Financial from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Tuesday, July 28th. DA Davidson raised their price objective on HBT Financial from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Piper Sandler boosted their price objective on HBT Financial from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Zacks Research downgraded HBT Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings upgraded HBT Financial from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, HBT Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.25.

HBT Financial Stock Performance

Shares of HBT Financial stock opened at $35.84 on Friday. The firm has a 50-day simple moving average of $31.38 and a two-hundred day simple moving average of $28.94. The company has a market cap of $1.30 billion, a P/E ratio of 15.38 and a beta of 0.51. HBT Financial has a fifty-two week low of $22.36 and a fifty-two week high of $36.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.85 and a current ratio of 0.85.

HBT Financial (NASDAQ:HBT) last posted its earnings results on Monday, July 27th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. HBT Financial had a net margin of 23.44% and a return on equity of 14.03%. The business had revenue of $80.90 million for the quarter, compared to analyst estimates of $80.36 million. As a group, equities analysts predict that HBT Financial will post 3.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HBT Financial

A number of hedge funds have recently made changes to their positions in HBT. State of Alaska Department of Revenue lifted its position in shares of HBT Financial by 42.4% in the fourth quarter. State of Alaska Department of Revenue now owns 1,809 shares of the company’s stock valued at $45,000 after acquiring an additional 539 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of HBT Financial by 66.6% during the third quarter. BNP Paribas Financial Markets now owns 3,892 shares of the company’s stock worth $98,000 after purchasing an additional 1,556 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in HBT Financial by 906.9% in the 2nd 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 during the last quarter. Franklin Resources Inc. acquired a new position in HBT Financial in the 2nd quarter valued at $208,000. Finally, Fifth Third Bancorp purchased a new position in HBT Financial in the 1st quarter valued at $241,000. Institutional investors and hedge funds own 78.55% of the company’s stock.

About HBT Financial

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.