HBT Financial, Inc. (NASDAQ:HBT) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of HBT Financial, Inc. (NASDAQ:HBT) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $33.25.

A number of research firms recently commented on HBT. DA Davidson boosted their price target on HBT Financial from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Weiss Ratings upgraded shares of HBT Financial from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, July 30th. Piper Sandler lifted their price objective on shares of HBT Financial from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Zacks Research lowered HBT Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Keefe, Bruyette & Woods boosted 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.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. State of Alaska Department of Revenue grew its holdings in shares of HBT Financial by 42.4% during the fourth quarter. State of Alaska Department of Revenue now owns 1,809 shares of the company’s stock worth $45,000 after purchasing an additional 539 shares during the last quarter. BNP Paribas Financial Markets raised its stake 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 valued at $98,000 after acquiring an additional 1,556 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of HBT Financial by 906.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,249 shares of the company’s stock worth $107,000 after acquiring an additional 3,827 shares during the period. Franklin Resources Inc. bought a new position in HBT Financial during the 2nd quarter worth approximately $208,000. Finally, Fifth Third Bancorp acquired a new position in shares of HBT Financial in the 1st quarter worth approximately $241,000. 78.55% of the stock is currently owned by institutional investors.

HBT Financial Trading Down 1.1%

HBT stock opened at $35.94 on Tuesday. HBT Financial has a 52 week low of $22.36 and a 52 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. The company’s 50-day simple moving average is $32.28 and its 200 day simple moving average is $29.32. The company has a market capitalization of $1.31 billion, a PE ratio of 15.42 and a beta of 0.51.

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

HBT Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 11th will be given a $0.25 dividend. This is a boost from HBT Financial’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, August 11th. HBT Financial’s dividend payout ratio (DPR) is presently 39.48%.

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.