HBT Financial, Inc. (HBT) – What Are Analysts Thinking About This Stock?

Shares of HBT Financial, Inc. (NASDAQ:HBT) have been given a consensus rating of “Buy” by the seven research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $39.20.

A number of equities analysts recently weighed in on the stock. Wall Street Zen cut shares of HBT Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Keefe, Bruyette & Woods boosted their target price on HBT Financial from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, October 27th. Zacks Research upgraded HBT Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 28th. DA Davidson raised their price target on HBT Financial from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 27th. Finally, Piper Sandler raised their price target on HBT Financial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 27th.

HBT Financial Stock Down 0.8%

Shares of HBT opened at $37.24 on Thursday. The firm has a market cap of $1.35 billion, a P/E ratio of 14.55 and a beta of 0.43. HBT Financial has a 12-month low of $22.37 and a 12-month high of $38.79. The company’s 50-day moving average price is $36.19 and its 200 day moving average price is $31.59. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.20.

HBT Financial (NASDAQ:HBT) last announced its earnings results on Monday, October 26th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. HBT Financial had a net margin of 24.66% and a return on equity of 14.26%. The company had revenue of $84.21 million during the quarter, compared to analyst estimates of $82.87 million. On average, sell-side analysts forecast that HBT Financial will post 3.16 earnings per share for the current year.

HBT Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Monday, November 9th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, November 9th. HBT Financial’s dividend payout ratio (DPR) is 39.06%.

Hedge Funds Weigh In On HBT Financial

Several institutional investors have recently bought and sold shares of the company. Berger Financial Group Inc purchased a new stake in HBT Financial during the third quarter worth about $201,000. Russell Investments Group Ltd. lifted its position in shares of HBT Financial by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 32,005 shares of the company’s stock worth $1,132,000 after purchasing an additional 11,856 shares in the last quarter. Detalus Advisors LLC purchased a new position in shares of HBT Financial in the third quarter valued at approximately $861,000. Sequoia Financial Advisors LLC purchased a new position in shares of HBT Financial in the second quarter valued at approximately $451,000. Finally, Squarepoint Ops LLC acquired a new position in shares of HBT Financial in the second quarter valued at approximately $374,000. 78.55% of the stock is owned by institutional investors and hedge funds.

HBT Financial Company Profile

HBT Financial, Inc. is a bank holding company headquartered in Bloomington, Illinois. Its principal subsidiary, Heartland Bank and Trust Company, provides commercial and consumer banking services to individuals, businesses and organizations. The bank offers deposit accounts, loans and other lending services, as well as trust, wealth management and related financial services. Its branch network serves communities across Illinois and eastern Iowa. HBT Financial became the parent company of Heartland Bank and Trust in 2019.