HBT Financial (NASDAQ:HBT) Stock Price Expected to Rise, Piper Sandler Analyst Says

HBT Financial (NASDAQ:HBT) had its target price raised by equities researchers at Piper Sandler from $32.00 to $34.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 6.77% from the company’s previous close.

HBT has been the topic of a number of other research reports. DA Davidson upped their target price on HBT Financial from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Weiss Ratings cut HBT Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Zacks Research downgraded HBT Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, Wall Street Zen upgraded HBT Financial from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.25.

HBT Financial Stock Performance

NASDAQ:HBT traded up $0.23 during mid-day trading on Friday, hitting $31.84. The company’s stock had a trading volume of 36,899 shares, compared to its average volume of 80,463. HBT Financial has a 1 year low of $22.36 and a 1 year high of $32.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 14.61 and a beta of 0.53. The business’s fifty day moving average is $28.77 and its two-hundred day moving average is $27.70.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.06. The company had revenue of $67.84 million for the quarter, compared to the consensus estimate of $66.75 million. HBT Financial had a return on equity of 13.06% and a net margin of 22.72%. Analysts anticipate that HBT Financial will post 2.95 EPS for the current fiscal year.

Insider Activity at HBT Financial

In other news, Chairman Fred L. Drake sold 15,742 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $28.93, for a total transaction of $455,416.06. Following the completion of the transaction, the chairman directly owned 45,815 shares of the company’s stock, valued at $1,325,427.95. This represents a 25.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 51.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On HBT Financial

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in HBT Financial by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 561,159 shares of the company’s stock worth $14,995,000 after acquiring an additional 15,350 shares in the last quarter. LPL Financial LLC grew its position in shares of HBT Financial by 3.2% in the fourth quarter. LPL Financial LLC now owns 318,379 shares of the company’s stock valued at $8,230,000 after purchasing an additional 9,874 shares during the period. Geode Capital Management LLC grew its position in shares of HBT Financial by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 288,455 shares of the company’s stock valued at $7,458,000 after purchasing an additional 16,641 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in shares of HBT Financial by 51.1% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 257,579 shares of the company’s stock worth $6,658,000 after purchasing an additional 87,085 shares in the last quarter. Finally, Heartland Bank & Trust Co increased its stake in shares of HBT Financial by 857.6% during the first quarter. Heartland Bank & Trust Co now owns 160,487 shares of the company’s stock worth $4,288,000 after purchasing an additional 143,727 shares in the last quarter. 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.