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

Shares of HBT Financial, Inc. (NASDAQ:HBT) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $33.25.

A number of equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of HBT Financial from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday. DA Davidson upped their target price on shares of HBT Financial from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Piper Sandler raised their target price on shares of HBT Financial from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Zacks Research lowered shares of HBT Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Wall Street Zen downgraded shares of HBT Financial from a “buy” rating to a “hold” rating in a research note on Saturday.

Hedge Funds Weigh In On HBT Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue raised its holdings 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 grew its holdings in HBT Financial by 66.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,892 shares of the company’s stock worth $98,000 after acquiring an additional 1,556 shares in the last quarter. Tower Research Capital LLC TRC increased its position 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 valued at $107,000 after purchasing an additional 3,827 shares during the period. Franklin Resources Inc. purchased a new position in HBT Financial during the 2nd quarter valued at about $208,000. Finally, Fifth Third Bancorp bought a new stake in shares of HBT Financial in the 1st quarter valued at about $241,000. Institutional investors own 78.55% of the company’s stock.

HBT Financial Stock Performance

HBT stock opened at $35.79 on Tuesday. HBT Financial has a twelve month low of $22.36 and a twelve month high of $36.83. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 15.36 and a beta of 0.51. The business’s fifty day simple moving average is $31.53 and its two-hundred day simple moving average is $29.00. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.20.

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

HBT Financial Increases Dividend

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

HBT Financial Company Profile

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.