HBT Financial, Inc. (NASDAQ:HBT) Stock Has Average Target Price of $37.40

HBT Financial, Inc. (NASDAQ:HBT) has been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $37.40.

Several analysts have recently commented on the stock. Weiss Ratings raised shares of HBT Financial from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, July 30th. Wall Street Zen lowered shares of HBT Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. DA Davidson increased their price target on HBT Financial from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Piper Sandler lifted their price objective on HBT Financial from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Finally, Hovde Group upped their target price on HBT Financial from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th.

Hedge Funds Weigh In On HBT Financial

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of HBT Financial by 7.5% during the 1st quarter. Bank of America Corp DE now owns 17,970 shares of the company’s stock worth $480,000 after acquiring an additional 1,254 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of HBT Financial by 18.8% in the 4th quarter. Hsbc Holdings PLC now owns 19,854 shares of the company’s stock valued at $518,000 after purchasing an additional 3,136 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of HBT Financial by 16.6% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,516 shares of the company’s stock valued at $682,000 after purchasing an additional 3,640 shares in the last quarter. Swiss National Bank raised its holdings in HBT Financial by 17.2% in the 1st quarter. Swiss National Bank now owns 28,600 shares of the company’s stock worth $764,000 after purchasing an additional 4,200 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in HBT Financial in the 2nd quarter worth about $147,000. 78.55% of the stock is owned by hedge funds and other institutional investors.

HBT Financial Trading Up 1.4%

Shares of NASDAQ:HBT opened at $36.25 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.20. HBT Financial has a 52-week low of $22.36 and a 52-week high of $37.51. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 15.56 and a beta of 0.51. The business has a 50-day moving average price of $35.74 and a 200-day moving average price of $31.25.

HBT Financial (NASDAQ:HBT) last issued its earnings results on Monday, July 27th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. HBT Financial had a return on equity of 13.46% and a net margin of 23.44%.The firm had revenue of $80.90 million for the quarter, compared to analyst estimates of $80.36 million. Equities analysts predict that HBT Financial will post 3.01 EPS for the current year.

HBT Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 11th were given a $0.25 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $1.00 annualized dividend and a yield of 2.8%. This is a boost from HBT Financial’s previous quarterly dividend of $0.23. HBT Financial’s payout ratio is currently 42.92%.

About HBT Financial

HBT Financial, Inc is a bank holding company headquartered in Bloomington, Illinois. Through its principal subsidiary, Heartland Bank and Trust Company, the company provides banking and financial services to individuals, families, businesses and agricultural customers.

Heartland Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, commercial lending, agricultural financing and treasury management services. Its other services include wealth management, trust and investment services, online and mobile banking, and insurance-related products.

The company serves communities primarily across central, eastern and western Illinois through a network of banking locations and digital channels.