HBT Financial (NASDAQ:HBT) Stock Rating Lowered by Zacks Research

HBT Financial (NASDAQ:HBT) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other research firms have also recently issued reports on HBT. DA Davidson boosted their price objective on shares of HBT Financial from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Weiss Ratings cut shares of HBT Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Piper Sandler boosted their price objective on shares of HBT Financial from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen raised shares of HBT Financial from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, HBT Financial presently has an average rating of “Moderate Buy” and a consensus target price of $30.75.

HBT Financial Stock Performance

Shares of NASDAQ:HBT opened at $28.17 on Tuesday. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 12.92 and a beta of 0.53. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.20. HBT Financial has a 12 month low of $22.36 and a 12 month high of $29.88. The firm’s 50-day moving average is $27.46 and its 200 day moving average is $26.67.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings data on Monday, April 27th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. The company had revenue of $67.84 million during the quarter, compared to analysts’ expectations of $66.75 million. HBT Financial had a net margin of 22.72% and a return on equity of 13.06%. Research analysts predict that HBT Financial will post 2.95 EPS for the current year.

Insider Buying and Selling 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 shares were sold at an average price of $28.93, for a total value of $455,416.06. Following the completion of the sale, the chairman owned 45,815 shares of the company’s stock, valued at approximately $1,325,427.95. This represents a 25.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 51.90% of the company’s stock.

Institutional Investors Weigh In On HBT Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of HBT. State of Alaska Department of Revenue purchased a new stake in HBT Financial during the third quarter valued at approximately $32,000. BNP Paribas Financial Markets lifted its position in 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 position in HBT Financial by 906.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,249 shares of the company’s stock valued at $107,000 after acquiring an additional 3,827 shares during the last quarter. Franklin Resources Inc. purchased a new stake in HBT Financial during the second quarter valued at approximately $208,000. Finally, Integrated Quantitative Investments LLC purchased a new stake in HBT Financial during the third quarter valued at approximately $224,000. Hedge funds and other institutional investors 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.