HBT Financial (NASDAQ:HBT) Given New $22.00 Price Target at JPMorgan Chase & Co.

HBT Financial (NASDAQ:HBT) had its target price boosted by research analysts at JPMorgan Chase & Co. from $21.00 to $22.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 15.85% from the company’s previous close.

HBT Financial Price Performance

HBT stock opened at $18.99 on Tuesday. The business has a 50 day simple moving average of $18.95 and a 200-day simple moving average of $19.34. The company has a market capitalization of $600.27 million, a P/E ratio of 8.40 and a beta of 0.86. HBT Financial has a twelve month low of $16.33 and a twelve month high of $21.87. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.21.

HBT Financial (NASDAQ:HBT) last announced its earnings results on Wednesday, January 24th. The company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $70.62 million for the quarter, compared to analysts’ expectations of $57.78 million. HBT Financial had a net margin of 26.29% and a return on equity of 16.41%. During the same period in the previous year, the company posted $0.62 EPS. As a group, equities analysts anticipate that HBT Financial will post 2.24 EPS for the current year.

Insider Activity

In other HBT Financial news, Director Roger A. Baker bought 1,888 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were acquired at an average cost of $18.68 per share, with a total value of $35,267.84. Following the acquisition, the director now directly owns 555,980 shares of the company’s stock, valued at approximately $10,385,706.40. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Roger A. Baker acquired 3,632 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were purchased at an average cost of $18.86 per share, for a total transaction of $68,499.52. Following the transaction, the director now directly owns 559,804 shares in the company, valued at approximately $10,557,903.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roger A. Baker acquired 1,888 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average price of $18.68 per share, for a total transaction of $35,267.84. Following the completion of the transaction, the director now owns 555,980 shares in the company, valued at $10,385,706.40. The disclosure for this purchase can be found here. Insiders have acquired 5,820 shares of company stock valued at $109,417 in the last ninety days. 58.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HBT Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in shares of HBT Financial by 70.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock worth $54,000 after purchasing an additional 1,062 shares during the period. SG Americas Securities LLC acquired a new position in shares of HBT Financial during the 3rd quarter worth $121,000. Meredith Wealth Planning acquired a new position in shares of HBT Financial during the 4th quarter worth $203,000. Assenagon Asset Management S.A. acquired a new position in shares of HBT Financial during the 4th quarter worth $1,010,000. Finally, Los Angeles Capital Management LLC grew its stake in shares of HBT Financial by 40.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock worth $1,420,000 after purchasing an additional 19,440 shares during the period. 78.55% of the stock is currently owned by hedge funds and other institutional investors.

About HBT Financial

HBT Financial, Inc operates as the bank holding company for Heartland Bank and Trust Company that provides business, commercial, and retail banking products and services to individuals, businesses, and municipal entities in Central and Northeastern Illinois, and Eastern Iowa. The company's deposits accounts consist of noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, certificates of deposits, health savings accounts, and individual retirement accounts.