HBT Financial (NASDAQ:HBT) Price Target Raised to $44.00

HBT Financial (NASDAQ:HBT) had its target price increased by analysts at Hovde Group from $40.00 to $44.00 in a research report issued on Wednesday, MarketBeat.com reports. The firm currently has an “outperform” rating on the stock. Hovde Group’s target price would suggest a potential upside of 21.58% from the stock’s previous close.

HBT has been the subject of several other reports. Piper Sandler boosted their target price on 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 note on Tuesday, May 19th. DA Davidson increased their price objective on HBT Financial from $36.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday. Weiss Ratings upgraded HBT Financial from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, July 30th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of HBT Financial from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.80.

HBT Financial Stock Performance

NASDAQ:HBT opened at $36.19 on Wednesday. HBT Financial has a 12-month low of $22.36 and a 12-month high of $36.83. The firm has a market capitalization of $1.32 billion, a PE ratio of 15.53 and a beta of 0.51. The firm has a 50-day moving average price of $32.44 and a 200 day moving average price of $29.38. 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 released its quarterly 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. The firm had revenue of $80.90 million for 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%. Research analysts anticipate that HBT Financial will post 3.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue grew its stake in shares of HBT Financial by 42.4% in the 4th quarter. State of Alaska Department of Revenue now owns 1,809 shares of the company’s stock worth $45,000 after acquiring an additional 539 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings 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 purchasing an additional 1,556 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of 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 buying an additional 3,827 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of HBT Financial in the second quarter worth $208,000. Finally, Fifth Third Bancorp bought a new position in HBT Financial in the 1st quarter worth about $241,000. 78.55% of the stock is owned by institutional investors.

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.