Brokerages Set HBT Financial, Inc. (NASDAQ:HBT) Price Target at $28.50

HBT Financial, Inc. (NASDAQ:HBT) has been given a consensus rating of “Hold” by the seven analysts that are covering the firm, Marketbeat.com reports. Four 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 brokerages that have updated their coverage on the stock in the last year is $28.50.

A number of research analysts have recently weighed in on the company. Raymond James Financial lowered HBT Financial from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 7th. DA Davidson set a $27.00 price objective on HBT Financial in a research note on Tuesday, October 21st. Piper Sandler cut their price objective on shares of HBT Financial from $29.00 to $27.50 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. Zacks Research upgraded shares of HBT Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of HBT Financial in a research report on Wednesday, October 8th.

HBT Financial Trading Up 1.7%

NASDAQ:HBT opened at $24.01 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.82. HBT Financial has a one year low of $19.46 and a one year high of $27.02. The company has a market cap of $754.63 million, a PE ratio of 9.68 and a beta of 0.66. The firm has a 50-day moving average of $24.96 and a 200-day moving average of $24.84.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings results on Monday, October 20th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The business had revenue of $59.84 million during the quarter, compared to the consensus estimate of $60.31 million. HBT Financial had a return on equity of 13.81% and a net margin of 26.64%.During the same quarter in the previous year, the business earned $0.61 EPS. As a group, equities research analysts expect that HBT Financial will post 2.34 EPS for the current fiscal year.

HBT Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. HBT Financial’s dividend payout ratio (DPR) is currently 33.87%.

Institutional Trading of HBT Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new stake in HBT Financial during the third quarter worth $32,000. CWM LLC increased its position in shares of HBT Financial by 32.7% during the 2nd quarter. CWM LLC now owns 1,835 shares of the company’s stock valued at $46,000 after purchasing an additional 452 shares during the last quarter. Tower Research Capital LLC TRC raised 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 worth $107,000 after purchasing an additional 3,827 shares during the period. Franklin Resources Inc. purchased a new position in shares of HBT Financial in the 2nd quarter worth about $208,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of HBT Financial in the 2nd quarter worth about $223,000. 78.55% of the stock is owned by hedge funds and other institutional investors.

HBT Financial Company Profile

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.