HBT Financial, Inc. (NASDAQ:HBT) Given Consensus Rating of “Moderate Buy” by Analysts

HBT Financial, Inc. (NASDAQ:HBT) has earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $30.75.

Several brokerages recently weighed in on HBT. Piper Sandler increased their target price on HBT Financial from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. DA Davidson boosted their price objective on 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 lowered HBT Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Wall Street Zen cut shares of HBT Financial from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research lowered shares of HBT Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th.

Insider Activity at HBT Financial

In other news, Chairman Fred L. Drake sold 15,742 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $28.93, for a total transaction of $455,416.06. Following the completion of the sale, the chairman directly owned 45,815 shares in the company, valued at approximately $1,325,427.95. This represents a 25.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 51.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in HBT Financial in the third quarter valued at $484,000. Hillsdale Investment Management Inc. lifted its holdings in HBT Financial by 2.7% in the third quarter. Hillsdale Investment Management Inc. now owns 109,891 shares of the company’s stock worth $2,769,000 after buying an additional 2,887 shares during the period. Hsbc Holdings PLC lifted its holdings in HBT Financial by 25.8% in the first quarter. Hsbc Holdings PLC now owns 24,969 shares of the company’s stock worth $674,000 after buying an additional 5,115 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of HBT Financial during the 1st quarter worth approximately $3,349,000. Finally, Heartland Bank & Trust Co raised its position in shares of HBT Financial by 857.6% in the 1st quarter. Heartland Bank & Trust Co now owns 160,487 shares of the company’s stock worth $4,288,000 after acquiring an additional 143,727 shares in the last quarter. Institutional investors own 78.55% of the company’s stock.

HBT Financial Price Performance

Shares of HBT Financial stock opened at $30.59 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.85 and a current ratio of 0.85. HBT Financial has a 52-week low of $22.36 and a 52-week high of $30.85. The company has a fifty day moving average of $28.30 and a 200-day moving average of $27.31. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 14.03 and a beta of 0.53.

HBT Financial (NASDAQ:HBT) last issued its earnings results on Monday, April 27th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. HBT Financial had a net margin of 22.72% and a return on equity of 13.06%. The company had revenue of $67.84 million for the quarter, compared to analysts’ expectations of $66.75 million. Equities research analysts expect that HBT Financial will post 2.95 EPS for the current year.

HBT Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th were given a $0.23 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. HBT Financial’s payout ratio is presently 42.20%.

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.