HBT Financial (NASDAQ:HBT) Stock Bumped Up to "Strong-Buy" by Zacks Research

Key Points

• Zacks Research upgraded HBT Financial from “hold” to “strong buy,” while the broader analyst consensus remains “moderate buy” with a $37.40 target price.
• HBT reported quarterly EPS of $0.78, beating estimates of $0.73, and revenue of $80.90 million, slightly above expectations.
• The stock opened at $35.69, near its 12-month high of $37.51, and institutional investors own approximately 78.55% of outstanding shares.

HBT Financial (NASDAQ:HBT - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Monday, Zacks reports.

Several other brokerages have also recently weighed in on HBT. Hovde Group increased their target price on HBT Financial from $40.00 to $44.00 and gave the company an "outperform" rating in a report on Wednesday, August 12th. Weiss Ratings raised HBT Financial from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, July 30th. Piper Sandler raised their target price on shares of HBT Financial from $32.00 to $34.00 and gave the stock a "neutral" rating in a report on Friday, June 26th. DA Davidson upped their price target on HBT Financial from $36.00 to $38.00 and gave the company a "neutral" rating in a research report on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $41.00 price objective (up from $38.00) on shares of HBT Financial in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.40.

HBT Financial Stock Performance

NASDAQ:HBT opened at $35.69 on Monday. The business's 50-day moving average price is $35.86 and its two-hundred day moving average price is $31.42. HBT Financial has a twelve month low of $22.36 and a twelve month high of $37.51. The stock has a market cap of $1.30 billion, a P/E ratio of 15.32 and a beta of 0.51. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.20.

HBT Financial (NASDAQ:HBT - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.73 by $0.05. HBT Financial had a return on equity of 13.46% and a net margin of 23.44%.The company had revenue of $80.90 million during the quarter, compared to analyst estimates of $80.36 million. As a group, equities analysts predict that HBT Financial will post 3.01 EPS for the current fiscal year.

Institutional Investors Weigh In On HBT Financial

A number of large investors have recently added to or reduced their stakes in HBT. Public Employees Retirement System of Ohio purchased a new position in shares of HBT Financial in the second quarter worth approximately $147,000. Canada Pension Plan Investment Board bought a new position in HBT Financial in the second quarter worth approximately $240,000. GSA Capital Partners LLP purchased a new position in shares of HBT Financial during the 2nd quarter worth $282,000. Hsbc Holdings PLC purchased a new stake in shares of HBT Financial in the 2nd quarter worth $285,000. Finally, Fifth Third Bancorp purchased a new stake in shares of HBT Financial in the 1st quarter worth $241,000. Institutional investors own 78.55% of the company's stock.

About HBT Financial

HBT Financial, Inc is a bank holding company headquartered in Bloomington, Illinois. Through its principal subsidiary, Heartland Bank and Trust Company, the company provides banking and financial services to individuals, families, businesses and agricultural customers.

Heartland Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, commercial lending, agricultural financing and treasury management services. Its other services include wealth management, trust and investment services, online and mobile banking, and insurance-related products.

The company serves communities primarily across central, eastern and western Illinois through a network of banking locations and digital channels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.