HBT Financial (NASDAQ:HBT) Stock Moved Up to Buy by Wall Street Zen

Key Points

• Wall Street Zen upgraded HBT Financial from “hold” to “buy.” MarketBeat reports an average analyst rating of “buy” and an average price target of $39.20.
• HBT Financial reported quarterly earnings of $0.86 per share, topping the $0.79 consensus estimate, and revenue of $84.21 million, also above forecasts.
• Institutional investors and hedge funds own 78.55% of HBT Financial’s shares.

HBT Financial (NASDAQ:HBT - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

HBT has been the topic of a number of other reports. Zacks Research upgraded shares of HBT Financial from a "hold" rating to a "strong-buy" rating in a report on Monday, September 28th. Piper Sandler increased their target price on HBT Financial from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Tuesday, October 27th. DA Davidson lifted their price target on HBT Financial from $37.00 to $39.00 and gave the company a "neutral" rating in a research note on Tuesday, October 27th. Hovde Group boosted their price target on HBT Financial from $40.00 to $44.00 and gave the company an "outperform" rating in a report on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods raised their price target on shares of HBT Financial from $41.00 to $43.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $39.20.

HBT Financial Price Performance

NASDAQ HBT opened at $36.95 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.84 and a current ratio of 0.85. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 12.67 and a beta of 0.43. The business has a 50 day simple moving average of $36.23 and a 200 day simple moving average of $31.70. HBT Financial has a 52-week low of $22.37 and a 52-week high of $38.79.

HBT Financial (NASDAQ:HBT - Get Free Report) last announced its quarterly earnings results on Monday, October 26th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. The firm had revenue of $84.21 million for the quarter, compared to analyst estimates of $82.87 million. HBT Financial had a net margin of 24.66% and a return on equity of 14.26%. Analysts anticipate that HBT Financial will post 3.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HBT Financial

Several hedge funds and other institutional investors have recently made changes to their positions in HBT. Public Employees Retirement System of Ohio bought a new stake in shares of HBT Financial during the second quarter worth $147,000. Berger Financial Group Inc acquired a new position in shares of HBT Financial during the third quarter worth $201,000. Canada Pension Plan Investment Board bought a new position in shares of HBT Financial in the 2nd quarter valued at $240,000. Fifth Third Bancorp bought a new position in shares of HBT Financial in the 1st quarter valued at $241,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of HBT Financial during the 2nd quarter valued at $282,000. 78.55% of the stock is currently owned by institutional investors and hedge funds.

About HBT Financial

HBT Financial, Inc. is a bank holding company headquartered in Bloomington, Illinois. Its principal subsidiary, Heartland Bank and Trust Company, provides commercial and consumer banking services to individuals, businesses and organizations. The bank offers deposit accounts, loans and other lending services, as well as trust, wealth management and related financial services. Its branch network serves communities across Illinois and eastern Iowa. HBT Financial became the parent company of Heartland Bank and Trust in 2019.

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