HBT Financial, Inc. (NASDAQ:HBT) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts rate HBT Financial a “Moderate Buy.” Four of seven brokerages recommend buying the stock, while three rate it a hold; the average 12-month price target is $37.40.
• HBT Financial exceeded quarterly expectations, reporting $0.78 in EPS versus the $0.73 consensus and revenue of $80.90 million versus $80.36 million expected.
• The company increased its quarterly dividend to $0.25 per share, or $1.00 annually, representing a 2.8% yield; institutional investors own 78.55% of outstanding shares.

Shares of HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) have received an average rating of "Moderate Buy" from the seven brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $37.40.

HBT has been the topic of several analyst reports. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $41.00 price target (up from $38.00) on shares of HBT Financial in a report on Thursday, August 13th. Weiss Ratings raised shares of HBT Financial from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, July 30th. Wall Street Zen lowered HBT Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. DA Davidson upped their target price on HBT Financial from $36.00 to $38.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. Finally, Piper Sandler increased their price target on HBT Financial from $32.00 to $34.00 and gave the stock a "neutral" rating in a report on Friday, June 26th.

HBT Financial Stock Performance

NASDAQ:HBT opened at $35.79 on Friday. The firm has a market capitalization of $1.30 billion, a PE ratio of 15.36 and a beta of 0.51. The stock's fifty day moving average is $34.11 and its 200 day moving average is $30.12. HBT Financial has a fifty-two week low of $22.36 and a fifty-two week high of $37.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.84 and a current ratio of 0.84.

HBT Financial (NASDAQ:HBT - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.05. HBT Financial had a net margin of 23.44% and a return on equity of 13.46%. The business had revenue of $80.90 million for the quarter, compared to analysts' expectations of $80.36 million. On average, sell-side analysts anticipate that HBT Financial will post 3.01 earnings per share for the current year.

HBT Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 11th were given a $0.25 dividend. This is a boost from HBT Financial's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $1.00 annualized dividend and a yield of 2.8%. HBT Financial's dividend payout ratio is currently 42.92%.

Institutional Trading of HBT Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in shares of HBT Financial by 66.6% during the third quarter. BNP Paribas Financial Markets now owns 3,892 shares of the company's stock worth $98,000 after purchasing an additional 1,556 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of HBT Financial by 906.9% in the second 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 last quarter. Public Employees Retirement System of Ohio purchased a new position in HBT Financial in the 2nd quarter worth about $147,000. Franklin Resources Inc. purchased a new position in HBT Financial in the 2nd quarter worth about $208,000. Finally, Canada Pension Plan Investment Board bought a new stake in HBT Financial during the 2nd quarter valued at about $240,000. Hedge funds and other institutional investors own 78.55% of the company's stock.

About HBT Financial

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.

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