HBT Financial, Inc. (NASDAQ:HBT) Receives $28.00 Average Target Price from Analysts

Shares of HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $28.80.

HBT has been the subject of several recent research reports. Piper Sandler raised their price objective on shares of HBT Financial from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday. Keefe, Bruyette & Woods lifted their price target on shares of HBT Financial from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday. DA Davidson lifted their price target on shares of HBT Financial from $23.00 to $27.00 and gave the stock a "neutral" rating in a research note on Tuesday. Raymond James Financial reiterated an "outperform" rating and issued a $30.00 price target (up previously from $24.00) on shares of HBT Financial in a research note on Tuesday. Finally, Hovde Group upgraded shares of HBT Financial from a "market perform" rating to an "outperform" rating and set a $28.00 price target for the company in a research note on Tuesday, May 6th.

HBT Financial Trading Up 0.9%

Shares of HBT traded up $0.22 during trading on Tuesday, reaching $25.68. 21,524 shares of the company traded hands, compared to its average volume of 33,998. The stock has a 50-day simple moving average of $24.90 and a 200-day simple moving average of $23.84. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.18. HBT Financial has a twelve month low of $19.46 and a twelve month high of $26.86. The stock has a market cap of $808.92 million, a PE ratio of 10.61 and a beta of 0.58.

HBT Financial (NASDAQ:HBT - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. HBT Financial had a net margin of 26.22% and a return on equity of 14.18%. The business had revenue of $58.80 million during the quarter, compared to analyst estimates of $59.45 million. During the same quarter last year, the firm posted $0.57 earnings per share. On average, analysts anticipate that HBT Financial will post 2.34 earnings per share for the current year.

HBT Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, August 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.27%. HBT Financial's dividend payout ratio is presently 34.71%.

Institutional Trading of HBT Financial

Several institutional investors have recently modified their holdings of HBT. Dimensional Fund Advisors LP increased its holdings in shares of HBT Financial by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 461,630 shares of the company's stock valued at $10,110,000 after acquiring an additional 29,200 shares during the period. Royce & Associates LP increased its stake in HBT Financial by 8.2% in the 1st quarter. Royce & Associates LP now owns 359,922 shares of the company's stock valued at $8,066,000 after buying an additional 27,169 shares during the period. LPL Financial LLC acquired a new position in HBT Financial in the 4th quarter valued at $7,111,000. Adage Capital Partners GP L.L.C. increased its stake in HBT Financial by 12.3% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 278,159 shares of the company's stock valued at $6,234,000 after buying an additional 30,467 shares during the period. Finally, American Century Companies Inc. increased its stake in HBT Financial by 42.4% in the 1st quarter. American Century Companies Inc. now owns 189,727 shares of the company's stock valued at $4,252,000 after buying an additional 56,521 shares during the period. Hedge funds and other institutional investors own 78.55% of the company's stock.

About HBT Financial

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.