HBT Financial, Inc. (NASDAQ:HBT) Receives Average Recommendation of "Hold" from Brokerages

Shares of HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) have earned a consensus rating of "Hold" from the six brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $24.75.

A number of research firms have recently weighed in on HBT. Piper Sandler dropped their target price on shares of HBT Financial from $27.00 to $26.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Hovde Group assumed coverage on HBT Financial in a report on Thursday, March 27th. They issued a "market perform" rating and a $24.50 price objective for the company.

HBT Financial Trading Down 1.1 %

HBT stock traded down $0.26 during midday trading on Monday, hitting $23.64. The company had a trading volume of 2,532 shares, compared to its average volume of 32,501. The stock has a market cap of $747.76 million, a price-to-earnings ratio of 10.46 and a beta of 0.62. HBT Financial has a 52 week low of $18.16 and a 52 week high of $26.25. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20. The stock's 50 day moving average price is $23.04 and its 200 day moving average price is $23.05.

HBT Financial (NASDAQ:HBT - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.04. The company had revenue of $63.14 million during the quarter, compared to analyst estimates of $57.57 million. HBT Financial had a net margin of 24.99% and a return on equity of 14.57%. During the same period in the prior year, the business posted $0.57 EPS. As a group, equities research analysts expect that HBT Financial will post 2.34 earnings per share for the current fiscal year.

HBT Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.84 annualized dividend and a yield of 3.55%. HBT Financial's payout ratio is 35.29%.

Insider Transactions at HBT Financial

In related news, Chairman Fred L. Drake sold 10,000 shares of HBT Financial stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $24.38, for a total transaction of $243,800.00. Following the completion of the transaction, the chairman now directly owns 58,670 shares of the company's stock, valued at $1,430,374.60. This trade represents a 14.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Patrick F. Busch sold 8,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $24.77, for a total transaction of $198,160.00. Following the completion of the sale, the director now owns 182,000 shares in the company, valued at approximately $4,508,140. This trade represents a 4.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,900 shares of company stock valued at $969,500. Corporate insiders own 59.80% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management increased its holdings in shares of HBT Financial by 47.7% during the fourth quarter. Picton Mahoney Asset Management now owns 1,335 shares of the company's stock valued at $29,000 after acquiring an additional 431 shares in the last quarter. SG Americas Securities LLC increased its stake in HBT Financial by 13.6% during the 4th quarter. SG Americas Securities LLC now owns 6,309 shares of the company's stock valued at $138,000 after purchasing an additional 756 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of HBT Financial by 7.5% in the fourth quarter. Hsbc Holdings PLC now owns 17,848 shares of the company's stock worth $391,000 after buying an additional 1,244 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of HBT Financial by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 7,522 shares of the company's stock worth $165,000 after buying an additional 1,638 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of HBT Financial by 9.0% during the fourth quarter. Rhumbline Advisers now owns 20,758 shares of the company's stock valued at $455,000 after buying an additional 1,711 shares during the last quarter. Hedge funds and other institutional investors own 78.55% of the company's stock.

HBT Financial Company Profile

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.