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

Key Points

• HBT Financial, Inc. has received an average rating of "Hold" from analysts, with four hold recommendations and three buy recommendations.
• The company's recent quarterly earnings report showed an EPS of $0.63, exceeding the consensus estimate of $0.60, with a revenue of $58.80 million.
• HBT Financial declared a quarterly dividend of $0.21 per share, resulting in an annualized dividend yield of 3.4% and a payout ratio of 34.71%.

HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) has been given an average rating of "Hold" by the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $28.80.

A number of research firms recently issued reports on HBT. DA Davidson upped their target price on HBT Financial from $23.00 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Weiss Ratings restated a "buy (b)" rating on shares of HBT Financial in a research report on Saturday, September 27th. Raymond James Financial lowered shares of HBT Financial from an "outperform" rating to a "market perform" rating in a report on Tuesday. Zacks Research upgraded shares of HBT Financial from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of HBT Financial from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd.

HBT Financial Price Performance

HBT Financial stock opened at $24.50 on Wednesday. HBT Financial has a 52 week low of $19.46 and a 52 week high of $27.02. The firm has a market capitalization of $771.75 million, a PE ratio of 10.12 and a beta of 0.63. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.17. The firm's 50-day simple moving average is $25.48 and its 200 day simple moving average is $24.50.

HBT Financial (NASDAQ:HBT - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The company reported $0.63 earnings per share (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 13.98%. The company had revenue of $58.80 million for the quarter, compared to the consensus estimate of $59.45 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. On average, equities research analysts predict that HBT Financial will post 2.34 EPS for the current fiscal year.

HBT Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Tuesday, August 5th. HBT Financial's dividend payout ratio is currently 34.71%.

Hedge Funds Weigh In On HBT Financial

Several large investors have recently added to or reduced their stakes in the business. Royce & Associates LP lifted its position in HBT Financial by 8.2% during the first quarter. Royce & Associates LP now owns 359,922 shares of the company's stock worth $8,066,000 after buying an additional 27,169 shares during the period. Adage Capital Partners GP L.L.C. lifted its holdings in shares of HBT Financial by 12.3% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 278,159 shares of the company's stock worth $6,234,000 after acquiring an additional 30,467 shares during the period. American Century Companies Inc. raised its stake in HBT Financial by 15.8% during the second quarter. American Century Companies Inc. now owns 219,619 shares of the company's stock worth $5,537,000 after purchasing an additional 29,892 shares during the period. Acadian Asset Management LLC raised its stake in HBT Financial by 1.9% during the second quarter. Acadian Asset Management LLC now owns 113,115 shares of the company's stock worth $2,847,000 after purchasing an additional 2,153 shares during the period. Finally, Hillsdale Investment Management Inc. raised its stake in HBT Financial by 162.0% during the second quarter. Hillsdale Investment Management Inc. now owns 107,004 shares of the company's stock worth $2,698,000 after purchasing an additional 66,161 shares during the period. 78.55% of the stock is currently owned by hedge funds and other institutional investors.

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.

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