HBT Financial, Inc. (NASDAQ:HBT) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

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Shares of HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) have earned an average rating of "Moderate Buy" from the six research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $28.80.

A number of research analysts have recently commented on the stock. Raymond James Financial restated an "outperform" rating and issued a $30.00 price target (up from $24.00) on shares of HBT Financial in a report on Tuesday, July 22nd. Hovde Group upgraded shares of HBT Financial from a "market perform" rating to an "outperform" rating and set a $28.00 price target on the stock in a report on Tuesday, May 6th. Piper Sandler upped their price target on shares of HBT Financial from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. DA Davidson upped their price target on shares of HBT Financial from $23.00 to $27.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of HBT Financial from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd.

HBT Financial Trading Up 5.8%

Shares of HBT traded up $1.45 during midday trading on Tuesday, hitting $26.58. The stock had a trading volume of 44,284 shares, compared to its average volume of 32,345. HBT Financial has a 1 year low of $19.46 and a 1 year high of $26.86. The firm has a market cap of $837.27 million, a PE ratio of 10.98 and a beta of 0.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.82 and a quick ratio of 0.82. The stock's 50 day moving average is $25.36 and its 200 day moving average is $24.15.

HBT Financial (NASDAQ:HBT - Get Free Report) last announced its earnings results on Monday, July 21st. The company reported $0.63 earnings per share 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 business 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 posted $0.57 earnings per share. As a group, analysts forecast that HBT Financial will post 2.34 EPS for the current fiscal year.

HBT Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were issued a $0.21 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. HBT Financial's dividend payout ratio is presently 34.71%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HBT. CWM LLC increased its position in HBT Financial by 32.7% during the 2nd quarter. CWM LLC now owns 1,835 shares of the company's stock valued at $46,000 after purchasing an additional 452 shares during the period. Tower Research Capital LLC TRC increased its position in HBT Financial by 906.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,249 shares of the company's stock valued at $107,000 after purchasing an additional 3,827 shares during the period. Wells Fargo & Company MN increased its position in HBT Financial by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 7,522 shares of the company's stock valued at $165,000 after purchasing an additional 1,638 shares during the period. Franklin Resources Inc. purchased a new position in HBT Financial during the 2nd quarter valued at about $208,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in HBT Financial during the 2nd quarter valued at about $223,000. 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.