HBT Financial, Inc. (NASDAQ:HBT) Receives Average Rating of "Moderate Buy" from Analysts

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HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $28.80.

A number of research analysts have recently commented on HBT shares. DA Davidson upped their price objective on shares of HBT Financial from $23.00 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. 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. Raymond James Financial reaffirmed an "outperform" rating and set a $30.00 price objective (up previously from $24.00) on shares of HBT Financial in a research note on Tuesday, July 22nd. Piper Sandler upped 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, July 22nd. Finally, Zacks Research raised shares of HBT Financial from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th.

Institutional Investors Weigh In On HBT Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings 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 worth $107,000 after buying an additional 3,827 shares during the period. Corient Private Wealth LLC grew its stake in HBT Financial by 19.4% during the 2nd quarter. Corient Private Wealth LLC now owns 32,045 shares of the company's stock valued at $808,000 after acquiring an additional 5,210 shares in the last quarter. Bank of America Corp DE grew its stake in HBT Financial by 34.6% during the 2nd quarter. Bank of America Corp DE now owns 12,003 shares of the company's stock valued at $303,000 after acquiring an additional 3,085 shares in the last quarter. Ameriprise Financial Inc. grew its stake in HBT Financial by 86.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 43,474 shares of the company's stock valued at $1,096,000 after acquiring an additional 20,100 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in HBT Financial during the 2nd quarter valued at about $297,000. 78.55% of the stock is currently owned by institutional investors.

HBT Financial Price Performance

HBT Financial stock opened at $25.11 on Tuesday. HBT Financial has a 52 week low of $19.46 and a 52 week high of $26.86. 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 $25.24 and its 200 day simple moving average is $24.12. The firm has a market capitalization of $790.97 million, a PE ratio of 10.38 and a beta of 0.63.

HBT Financial (NASDAQ:HBT - Get Free Report) last released its earnings results on Monday, July 21st. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.03. The company had revenue of $58.80 million for the quarter, compared to analyst estimates of $59.45 million. HBT Financial had a net margin of 26.22% and a return on equity of 13.98%. During the same period in the prior year, the firm earned $0.57 EPS. On average, equities research analysts predict that HBT Financial will post 2.34 EPS for the current fiscal year.

HBT Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Investors 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 3.3%. The ex-dividend date was Tuesday, August 5th. HBT Financial's dividend payout ratio (DPR) is currently 34.71%.

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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