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

Key Points

• HBT Financial, Inc. has received a consensus rating of "Moderate Buy" from six brokerage firms, with an average 12-month price target of $28.80.
• The company reported a quarterly EPS of $0.63, exceeding analysts' estimates, and has recently declared a quarterly dividend of $0.21 per share.
• Institutional investors hold 78.55% of HBT Financial's stock, with significant increases in holdings from firms like American Century Companies Inc. and Russell Investments Group Ltd.

HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) has received an average rating of "Moderate Buy" from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $28.80.

A number of equities research analysts have recently weighed in on the stock. Raymond James Financial reiterated an "outperform" rating and issued a $30.00 price target (up from $24.00) on shares of HBT Financial in a research report on Tuesday, July 22nd. Zacks Research raised HBT Financial from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Piper Sandler upped their target price on HBT Financial from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Keefe, Bruyette & Woods raised their price target on HBT Financial from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Finally, DA Davidson boosted their price target on HBT Financial from $23.00 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd.

HBT Financial Stock Performance

Shares of HBT traded up $0.43 during midday trading on Friday, reaching $26.23. 5,838 shares of the stock were exchanged, compared to its average volume of 32,746. The stock's 50 day simple moving average is $25.59 and its 200 day simple moving average is $24.29. The company has a market cap of $826.09 million, a P/E ratio of 10.84 and a beta of 0.66. HBT Financial has a twelve month low of $19.46 and a twelve month high of $27.02. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.17.

HBT Financial (NASDAQ:HBT - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.03. The business 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 last year, the firm earned $0.57 earnings per share. On average, sell-side analysts expect that HBT Financial will post 2.34 earnings per share for the current year.

HBT Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were given a dividend of $0.21 per share. The ex-dividend date was Tuesday, August 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.2%. HBT Financial's dividend payout ratio (DPR) is currently 34.71%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its stake in shares of HBT Financial by 906.9% during the second 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 last quarter. Corient Private Wealth LLC grew its position in HBT Financial by 19.4% during the 2nd quarter. Corient Private Wealth LLC now owns 32,045 shares of the company's stock worth $808,000 after acquiring an additional 5,210 shares during the last quarter. Bank of America Corp DE increased its holdings in HBT Financial by 34.6% in the 2nd quarter. Bank of America Corp DE now owns 12,003 shares of the company's stock worth $303,000 after purchasing an additional 3,085 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in HBT Financial by 86.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 43,474 shares of the company's stock worth $1,096,000 after purchasing an additional 20,100 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in HBT Financial in the second quarter valued at about $297,000. Institutional investors and hedge funds 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.