HBT Financial, Inc. (NASDAQ:HBT) Receives Consensus Recommendation of "Moderate Buy" from 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.

Shares of HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $28.80.

HBT has been the subject of a number of research reports. DA Davidson lifted their price objective 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. Zacks Research raised shares of HBT Financial from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Raymond James Financial reissued an "outperform" rating and set a $30.00 price target (up previously from $24.00) on shares of HBT Financial in a report on Tuesday, July 22nd. Keefe, Bruyette & Woods boosted their price target on shares of HBT Financial from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Finally, Piper Sandler boosted their price target on shares of HBT Financial from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd.

HBT Financial Trading Down 1.7%

Shares of HBT stock opened at $25.53 on Friday. The stock has a market cap of $804.07 million, a price-to-earnings ratio of 10.55 and a beta of 0.66. The firm's 50 day moving average price is $25.63 and its two-hundred day moving average price is $24.28. HBT Financial has a fifty-two week low of $19.46 and a fifty-two week 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 data on Monday, July 21st. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.03. The firm had revenue of $58.80 million during the quarter, compared to the consensus estimate of $59.45 million. HBT Financial had a net margin of 26.22% and a return on equity of 13.98%. During the same quarter in the previous year, the company posted $0.57 earnings per share. On average, analysts anticipate that HBT Financial will post 2.34 EPS for the current year.

HBT Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.3%. HBT Financial's payout ratio is 34.71%.

Hedge Funds Weigh In On HBT Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings in shares of HBT Financial by 4.2% during the first quarter. Russell Investments Group Ltd. now owns 33,295 shares of the company's stock valued at $746,000 after acquiring an additional 1,335 shares during the period. American Century Companies Inc. lifted its holdings in HBT Financial by 42.4% in the first quarter. American Century Companies Inc. now owns 189,727 shares of the company's stock worth $4,252,000 after purchasing an additional 56,521 shares during the period. BNP Paribas Financial Markets acquired a new stake in HBT Financial in the fourth quarter worth about $389,000. Bank of America Corp DE lifted its holdings in HBT Financial by 35.0% in the fourth quarter. Bank of America Corp DE now owns 15,615 shares of the company's stock worth $342,000 after purchasing an additional 4,048 shares during the period. Finally, Rosenthal Henry Capital Advisors Inc. lifted its holdings in HBT Financial by 120.1% in the first quarter. Rosenthal Henry Capital Advisors Inc. now owns 93,536 shares of the company's stock worth $2,096,000 after purchasing an additional 51,036 shares during the period. Institutional investors and hedge funds 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.

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