HBT Financial (NASDAQ:HBT) Reaches New 52-Week High - Here's What Happened

HBT Financial, Inc. (NASDAQ:HBT - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $26.42 and last traded at $25.94, with a volume of 25631 shares. The stock had previously closed at $25.21.

Analyst Ratings Changes

Separately, Hovde Group raised HBT Financial from a "market perform" rating to an "outperform" rating and set a $28.00 target price on the stock in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $25.80.

HBT Financial Stock Performance

The stock has a market capitalization of $816.80 million, a PE ratio of 10.90 and a beta of 0.58. The business's 50 day moving average is $23.95 and its 200 day moving average is $23.33. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18.

HBT Financial (NASDAQ:HBT - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. The business had revenue of $63.14 million during the quarter, compared to the consensus estimate of $57.57 million. HBT Financial had a net margin of 25.88% and a return on equity of 14.13%. During the same quarter last year, the firm earned $0.57 earnings per share. On average, equities research analysts predict that HBT Financial, Inc. will post 2.34 earnings per share for the current fiscal year.

HBT Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Tuesday, May 6th. HBT Financial's dividend payout ratio is currently 35.29%.

Hedge Funds Weigh In On HBT Financial

Several hedge funds have recently bought and sold shares of the business. Picton Mahoney Asset Management grew its stake in HBT Financial by 47.7% in the 4th quarter. Picton Mahoney Asset Management now owns 1,335 shares of the company's stock worth $29,000 after acquiring an additional 431 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of HBT Financial in the fourth quarter valued at approximately $57,000. Wells Fargo & Company MN grew its stake in HBT Financial by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 7,522 shares of the company's stock worth $165,000 after purchasing an additional 1,638 shares in the last quarter. Sei Investments Co. purchased a new position in HBT Financial during the 4th quarter worth $242,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in HBT Financial during the 1st quarter worth $264,000. Institutional investors 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.