HBT Financial (NASDAQ:HBT) Sets New 12-Month High - What's Next?

HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $26.71 and last traded at $26.44, with a volume of 8661 shares. The stock had previously closed at $26.57.

Wall Street Analysts Forecast Growth

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

HBT Financial Trading Down 0.8%

The business has a fifty day moving average of $24.26 and a two-hundred day moving average of $23.47. The firm has a market cap of $830.06 million, a price-to-earnings ratio of 11.07 and a beta of 0.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 0.83.

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

HBT Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Tuesday, May 6th. HBT Financial's dividend payout ratio is presently 35.29%.

Institutional Trading of HBT Financial

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in shares of HBT Financial in the first quarter valued at about $286,000. AQR Capital Management LLC boosted its position in HBT Financial by 17.4% in the 1st quarter. AQR Capital Management LLC now owns 15,554 shares of the company's stock valued at $349,000 after buying an additional 2,307 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of HBT Financial by 12.3% during the first quarter. Adage Capital Partners GP L.L.C. now owns 278,159 shares of the company's stock worth $6,234,000 after acquiring an additional 30,467 shares during the last quarter. Trexquant Investment LP lifted its stake in shares of HBT Financial by 9.8% in the first quarter. Trexquant Investment LP now owns 18,361 shares of the company's stock worth $411,000 after acquiring an additional 1,646 shares in the last quarter. Finally, Martingale Asset Management L P boosted its holdings in HBT Financial by 5.3% in the first quarter. Martingale Asset Management L P now owns 46,535 shares of the company's stock valued at $1,043,000 after purchasing an additional 2,363 shares during the last quarter. 78.55% of the stock is owned by institutional investors and hedge funds.

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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