HBT Financial (NASDAQ:HBT - Free Report) had its target price lifted by Piper Sandler from $26.00 to $29.00 in a research note published on Tuesday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.
A number of other equities research analysts also recently commented on HBT. Keefe, Bruyette & Woods lifted their target price on HBT Financial from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday. DA Davidson boosted their target price on shares of HBT Financial from $23.00 to $27.00 and gave the company a "neutral" rating in a research report on Tuesday. Raymond James Financial reaffirmed an "outperform" rating and set a $30.00 price target (up from $24.00) on shares of HBT Financial in a research report on Tuesday. Finally, Hovde Group raised HBT Financial from a "market perform" rating to an "outperform" rating and set a $28.00 price objective for the company in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.80.
Check Out Our Latest Stock Analysis on HBT Financial
HBT Financial Stock Performance
Shares of NASDAQ HBT traded down $0.04 during midday trading on Tuesday, reaching $25.43. The company had a trading volume of 7,029 shares, compared to its average volume of 33,894. HBT Financial has a 1 year low of $19.46 and a 1 year high of $26.86. The business's 50-day simple moving average is $24.90 and its 200 day simple moving average is $23.84. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The stock has a market cap of $800.89 million, a P/E ratio of 10.51 and a beta of 0.58.
HBT Financial (NASDAQ:HBT - Get Free Report) last issued 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 company had revenue of $58.80 million during the quarter, compared to analysts' expectations of $59.45 million. HBT Financial had a return on equity of 14.18% and a net margin of 26.22%. During the same quarter in the previous year, the firm posted $0.57 EPS. On average, analysts forecast that HBT Financial will post 2.34 earnings per share for the current fiscal year.
Institutional Trading of HBT Financial
A number of institutional investors and hedge funds have recently made changes to their positions in HBT. CWM LLC lifted its holdings in HBT Financial by 32.7% in the 2nd quarter. CWM LLC now owns 1,835 shares of the company's stock valued at $46,000 after purchasing an additional 452 shares in the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of HBT Financial by 1.0% during the second quarter. Johnson Investment Counsel Inc. now owns 99,108 shares of the company's stock worth $2,499,000 after buying an additional 1,008 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of HBT Financial by 7.5% in the fourth quarter. Hsbc Holdings PLC now owns 17,848 shares of the company's stock valued at $391,000 after buying an additional 1,244 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of HBT Financial by 4.2% in the first quarter. Russell Investments Group Ltd. now owns 33,295 shares of the company's stock worth $746,000 after buying an additional 1,335 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of 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 buying an additional 1,638 shares in the last quarter. 78.55% of the stock is currently owned by hedge funds and other institutional investors.
About HBT Financial
(
Get Free Report)
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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