HBT Financial, Inc. (NASDAQ:HBT - Get Free Report)'s share price shot up 16.2% during trading on Thursday . The company traded as high as $26.60 and last traded at $30.28. 14,416 shares were traded during mid-day trading, a decline of 57% from the average session volume of 33,449 shares. The stock had previously closed at $26.05.
Analyst Upgrades and Downgrades
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 assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $25.80.
Check Out Our Latest Stock Report on HBT Financial
HBT Financial Trading Up 16.2%
The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $24.00 and a 200 day moving average of $23.35. The firm has a market cap of $953.82 million, a PE ratio of 12.72 and a beta of 0.58.
HBT Financial (NASDAQ:HBT - Get Free Report) last posted its earnings results on Monday, April 21st. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.04. The business had revenue of $63.14 million during the quarter, compared to analyst estimates of $57.57 million. HBT Financial had a return on equity of 14.13% and a net margin of 25.88%. During the same quarter in the previous year, the firm earned $0.57 EPS. Equities analysts anticipate that HBT Financial, Inc. will post 2.34 earnings per share for the current year.
HBT Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were issued a $0.21 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.84 annualized dividend and a dividend yield of 2.77%. HBT Financial's payout ratio is currently 35.29%.
Institutional Trading of HBT Financial
Several institutional investors have recently added to or reduced their stakes in HBT. First Trust Advisors LP bought a new stake in HBT Financial in the 4th quarter worth $422,000. JPMorgan Chase & Co. lifted its holdings in HBT Financial by 96.8% in the 4th quarter. JPMorgan Chase & Co. now owns 46,109 shares of the company's stock worth $1,010,000 after buying an additional 22,682 shares during the period. Dimensional Fund Advisors LP grew its position in shares of HBT Financial by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 461,630 shares of the company's stock worth $10,110,000 after buying an additional 29,200 shares during the last quarter. Rhumbline Advisers increased its stake in shares of HBT Financial by 9.0% during the fourth quarter. Rhumbline Advisers now owns 20,758 shares of the company's stock valued at $455,000 after buying an additional 1,711 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in shares of HBT Financial during the fourth quarter valued at approximately $389,000. 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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