HBT Financial (NASDAQ:HBT) Earns Outperform Rating from Raymond James Financial

HBT Financial (NASDAQ:HBT - Get Free Report)'s stock had its "outperform" rating reiterated by research analysts at Raymond James Financial in a note issued to investors on Tuesday,Benzinga reports. They presently have a $30.00 price objective on the stock, up from their previous price objective of $24.00. Raymond James Financial's target price indicates a potential upside of 17.99% from the company's current price.

Other research analysts have also recently issued reports about the stock. Hovde Group upgraded shares of HBT Financial from a "market perform" rating to an "outperform" rating and set a $28.00 price target on the stock in a report on Tuesday, May 6th. Keefe, Bruyette & Woods raised 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. Two 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, HBT Financial currently has an average rating of "Moderate Buy" and an average target price of $28.80.

HBT Financial Stock Performance

NASDAQ HBT traded down $0.04 during trading hours on Tuesday, hitting $25.43. 7,029 shares of the company's stock traded hands, compared to its average volume of 33,894. The business's fifty day moving average price is $24.90 and its two-hundred day moving average price 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 firm has a market capitalization of $800.89 million, a P/E ratio of 10.51 and a beta of 0.58. HBT Financial has a 52 week low of $19.46 and a 52 week high of $26.86.

HBT Financial (NASDAQ:HBT - Get Free Report) last released its earnings results on Monday, July 21st. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $58.80 million for 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 14.18%. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Equities research analysts predict that HBT Financial will post 2.34 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. CWM LLC raised its holdings in shares of HBT Financial by 32.7% during the 2nd quarter. CWM LLC now owns 1,835 shares of the company's stock valued at $46,000 after buying an additional 452 shares during the period. KLP Kapitalforvaltning AS acquired a new position in HBT Financial during the 4th quarter valued at approximately $57,000. GAMMA Investing LLC lifted its holdings in HBT Financial by 4,457.6% in the first quarter. GAMMA Investing LLC now owns 2,689 shares of the company's stock worth $600,000 after purchasing an additional 2,630 shares during the period. Wells Fargo & Company MN lifted its holdings 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 during the period. Finally, Sei Investments Co. acquired a new stake in shares of HBT Financial during the 4th quarter valued at $242,000. Hedge funds and other institutional investors own 78.55% of the company's stock.

About HBT Financial

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.