Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for HBT Financial (NASDAQ:HBT) Stock

HBT Financial (NASDAQ:HBT - Get Free Report) had its target price hoisted by equities researchers at Keefe, Bruyette & Woods from $28.00 to $30.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 16.19% from the company's previous close.

Separately, Hovde Group upgraded HBT Financial from a "market perform" rating to an "outperform" rating and set a $28.00 target price on the stock in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $28.80.

HBT Financial Stock Down 2.2%

NASDAQ HBT traded down $0.57 during trading on Tuesday, hitting $25.82. The stock had a trading volume of 8,733 shares, compared to its average volume of 33,933. The company has a market capitalization of $813.33 million, a PE ratio of 10.69 and a beta of 0.58. The company's 50-day moving average price is $24.88 and its two-hundred day moving average price is $23.81. 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 has a 12 month low of $19.46 and a 12 month 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, beating the consensus estimate of $0.60 by $0.03. The firm had revenue of $58.80 million for 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 business posted $0.57 EPS. As a group, sell-side analysts forecast that HBT Financial will post 2.34 EPS for the current year.

Institutional Investors Weigh In On HBT Financial

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