HBT Financial (NASDAQ:HBT) Price Target Cut to $21.00 by Analysts at JPMorgan Chase & Co.

HBT Financial (NASDAQ:HBT - Free Report) had its price objective cut by JPMorgan Chase & Co. from $21.50 to $21.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have an underweight rating on the stock.

HBT Financial Stock Performance

Shares of HBT Financial stock traded up $0.03 on Thursday, hitting $18.92. The stock had a trading volume of 18,406 shares, compared to its average volume of 26,774. HBT Financial has a 52-week low of $16.33 and a 52-week high of $21.87. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.21. The stock has a market cap of $598.63 million, a price-to-earnings ratio of 9.10 and a beta of 0.86. The company's 50 day moving average price is $19.19 and its 200 day moving average price is $19.27.

HBT Financial (NASDAQ:HBT - Get Free Report) last posted its earnings results on Wednesday, January 24th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. HBT Financial had a return on equity of 16.93% and a net margin of 24.84%. The business had revenue of $70.62 million during the quarter, compared to the consensus estimate of $57.78 million. During the same period in the previous year, the business earned $0.62 EPS. On average, research analysts anticipate that HBT Financial will post 2.21 EPS for the current year.

HBT Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, February 5th. This is an increase from HBT Financial's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 4.02%. HBT Financial's dividend payout ratio is currently 36.54%.

Insider Buying and Selling at HBT Financial

In related news, Director Roger A. Baker acquired 3,632 shares of HBT Financial stock in a transaction on Thursday, February 22nd. The stock was purchased at an average cost of $18.86 per share, with a total value of $68,499.52. Following the purchase, the director now directly owns 559,804 shares in the company, valued at $10,557,903.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other HBT Financial news, Director Roger A. Baker bought 3,632 shares of the company's stock in a transaction on Thursday, February 22nd. The shares were bought at an average price of $18.86 per share, for a total transaction of $68,499.52. Following the transaction, the director now owns 559,804 shares of the company's stock, valued at approximately $10,557,903.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roger A. Baker bought 1,888 shares of the company's stock in a transaction on Wednesday, February 7th. The shares were acquired at an average price of $18.68 per share, for a total transaction of $35,267.84. Following the transaction, the director now directly owns 555,980 shares in the company, valued at approximately $10,385,706.40. The disclosure for this purchase can be found here. Insiders purchased a total of 5,820 shares of company stock valued at $109,417 in the last ninety days. Insiders own 58.60% of the company's stock.

Institutional Investors Weigh In On HBT Financial

A number of institutional investors and hedge funds have recently modified their holdings of HBT. BlackRock Inc. grew its holdings in shares of HBT Financial by 22.3% in the 2nd quarter. BlackRock Inc. now owns 1,732,120 shares of the company's stock worth $31,940,000 after acquiring an additional 316,042 shares during the period. Geode Capital Management LLC grew its holdings in shares of HBT Financial by 34.1% in the 1st quarter. Geode Capital Management LLC now owns 263,785 shares of the company's stock worth $5,202,000 after acquiring an additional 67,026 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in HBT Financial by 179.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 102,217 shares of the company's stock valued at $1,864,000 after buying an additional 65,700 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in HBT Financial by 35.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 212,910 shares of the company's stock valued at $4,198,000 after buying an additional 55,306 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in HBT Financial during the 4th quarter valued at $1,010,000. Institutional investors and hedge funds own 78.55% of the company's stock.

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.