HBT Financial (NASDAQ:HBT) Upgraded to "Outperform" by Raymond James

Raymond James upgraded shares of HBT Financial (NASDAQ:HBT - Free Report) from a market perform rating to an outperform rating in a research report report published on Friday, Marketbeat reports. The brokerage currently has $23.00 price target on the stock.

A number of other equities analysts have also issued reports on the stock. Piper Sandler increased their target price on shares of HBT Financial from $21.00 to $21.50 and gave the company a neutral rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. increased their target price on shares of HBT Financial from $21.00 to $22.00 and gave the company an underweight rating in a research report on Tuesday, April 23rd.

HBT Financial Stock Performance

Shares of HBT stock traded up $0.42 during trading hours on Friday, reaching $19.57. The stock had a trading volume of 16,928 shares, compared to its average volume of 27,981. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82. HBT Financial has a twelve month low of $16.67 and a twelve month high of $21.87. The firm has a 50-day simple moving average of $18.91 and a 200-day simple moving average of $19.40. The firm has a market capitalization of $618.24 million, a PE ratio of 8.67 and a beta of 0.86.

HBT Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, May 6th. This represents a $0.76 annualized dividend and a dividend yield of 3.88%. HBT Financial's dividend payout ratio (DPR) is 33.63%.

Insider Activity

In other HBT Financial news, Director Roger A. Baker acquired 3,632 shares of HBT Financial stock in a transaction dated Thursday, February 22nd. The stock was 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 in the company, valued at approximately $10,557,903.44. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders acquired 4,932 shares of company stock worth $93,083. Corporate insiders own 59.80% of the company's stock.

Institutional Trading of HBT Financial

A number of hedge funds have recently bought and sold shares of HBT. Vanguard Group Inc. lifted its position in shares of HBT Financial by 0.8% in the first quarter. Vanguard Group Inc. now owns 626,575 shares of the company's stock worth $11,930,000 after purchasing an additional 5,183 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of HBT Financial by 40.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company's stock worth $1,420,000 after purchasing an additional 19,440 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of HBT Financial in the fourth quarter worth approximately $1,010,000. LSV Asset Management purchased a new stake in shares of HBT Financial in the first quarter worth approximately $183,000. Finally, Meredith Wealth Planning purchased a new stake in shares of HBT Financial in the fourth quarter worth approximately $203,000. 78.55% of the stock is owned by hedge funds and other institutional investors.

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.