HBT Financial (NASDAQ:HBT) Price Target Cut to $21.00

HBT Financial (NASDAQ:HBT) had its price target trimmed by JPMorgan Chase & Co. from $22.00 to $21.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an underweight rating on the stock.

Several other equities analysts have also commented on the company. Piper Sandler upped their price target on HBT Financial from $21.00 to $21.50 and gave the company a neutral rating in a research note on Tuesday, April 23rd. Raymond James raised HBT Financial from a market perform rating to an outperform rating and set a $23.00 price target on the stock in a research note on Friday, May 10th.

HBT Financial Stock Up 6.2 %

Shares of NASDAQ:HBT opened at $20.42 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $19.18 and a two-hundred day moving average of $19.46. The stock has a market cap of $645.07 million, a P/E ratio of 9.04 and a beta of 0.86. HBT Financial has a 52-week low of $17.42 and a 52-week high of $21.87.

HBT Financial (NASDAQ:HBT) last issued its earnings results on Monday, April 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $52.31 million during the quarter, compared to analysts’ expectations of $56.29 million. HBT Financial had a return on equity of 16.14% and a net margin of 26.29%. On average, research analysts expect that HBT Financial will post 2.26 earnings per share for the current year.

HBT Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Monday, May 6th. HBT Financial’s payout ratio is 33.63%.

Insider Buying and Selling

In other news, Director Eric E. Burwell bought 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were purchased at an average price of $18.99 per share, with a total value of $113,940.00. Following the purchase, the director now owns 31,820 shares in the company, valued at $604,261.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 59.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HBT Financial

Several hedge funds have recently bought and sold shares of the company. Cetera Advisors LLC acquired a new position in HBT Financial during the 1st quarter worth about $6,497,000. Vanguard Group Inc. raised its position in HBT Financial by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 626,575 shares of the company’s stock valued at $11,930,000 after purchasing an additional 5,183 shares in the last quarter. LSV Asset Management acquired a new stake in HBT Financial in the 1st quarter valued at about $183,000. Tower Research Capital LLC TRC raised its position in HBT Financial by 70.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock valued at $54,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its position in HBT Financial by 40.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock valued at $1,420,000 after purchasing an additional 19,440 shares in the last quarter. 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.