HBT Financial (NASDAQ:HBT) Given New $27.00 Price Target at Keefe, Bruyette & Woods

HBT Financial (NASDAQ:HBT) had its price objective hoisted by stock analysts at Keefe, Bruyette & Woods from $25.00 to $27.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 14.16% from the company’s previous close.

Several other brokerages have also recently commented on HBT. Piper Sandler decreased their price objective on shares of HBT Financial from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. DA Davidson lowered HBT Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $26.00 to $24.00 in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $24.40.

HBT Financial Stock Down 0.9 %

NASDAQ HBT traded down $0.21 during mid-day trading on Wednesday, reaching $23.65. 3,485 shares of the company’s stock traded hands, compared to its average volume of 28,652. The company has a market cap of $746.39 million, a price-to-earnings ratio of 10.75 and a beta of 0.87. HBT Financial has a 1-year low of $17.75 and a 1-year high of $25.35. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $22.67 and a 200-day simple moving average of $21.60.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings data on Monday, October 21st. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $56.44 million during the quarter, compared to analysts’ expectations of $57.05 million. HBT Financial had a return on equity of 14.70% and a net margin of 24.68%. As a group, equities research analysts expect that HBT Financial will post 2.33 EPS for the current year.

Insider Activity at HBT Financial

In other HBT Financial news, Chairman Fred L. Drake sold 5,000 shares of HBT Financial stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $24.89, for a total transaction of $124,450.00. Following the completion of the sale, the chairman now owns 73,670 shares of the company’s stock, valued at $1,833,646.30. The trade was a 6.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 11,998 shares of company stock worth $291,710 over the last 90 days. Insiders own 59.80% of the company’s stock.

Hedge Funds Weigh In On HBT Financial

A number of large investors have recently bought and sold shares of HBT. FMR LLC increased its stake in shares of HBT Financial by 70.1% during the third quarter. FMR LLC now owns 4,329 shares of the company’s stock worth $95,000 after acquiring an additional 1,784 shares during the period. SG Americas Securities LLC acquired a new stake in HBT Financial in the third quarter valued at approximately $122,000. GSA Capital Partners LLP bought a new stake in HBT Financial in the 3rd quarter valued at $251,000. Hsbc Holdings PLC lifted its position in HBT Financial by 3.8% during the 2nd quarter. Hsbc Holdings PLC now owns 14,605 shares of the company’s stock worth $287,000 after buying an additional 541 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in HBT Financial during the 3rd quarter worth approximately $295,000. 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.