HBT Financial (NASDAQ:HBT) PT Raised to $21.50 at Piper Sandler

HBT Financial (NASDAQ:HBT) had its target price boosted by Piper Sandler from $21.00 to $21.50 in a research report released on Tuesday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Separately, JPMorgan Chase & Co. lifted their price objective on HBT Financial from $21.00 to $22.00 and gave the stock an underweight rating in a research report on Tuesday.

HBT Financial Stock Performance

HBT stock opened at $18.89 on Tuesday. The stock has a 50-day moving average price of $18.92 and a 200-day moving average price of $19.34. HBT Financial has a 1-year low of $16.33 and a 1-year 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 firm has a market cap of $597.11 million, a PE ratio of 8.36 and a beta of 0.86.

HBT Financial (NASDAQ:HBT) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. HBT Financial had a return on equity of 16.41% and a net margin of 26.29%. The firm had revenue of $70.62 million during the quarter, compared to analyst estimates of $57.78 million. During the same period last year, the company posted $0.62 EPS. As a group, equities research analysts expect that HBT Financial will post 2.23 earnings per share for the current year.

HBT Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Monday, May 6th. HBT Financial’s payout ratio is 33.63%.

Insider Activity at HBT Financial

In other news, Director Roger A. Baker bought 1,888 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired at an average cost of $18.68 per share, with a total value of $35,267.84. Following the transaction, the director now directly owns 555,980 shares of the company’s stock, valued at approximately $10,385,706.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Roger A. Baker bought 1,888 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired at an average cost of $18.68 per share, with a total value of $35,267.84. Following the transaction, the director now directly owns 555,980 shares of the company’s stock, valued at approximately $10,385,706.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Roger A. Baker purchased 3,632 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were bought at an average price 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 approximately $10,557,903.44. The disclosure for this purchase can be found here. Insiders bought 5,820 shares of company stock valued at $109,417 in the last three months. Corporate insiders own 58.60% of the company’s stock.

Hedge Funds Weigh In On HBT Financial

A number of hedge funds have recently added to or reduced their stakes in HBT. Assenagon Asset Management S.A. acquired a new position in HBT Financial during the 4th quarter valued at about $1,010,000. Los Angeles Capital Management LLC boosted its stake in HBT Financial by 40.6% during 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 during the last quarter. Meredith Wealth Planning acquired a new position in HBT Financial during the 4th quarter valued at about $203,000. SG Americas Securities LLC acquired a new position in HBT Financial during the 3rd quarter valued at about $121,000. Finally, Tower Research Capital LLC TRC boosted its stake in HBT Financial by 70.3% during 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 during the last quarter. Institutional investors and hedge funds 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.