HBT Financial (NASDAQ:HBT) Sets New 12-Month High – What’s Next?

HBT Financial, Inc. (NASDAQ:HBT)’s share price hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $38.47 and last traded at $37.7650, with a volume of 9,859 shares traded. The stock had previously closed at $37.51.

Wall Street Analysts Forecast Growth

HBT has been the subject of a number of research reports. DA Davidson upped their target price on shares of HBT Financial from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, October 27th. Piper Sandler increased their target price on shares of HBT Financial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 27th. Keefe, Bruyette & Woods raised their price target on HBT Financial from $41.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, October 27th. Zacks Research raised HBT Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, September 28th. Finally, Wall Street Zen cut HBT Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $39.20.

HBT Financial Stock Down 1.8%

The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 14.50 and a beta of 0.43. The firm’s 50 day simple moving average is $36.05 and its 200-day simple moving average is $31.40.

HBT Financial (NASDAQ:HBT) last released its earnings results on Monday, October 26th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. The company had revenue of $84.21 million during the quarter, compared to analysts’ expectations of $82.87 million. HBT Financial had a net margin of 24.66% and a return on equity of 14.48%. On average, sell-side analysts anticipate that HBT Financial, Inc. will post 3.16 EPS for the current fiscal year.

HBT Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Monday, November 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, November 9th. HBT Financial’s dividend payout ratio is currently 39.06%.

Institutional Investors Weigh In On HBT Financial

Hedge funds have recently added to or reduced their stakes in the company. Detalus Advisors LLC purchased a new position in shares of HBT Financial in the 3rd quarter valued at about $861,000. Sequoia Financial Advisors LLC purchased a new stake in HBT Financial during the second quarter worth about $451,000. Squarepoint Ops LLC purchased a new stake in HBT Financial during the second quarter worth about $374,000. Wellington Management Group LLP purchased a new stake in HBT Financial during the second quarter worth about $9,552,000. Finally, Public Employees Retirement System of Ohio acquired a new position in HBT Financial during the second quarter worth about $147,000. Institutional investors and hedge funds own 78.55% of the company’s stock.

About HBT Financial

HBT Financial, Inc is a bank holding company headquartered in Bloomington, Illinois. Its principal subsidiary, Heartland Bank and Trust Company, operates as a community bank serving individuals, businesses, agricultural customers and institutions.

Heartland Bank provides a range of traditional banking products, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer loans, commercial lending and agricultural financing. The bank also offers treasury management, online and mobile banking, wealth management, trust and investment services, and other financial solutions.

Through its branch network and digital channels, HBT Financial serves communities primarily across central and eastern Illinois and parts of eastern Iowa.