HBT Financial, Inc. (NASDAQ:HBT) Stock Has Average Price Target of $37.40

HBT Financial, Inc. (NASDAQ:HBT) has earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $37.40.

Several equities analysts have recently issued reports on the company. Weiss Ratings upgraded HBT Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Piper Sandler boosted their price objective on HBT Financial from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Hovde Group upped their price objective on HBT Financial from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Wall Street Zen lowered HBT Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Zacks Research raised HBT Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 28th.

HBT Financial Price Performance

Shares of NASDAQ:HBT opened at $35.58 on Friday. HBT Financial has a 12 month low of $22.36 and a 12 month high of $37.51. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 15.27 and a beta of 0.49. The stock’s 50 day moving average price is $35.96 and its 200 day moving average price is $32.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.84 and a quick ratio of 0.84.

HBT Financial (NASDAQ:HBT) last released its earnings results on Monday, July 27th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. The firm had revenue of $80.90 million during the quarter, compared to the consensus estimate of $80.36 million. HBT Financial had a return on equity of 13.46% and a net margin of 23.44%. Equities research analysts anticipate that HBT Financial will post 3.03 earnings per share for the current fiscal year.

HBT Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.8%. This is a boost from HBT Financial’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, August 11th. HBT Financial’s dividend payout ratio (DPR) is presently 42.92%.

Institutional Investors Weigh In On HBT Financial

A number of institutional investors and hedge funds have recently bought and sold shares of HBT. BlackRock Inc. bought a new stake in shares of HBT Financial in the 2nd quarter worth approximately $63,321,000. The Manufacturers Life Insurance Company bought a new stake in HBT Financial during the second quarter worth approximately $15,675,000. Dimensional Fund Advisors LP boosted its holdings in HBT Financial by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 561,159 shares of the company’s stock worth $14,995,000 after buying an additional 15,350 shares in the last quarter. Wellington Management Group LLP bought a new stake in HBT Financial during the second quarter worth approximately $9,552,000. Finally, Bank of New York Mellon Corp acquired a new position in HBT Financial in the second quarter worth approximately $4,472,000. 78.55% of the stock is owned by institutional investors and hedge funds.

HBT Financial Company Profile

HBT Financial, Inc is a bank holding company headquartered in Bloomington, Illinois. Through its principal subsidiary, Heartland Bank and Trust Company, the company provides banking and financial services to individuals, families, farmers, and businesses.

Heartland Bank offers checking and savings accounts, consumer and commercial loans, agricultural lending, mortgages, treasury management, and other deposit and lending products. The bank also provides trust, wealth management, investment, and retirement planning services through its financial services operations.

HBT Financial’s banking operations primarily serve communities across Illinois, with a focus on central and eastern parts of the state.