JPMorgan Chase & Co. Raises HBT Financial (NASDAQ:HBT) Price Target to $22.00

HBT Financial (NASDAQ:HBT) had its target price raised by JPMorgan Chase & Co. from $21.00 to $22.00 in a report released on Tuesday, Benzinga reports. They currently have an underweight rating on the stock.

HBT Financial Stock Up 0.2 %

Shares of HBT Financial stock opened at $18.89 on Tuesday. The firm has a market cap of $597.11 million, a P/E ratio of 8.36 and a beta of 0.86. The business has a 50-day moving average price of $18.92 and a 200 day moving average price of $19.34. HBT Financial has a fifty-two week low of $16.33 and a fifty-two week high of $21.87. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.21.

HBT Financial (NASDAQ:HBT) last announced its earnings results on Wednesday, January 24th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. HBT Financial had a net margin of 26.29% and a return on equity of 16.41%. The company had revenue of $70.62 million for the quarter, compared to the consensus estimate of $57.78 million. During the same period in the previous year, the business earned $0.62 EPS. On average, sell-side analysts forecast that HBT Financial will post 2.23 earnings per share for the current fiscal year.

HBT Financial Dividend Announcement

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

Insider Buying and Selling

In other HBT Financial news, Director Roger A. Baker acquired 1,888 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average cost of $18.68 per share, for a total transaction of $35,267.84. Following the completion of the acquisition, the director now owns 555,980 shares of the company’s stock, valued at approximately $10,385,706.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other HBT Financial news, Director Roger A. Baker purchased 3,632 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average price of $18.86 per share, with a total value of $68,499.52. Following the completion of the transaction, the director now directly owns 559,804 shares of the company’s stock, valued at approximately $10,557,903.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Roger A. Baker purchased 1,888 shares of the company’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 $10,385,706.40. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 5,820 shares of company stock worth $109,417. Corporate insiders own 58.60% of the company’s stock.

Institutional Trading of HBT Financial

Several hedge funds have recently modified their holdings of HBT. Tower Research Capital LLC TRC increased its holdings in shares of HBT Financial by 70.3% in the fourth 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. SG Americas Securities LLC bought a new position in HBT Financial in the third quarter valued at approximately $121,000. Meredith Wealth Planning bought a new position in HBT Financial in the fourth quarter valued at approximately $203,000. Assenagon Asset Management S.A. bought a new position in HBT Financial in the fourth quarter valued at approximately $1,010,000. Finally, Los Angeles Capital Management LLC boosted its stake in HBT Financial by 40.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock valued at $1,420,000 after acquiring an additional 19,440 shares during 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.