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

HBT Financial, Inc. (NASDAQ:HBT)’s stock price hit a new 52-week high on Monday . The company traded as high as $27.04 and last traded at $27.0450, with a volume of 2964 shares. The stock had previously closed at $26.58.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HBT. Raymond James Financial cut HBT Financial from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 7th. Piper Sandler lowered their target price on shares of HBT Financial from $29.00 to $27.50 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. DA Davidson set a $27.00 target price on shares of HBT Financial in a research report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of HBT Financial in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $28.50.

HBT Financial Stock Performance

The firm has a fifty day simple moving average of $24.22 and a 200 day simple moving average of $24.93. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10. The stock has a market cap of $844.52 million, a price-to-earnings ratio of 10.83 and a beta of 0.60.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings data on Monday, October 20th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.03. The company had revenue of $59.84 million for the quarter, compared to analyst estimates of $60.31 million. HBT Financial had a return on equity of 13.81% and a net margin of 26.64%.During the same quarter last year, the firm earned $0.61 EPS. As a group, sell-side analysts expect that HBT Financial, Inc. will post 2.34 earnings per share for the current year.

HBT Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, November 3rd. HBT Financial’s dividend payout ratio (DPR) is presently 33.87%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. lifted its holdings in shares of HBT Financial by 162.0% during the second quarter. Hillsdale Investment Management Inc. now owns 107,004 shares of the company’s stock valued at $2,698,000 after acquiring an additional 66,161 shares during the period. American Century Companies Inc. increased its position in shares of HBT Financial by 42.4% during the 1st quarter. American Century Companies Inc. now owns 189,727 shares of the company’s stock worth $4,252,000 after purchasing an additional 56,521 shares in the last quarter. Rosenthal Henry Capital Advisors Inc. lifted its holdings in HBT Financial by 117.8% during the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 92,547 shares of the company’s stock valued at $2,332,000 after purchasing an additional 50,047 shares during the last quarter. Nuveen LLC acquired a new position in HBT Financial in the first quarter valued at about $786,000. Finally, Adage Capital Partners GP L.L.C. grew its stake in HBT Financial by 12.3% during the first quarter. Adage Capital Partners GP L.L.C. now owns 278,159 shares of the company’s stock worth $6,234,000 after buying an additional 30,467 shares during the last quarter. Institutional investors 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.