HBT Financial, Inc. (NASDAQ:HBT) Receives $28.50 Consensus PT from Brokerages

HBT Financial, Inc. (NASDAQ:HBT) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $28.50.

HBT has been the subject of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of HBT Financial in a report on Wednesday, October 8th. DA Davidson set a $27.00 price target on shares of HBT Financial in a research report on Tuesday, October 21st. Piper Sandler lowered their price objective on shares of HBT Financial from $29.00 to $27.50 and set a “neutral” rating for the company in a research report on Tuesday, October 21st. Finally, Raymond James Financial upgraded shares of HBT Financial from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Wednesday, January 7th.

HBT Financial Price Performance

Shares of NASDAQ:HBT opened at $27.26 on Friday. The firm has a market cap of $856.78 million, a PE ratio of 10.99 and a beta of 0.58. The company has a fifty day simple moving average of $25.36 and a 200 day simple moving average of $25.33. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10. HBT Financial has a 12-month low of $19.46 and a 12-month high of $27.85.

HBT Financial (NASDAQ:HBT) last posted its quarterly earnings results on Monday, October 20th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. The business had revenue of $59.84 million during the quarter, compared to the consensus estimate of $60.31 million. HBT Financial had a return on equity of 13.81% and a net margin of 26.64%.During the same period last year, the firm earned $0.61 earnings per share. On average, equities research analysts anticipate that HBT Financial will post 2.34 EPS for the current fiscal year.

HBT Financial declared that its Board of Directors has initiated a stock buyback program on Thursday, December 18th that allows the company to buyback $30.00 million in shares. This buyback authorization allows the company to repurchase up to 3.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

HBT Financial Dividend Announcement

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

Institutional Investors Weigh In On HBT Financial

A number of hedge funds and other institutional investors have recently modified their holdings of HBT. Rosenthal Henry Capital Advisors Inc. increased its position in shares of 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 period. Acadian Asset Management LLC boosted its stake in HBT Financial by 1.9% during the second quarter. Acadian Asset Management LLC now owns 113,115 shares of the company’s stock valued at $2,847,000 after buying an additional 2,153 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in HBT Financial by 57.7% during the second quarter. Los Angeles Capital Management LLC now owns 58,517 shares of the company’s stock worth $1,475,000 after acquiring an additional 21,410 shares during the period. Johnson Investment Counsel Inc. raised its position in HBT Financial by 1.0% in the second quarter. Johnson Investment Counsel Inc. now owns 99,108 shares of the company’s stock worth $2,499,000 after acquiring an additional 1,008 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its holdings in HBT Financial by 162.0% in the 2nd 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 last quarter. 78.55% of the stock is currently owned by institutional investors.

About HBT Financial

HBT Financial, Inc is the bank holding company for HomeTrust Bank, a community-focused financial institution based in Lenoir, North Carolina. Through its subsidiary, HomeTrust Bank, the company provides a full suite of personal and business banking services across western North Carolina, eastern Tennessee and Upstate South Carolina. The company’s operations include a network of branch offices, ATMs and online banking platforms designed to serve both urban and rural communities in its primary market areas.

HomeTrust Bank’s product offerings encompass traditional deposit accounts such as checking, savings and money market accounts, as well as certificates of deposit.