HBT Financial, Inc. (NASDAQ:HBT) Given Average Recommendation of “Buy” by Analysts

HBT Financial, Inc. (NASDAQ:HBT) has received a consensus rating of “Buy” from the seven research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $29.00.

Several brokerages have issued reports on HBT. Piper Sandler upped their target price on HBT Financial from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, March 13th. Zacks Research raised HBT Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Raymond James Financial raised HBT Financial from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Wednesday, January 7th. Finally, Weiss Ratings raised HBT Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, April 20th.

HBT Financial Stock Up 0.2%

Shares of HBT opened at $28.16 on Friday. The firm has a market cap of $1.03 billion, a P/E ratio of 11.54 and a beta of 0.56. The stock has a 50 day simple moving average of $27.41 and a two-hundred day simple moving average of $26.25. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. HBT Financial has a 1 year low of $22.36 and a 1 year high of $29.88.

HBT Financial (NASDAQ:HBT) last issued its earnings results on Monday, January 26th. The company reported $0.64 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.64. The business had revenue of $61.46 million during the quarter, compared to analyst estimates of $61.00 million. HBT Financial had a return on equity of 13.50% and a net margin of 26.20%. On average, analysts forecast that HBT Financial will post 2.89 earnings per share for the current fiscal year.

HBT Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from HBT Financial’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, February 9th. HBT Financial’s payout ratio is currently 37.70%.

Institutional Trading of HBT Financial

A number of institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC boosted its stake in shares of HBT Financial by 18.8% during the fourth quarter. Hsbc Holdings PLC now owns 19,854 shares of the company’s stock valued at $518,000 after purchasing an additional 3,136 shares during the period. Trexquant Investment LP boosted its stake in shares of HBT Financial by 70.1% during the fourth quarter. Trexquant Investment LP now owns 28,991 shares of the company’s stock valued at $749,000 after purchasing an additional 11,943 shares during the period. Adage Capital Partners GP L.L.C. boosted its stake in shares of HBT Financial by 51.1% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 257,579 shares of the company’s stock valued at $6,658,000 after purchasing an additional 87,085 shares during the period. Barclays PLC boosted its stake in shares of HBT Financial by 3.2% during the fourth quarter. Barclays PLC now owns 56,317 shares of the company’s stock valued at $1,456,000 after purchasing an additional 1,732 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of HBT Financial by 315.1% during the fourth quarter. Wells Fargo & Company MN now owns 36,449 shares of the company’s stock valued at $942,000 after purchasing an additional 27,669 shares during the period. Hedge funds and other institutional investors own 78.55% of the company’s stock.

HBT Financial Company Profile

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.