Analysts Set HBT Financial, Inc. (NASDAQ:HBT) PT at $33.25

Shares of HBT Financial, Inc. (NASDAQ:HBT) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $33.25.

A number of analysts recently issued reports on HBT shares. DA Davidson raised their price objective on shares of HBT Financial from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Keefe, Bruyette & Woods increased their target price on shares of HBT Financial from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Tuesday, July 28th. Zacks Research lowered shares of HBT Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Wall Street Zen cut shares of HBT Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Piper Sandler upped their price objective on HBT Financial from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, June 26th.

HBT Financial Stock Performance

Shares of HBT Financial stock opened at $36.35 on Tuesday. The business’s fifty day simple moving average is $32.13 and its 200 day simple moving average is $29.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.20. HBT Financial has a 12 month low of $22.36 and a 12 month high of $36.83. The firm has a market capitalization of $1.32 billion, a P/E ratio of 15.60 and a beta of 0.51.

HBT Financial (NASDAQ:HBT) last announced its earnings results on Monday, July 27th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.05. The firm had revenue of $80.90 million during the quarter, compared to analyst estimates of $80.36 million. HBT Financial had a return on equity of 14.03% and a net margin of 23.44%. As a group, analysts anticipate that HBT Financial will post 3.01 EPS for the current year.

HBT Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 11th will be given a $0.25 dividend. This is an increase from HBT Financial’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, August 11th. HBT Financial’s dividend payout ratio (DPR) is 42.92%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in HBT Financial in the 2nd quarter worth about $63,321,000. Dimensional Fund Advisors LP raised its stake in HBT Financial by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 561,159 shares of the company’s stock valued at $14,995,000 after acquiring an additional 15,350 shares during the period. LPL Financial LLC lifted its holdings in HBT Financial by 3.2% during the fourth quarter. LPL Financial LLC now owns 318,379 shares of the company’s stock valued at $8,230,000 after purchasing an additional 9,874 shares during the last quarter. Geode Capital Management LLC lifted its holdings in HBT Financial by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 288,455 shares of the company’s stock valued at $7,458,000 after purchasing an additional 16,641 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its position in 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 worth $6,658,000 after purchasing an additional 87,085 shares during the period. Hedge funds and other institutional investors own 78.55% of the company’s stock.

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.