HBT Financial, Inc. (NASDAQ:HBT) Stock Has Consensus Target Price of $37.40 According to Analysts

Shares of HBT Financial, Inc. (NASDAQ:HBT) have been given a consensus recommendation of “Buy” by the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $37.40.

HBT has been the subject of several research reports. Weiss Ratings raised HBT Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. Piper Sandler raised their price target on HBT Financial from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Wall Street Zen downgraded HBT Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $41.00 price objective (up from $38.00) on shares of HBT Financial in a research note on Thursday, August 13th. Finally, Zacks Research upgraded shares of HBT Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 28th.

HBT Financial Trading Up 2.7%

NASDAQ HBT opened at $36.24 on Friday. The firm’s fifty day moving average price is $35.89 and its 200 day moving average price is $32.50. HBT Financial has a 12 month low of $22.37 and a 12 month high of $37.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 15.55 and a beta of 0.49.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings results on Monday, July 27th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. The firm had revenue of $80.90 million during the quarter, compared to analysts’ expectations of $80.36 million. HBT Financial had a net margin of 23.44% and a return on equity of 13.46%. On average, sell-side analysts expect that HBT Financial will post 3.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Detalus Advisors LLC purchased a new position in shares of HBT Financial during the third quarter worth about $861,000. Sequoia Financial Advisors LLC purchased a new stake in HBT Financial during the 2nd quarter valued at approximately $451,000. Squarepoint Ops LLC acquired a new stake in HBT Financial during the 2nd quarter worth approximately $374,000. Wellington Management Group LLP purchased a new position in shares of HBT Financial in the 2nd quarter valued at approximately $9,552,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of HBT Financial in the 2nd quarter valued at approximately $147,000. 78.55% of the stock is currently owned by institutional investors and hedge funds.

About HBT Financial

HBT Financial, Inc is a bank holding company headquartered in Bloomington, Illinois. Its principal subsidiary, Heartland Bank and Trust Company, operates as a community bank serving individuals, businesses, agricultural customers and institutions.

Heartland Bank provides a range of traditional banking products, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer loans, commercial lending and agricultural financing. The bank also offers treasury management, online and mobile banking, wealth management, trust and investment services, and other financial solutions.

Through its branch network and digital channels, HBT Financial serves communities primarily across central and eastern Illinois and parts of eastern Iowa.