Piper Sandler Increases HBT Financial (NASDAQ:HBT) Price Target to $21.50

HBT Financial (NASDAQ:HBT) had its price target hoisted by equities research analysts at Piper Sandler from $21.00 to $21.50 in a report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s target price indicates a potential upside of 13.22% from the company’s current price.

Separately, JPMorgan Chase & Co. upped their price objective on shares of HBT Financial from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday.

HBT Financial Stock Performance

Shares of HBT Financial stock opened at $18.99 on Tuesday. The company has a market capitalization of $600.27 million, a PE ratio of 8.40 and a beta of 0.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.79 and a current ratio of 0.80. The company has a 50-day simple moving average of $18.95 and a two-hundred day simple moving average of $19.34. HBT Financial has a one year low of $16.33 and a one year high of $21.87.

HBT Financial (NASDAQ:HBT) last announced its earnings results on Wednesday, January 24th. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. HBT Financial had a net margin of 26.29% and a return on equity of 16.41%. The business had revenue of $70.62 million during the quarter, compared to the consensus estimate of $57.78 million. During the same period in the previous year, the company posted $0.62 earnings per share. Research analysts expect that HBT Financial will post 2.24 EPS for the current fiscal year.

Insider Activity

In related news, Director Roger A. Baker acquired 3,632 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were purchased at an average price of $18.86 per share, for a total transaction of $68,499.52. Following the completion of the acquisition, the director now directly owns 559,804 shares in the company, valued at approximately $10,557,903.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Roger A. Baker bought 1,888 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were purchased at an average price of $18.68 per share, for a total transaction of $35,267.84. Following the completion of the transaction, the director now directly owns 555,980 shares in the company, valued at $10,385,706.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Roger A. Baker bought 3,632 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average price of $18.86 per share, for a total transaction of $68,499.52. Following the transaction, the director now owns 559,804 shares of the company’s stock, valued at $10,557,903.44. The disclosure for this purchase can be found here. Insiders have purchased a total of 5,820 shares of company stock worth $109,417 over the last 90 days. 58.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HBT Financial

A number of large investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in HBT Financial in the 3rd quarter worth approximately $121,000. Assenagon Asset Management S.A. purchased a new stake in HBT Financial in the 4th quarter worth approximately $1,010,000. Meredith Wealth Planning purchased a new stake in HBT Financial in the 4th quarter worth approximately $203,000. Los Angeles Capital Management LLC boosted its position in HBT Financial by 40.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock worth $1,420,000 after purchasing an additional 19,440 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in HBT Financial by 70.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock worth $54,000 after purchasing an additional 1,062 shares in the last quarter. Hedge funds and other institutional investors own 78.55% of the company’s stock.

About HBT Financial

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.