Shares of HBT Financial, Inc. (NASDAQ:HBT – Get Free Report) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $24.75.
HBT has been the topic of several recent research reports. Hovde Group initiated coverage on HBT Financial in a research report on Thursday, March 27th. They set a “market perform” rating and a $24.50 target price on the stock. Keefe, Bruyette & Woods raised their price objective on HBT Financial from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Piper Sandler reduced their target price on shares of HBT Financial from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, January 24th.
Read Our Latest Stock Report on HBT
Insiders Place Their Bets
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Two Sigma Advisers LP raised its position in HBT Financial by 5.7% during the fourth quarter. Two Sigma Advisers LP now owns 37,000 shares of the company’s stock valued at $810,000 after acquiring an additional 2,000 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in HBT Financial by 10.1% in the fourth quarter. Nuveen Asset Management LLC now owns 35,062 shares of the company’s stock valued at $768,000 after buying an additional 3,227 shares in the last quarter. Millennium Management LLC boosted its stake in shares of HBT Financial by 65.9% during the 4th quarter. Millennium Management LLC now owns 43,126 shares of the company’s stock worth $944,000 after acquiring an additional 17,130 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of HBT Financial by 35.0% during the 4th quarter. Bank of America Corp DE now owns 15,615 shares of the company’s stock worth $342,000 after acquiring an additional 4,048 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of HBT Financial during the 4th quarter valued at about $389,000. 78.55% of the stock is currently owned by institutional investors and hedge funds.
HBT Financial Stock Down 0.4 %
NASDAQ:HBT opened at $22.41 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.82. HBT Financial has a 1-year low of $18.00 and a 1-year high of $26.25. The company has a 50-day moving average of $23.98 and a 200 day moving average of $23.07. The firm has a market cap of $707.24 million, a PE ratio of 9.92 and a beta of 0.81.
HBT Financial (NASDAQ:HBT – Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. HBT Financial had a net margin of 24.99% and a return on equity of 14.57%. As a group, research analysts anticipate that HBT Financial will post 2.34 EPS for the current fiscal year.
HBT Financial Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were given a dividend of $0.21 per share. This is a positive change from HBT Financial’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 3.75%. The ex-dividend date was Tuesday, February 4th. HBT Financial’s dividend payout ratio is currently 37.17%.
HBT Financial announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 18th that allows the company to repurchase $15.00 million in shares. This repurchase authorization allows the company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
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.
Read More
- Five stocks we like better than HBT Financial
- P/E Ratio Calculation: How to Assess Stocks
- 3 Buyable Stocks With Solid Bottoms Ready to Rebound
- Do ETFs Pay Dividends? What You Need to Know
- Advantage+ Shopping: Meta’s Fast Growing $20 Billion AI-Ads Star
- Why Are These Companies Considered Blue Chips?
- Robotaxi News: What Tesla and Lyft Headlines Mean for Shares
Receive News & Ratings for HBT Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HBT Financial and related companies with MarketBeat.com's FREE daily email newsletter.