HBT Financial, Inc. (NASDAQ:HBT) Receives Consensus Rating of “Hold” from Analysts

Shares of HBT Financial, Inc. (NASDAQ:HBT) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $24.75.

A number of equities research analysts have commented on the company. Piper Sandler reduced their price objective on HBT Financial from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Hovde Group began coverage on shares of HBT Financial in a research note on Thursday, March 27th. They set a “market perform” rating and a $24.50 price target for the company.

Insider Buying and Selling at HBT Financial

In other news, Chairman Fred L. Drake sold 5,055 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $24.81, for a total value of $125,414.55. Following the completion of the sale, the chairman now owns 53,615 shares in the company, valued at $1,330,188.15. This represents a 8.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Patrick F. Busch sold 8,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $24.77, for a total transaction of $198,160.00. Following the transaction, the director now owns 182,000 shares in the company, valued at approximately $4,508,140. This trade represents a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,900 shares of company stock worth $969,500. Corporate insiders own 59.80% of the company’s stock.

Institutional Trading of HBT Financial

A number of hedge funds have recently bought and sold shares of HBT. FMR LLC grew its stake in HBT Financial by 70.1% in the 3rd quarter. FMR LLC now owns 4,329 shares of the company’s stock valued at $95,000 after purchasing an additional 1,784 shares during the period. Barclays PLC increased its holdings in HBT Financial by 43.5% during the third quarter. Barclays PLC now owns 57,000 shares of the company’s stock worth $1,247,000 after buying an additional 17,266 shares during the last quarter. State Street Corp raised its position in HBT Financial by 1.6% in the third quarter. State Street Corp now owns 251,438 shares of the company’s stock worth $5,501,000 after acquiring an additional 3,874 shares during the period. Rhumbline Advisers boosted its stake in HBT Financial by 9.0% in the fourth quarter. Rhumbline Advisers now owns 20,758 shares of the company’s stock valued at $455,000 after acquiring an additional 1,711 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of HBT Financial by 11.0% during the 4th quarter. American Century Companies Inc. now owns 133,206 shares of the company’s stock valued at $2,917,000 after acquiring an additional 13,250 shares during the period. 78.55% of the stock is currently owned by institutional investors.

HBT Financial Stock Up 0.0 %

Shares of NASDAQ HBT opened at $21.99 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. The firm has a market cap of $695.57 million, a PE ratio of 9.73 and a beta of 0.62. The company’s fifty day simple moving average is $23.18 and its 200 day simple moving average is $23.01. HBT Financial has a 12-month low of $18.16 and a 12-month high of $26.25.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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, sell-side analysts forecast that HBT Financial will post 2.34 earnings per share for the current fiscal year.

HBT Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.84 annualized dividend and a yield of 3.82%. This is an increase from HBT Financial’s previous quarterly dividend of $0.19. HBT Financial’s dividend payout ratio is 37.17%.

HBT Financial Company Profile

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.