HBT Financial (NASDAQ:HBT) PT Raised to $21.50 at Piper Sandler

HBT Financial (NASDAQ:HBT) had its price target boosted by Piper Sandler from $21.00 to $21.50 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a neutral rating on the stock.

Separately, JPMorgan Chase & Co. boosted their target price on HBT Financial from $21.00 to $22.00 and gave the stock an underweight rating in a research report on Tuesday.

HBT Financial Trading Up 0.2 %

HBT stock opened at $18.89 on Tuesday. The company has a market cap of $597.11 million, a P/E ratio of 8.36 and a beta of 0.86. HBT Financial has a twelve month low of $16.33 and a twelve month high of $21.87. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $18.92 and a 200-day moving average of $19.34.

HBT Financial (NASDAQ:HBT) last released its earnings results on Wednesday, January 24th. The company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The company had revenue of $70.62 million during the quarter, compared to the consensus estimate of $57.78 million. HBT Financial had a return on equity of 16.41% and a net margin of 26.29%. During the same quarter in the previous year, the company posted $0.62 earnings per share. As a group, equities research analysts expect that HBT Financial will post 2.23 EPS for the current year.

HBT Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be issued a $0.19 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.76 dividend on an annualized basis and a yield of 4.02%. HBT Financial’s dividend payout ratio is presently 33.63%.

Insider Buying and Selling at HBT Financial

In other HBT Financial news, Director Roger A. Baker bought 3,632 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was purchased at an average cost of $18.86 per share, with a total value of $68,499.52. Following the completion of the purchase, the director now owns 559,804 shares in the company, valued at $10,557,903.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other HBT Financial news, Director Roger A. Baker bought 1,888 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was purchased at an average cost of $18.68 per share, with a total value of $35,267.84. Following the completion of the purchase, the director now owns 555,980 shares in the company, valued at $10,385,706.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Roger A. Baker bought 3,632 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was acquired at an average cost of $18.86 per share, with a total value of $68,499.52. Following the completion of the purchase, the director now owns 559,804 shares of the company’s stock, valued at approximately $10,557,903.44. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 5,820 shares of company stock valued at $109,417. Company insiders own 58.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of HBT Financial by 70.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock worth $54,000 after buying an additional 1,062 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of HBT Financial by 40.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock worth $1,420,000 after buying an additional 19,440 shares during the period. Meredith Wealth Planning acquired a new position in shares of HBT Financial during the fourth quarter worth about $203,000. Assenagon Asset Management S.A. acquired a new position in shares of HBT Financial during the fourth quarter worth about $1,010,000. Finally, SG Americas Securities LLC boosted its position in shares of HBT Financial by 36.6% during the fourth quarter. SG Americas Securities LLC now owns 9,029 shares of the company’s stock worth $191,000 after buying an additional 2,418 shares during the period. 78.55% of the stock is owned by institutional investors and hedge funds.

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.