HBT Financial (NASDAQ:HBT) PT Lowered to $21.00 at JPMorgan Chase & Co.

HBT Financial (NASDAQ:HBT) had its target price lowered by JPMorgan Chase & Co. from $22.00 to $21.00 in a research note issued to investors on Thursday morning, Benzinga reports. The brokerage currently has an underweight rating on the stock.

HBT has been the topic of several other research reports. Piper Sandler raised their price objective on HBT Financial from $21.00 to $21.50 and gave the stock a neutral rating in a research note on Tuesday, April 23rd. Raymond James upgraded HBT Financial from a market perform rating to an outperform rating and set a $23.00 price target for the company in a report on Friday, May 10th.

HBT Financial Price Performance

HBT Financial stock opened at $20.42 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $645.07 million, a P/E ratio of 9.04 and a beta of 0.86. The business has a 50-day moving average of $19.18 and a 200-day moving average of $19.45. HBT Financial has a 1 year low of $17.42 and a 1 year high of $21.87.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings data on Monday, April 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The firm had revenue of $52.31 million during the quarter, compared to analysts’ expectations of $56.29 million. HBT Financial had a net margin of 26.29% and a return on equity of 16.14%. On average, equities analysts anticipate that HBT Financial will post 2.27 EPS for the current year.

HBT Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Monday, May 6th. HBT Financial’s dividend payout ratio is 33.63%.

Insider Transactions at HBT Financial

In other HBT Financial news, Director Eric E. Burwell bought 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was acquired at an average price of $18.99 per share, with a total value of $113,940.00. Following the completion of the transaction, the director now owns 31,820 shares in the company, valued at $604,261.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 59.80% of the stock is owned by insiders.

Institutional Investors Weigh In On HBT Financial

Several hedge funds have recently bought and sold shares of HBT. Tower Research Capital LLC TRC grew its position in shares of HBT Financial by 70.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock valued at $54,000 after purchasing an additional 1,062 shares during the last quarter. SG Americas Securities LLC grew its holdings in HBT Financial by 36.6% in the 4th quarter. SG Americas Securities LLC now owns 9,029 shares of the company’s stock valued at $191,000 after buying an additional 2,418 shares in the last quarter. Vanguard Group Inc. increased its position in HBT Financial by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 626,575 shares of the company’s stock worth $11,930,000 after buying an additional 5,183 shares during the period. Meredith Wealth Planning acquired a new stake in shares of HBT Financial during the fourth quarter worth $203,000. Finally, LSV Asset Management bought a new stake in shares of HBT Financial in the first quarter valued at about $183,000. 78.55% of the stock is currently 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.