DA Davidson Lowers HBT Financial (NASDAQ:HBT) to Neutral

HBT Financial (NASDAQ:HBT) was downgraded by investment analysts at DA Davidson from a “buy” rating to a “neutral” rating in a report issued on Wednesday, MarketBeat Ratings reports. They presently have a $24.00 price target on the stock, down from their prior price target of $26.00. DA Davidson’s price target suggests a potential upside of 11.65% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. increased their target price on HBT Financial from $21.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $27.00 price objective (up previously from $25.00) on shares of HBT Financial in a research note on Tuesday, July 23rd. Finally, Piper Sandler increased their target price on shares of HBT Financial from $21.50 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.60.

HBT Financial Trading Down 0.3 %

NASDAQ HBT opened at $21.50 on Wednesday. The firm’s fifty day moving average is $22.15 and its two-hundred day moving average is $20.30. HBT Financial has a one year low of $17.42 and a one year high of $24.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $678.38 million, a PE ratio of 9.51 and a beta of 0.86.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings results on Monday, July 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. HBT Financial had a return on equity of 15.53% and a net margin of 25.61%. The firm had revenue of $72.43 million for the quarter, compared to analysts’ expectations of $56.82 million. During the same quarter in the previous year, the firm posted $0.58 EPS. Analysts expect that HBT Financial will post 2.3 earnings per share for the current year.

Insider Buying and Selling at HBT Financial

In related news, Director Patrick F. Busch sold 11,555 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $24.09, for a total value of $278,359.95. Following the completion of the transaction, the director now owns 190,000 shares of the company’s stock, valued at approximately $4,577,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 59.80% of the stock is owned by insiders.

Institutional Trading of HBT Financial

A number of hedge funds have recently bought and sold shares of the company. Cetera Advisors LLC acquired a new stake in shares of HBT Financial in the first quarter worth approximately $6,497,000. LSV Asset Management raised its stake in HBT Financial by 1,082.5% during the second quarter. LSV Asset Management now owns 113,808 shares of the company’s stock worth $2,324,000 after purchasing an additional 104,184 shares during the period. Vanguard Group Inc. boosted its holdings in shares of HBT Financial by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 626,575 shares of the company’s stock valued at $11,930,000 after purchasing an additional 5,183 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of HBT Financial by 19.0% during the 2nd quarter. Acadian Asset Management LLC now owns 95,606 shares of the company’s stock valued at $1,949,000 after buying an additional 15,242 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of HBT Financial by 109.9% during the 2nd quarter. Renaissance Technologies LLC now owns 27,500 shares of the company’s stock worth $562,000 after buying an additional 14,400 shares during the last quarter. Institutional investors and hedge funds 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.