HBT Financial (NASDAQ:HBT) Hits New 12-Month High – Should You Buy?

HBT Financial, Inc. (NASDAQ:HBT)’s share price reached a new 52-week high on Monday . The stock traded as high as $27.04 and last traded at $27.0450, with a volume of 2964 shares changing hands. The stock had previously closed at $26.58.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Raymond James Financial downgraded HBT Financial from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 7th. DA Davidson set a $27.00 price objective on HBT Financial in a report on Tuesday, October 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of HBT Financial in a report on Wednesday, October 8th. Finally, Piper Sandler decreased their price target on shares of HBT Financial from $29.00 to $27.50 and set a “neutral” rating for the company in a research note on Tuesday, October 21st. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, HBT Financial has a consensus rating of “Hold” and a consensus target price of $28.50.

HBT Financial Trading Down 0.2%

The firm has a market cap of $842.17 million, a PE ratio of 10.80 and a beta of 0.60. The company’s fifty day moving average price is $24.31 and its two-hundred day moving average price is $24.97. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.10.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings data on Monday, October 20th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. HBT Financial had a net margin of 26.64% and a return on equity of 13.81%. The firm had revenue of $59.84 million during the quarter, compared to the consensus estimate of $60.31 million. During the same quarter last year, the firm earned $0.61 earnings per share. As a group, sell-side analysts forecast that HBT Financial, Inc. will post 2.34 earnings per share for the current fiscal year.

HBT Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, November 3rd. HBT Financial’s dividend payout ratio is currently 33.87%.

Institutional Investors Weigh In On HBT Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of HBT. State of Alaska Department of Revenue acquired a new position in shares of HBT Financial during the 3rd quarter worth $32,000. CWM LLC boosted its holdings in HBT Financial by 32.7% during the second quarter. CWM LLC now owns 1,835 shares of the company’s stock worth $46,000 after buying an additional 452 shares in the last quarter. BNP Paribas Financial Markets grew its position in HBT Financial by 66.6% during the third quarter. BNP Paribas Financial Markets now owns 3,892 shares of the company’s stock worth $98,000 after buying an additional 1,556 shares during the period. Tower Research Capital LLC TRC increased its holdings in HBT Financial by 906.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,249 shares of the company’s stock valued at $107,000 after buying an additional 3,827 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of HBT Financial during the 2nd quarter valued at approximately $208,000. Institutional investors and hedge funds own 78.55% of the company’s stock.

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.