HBT Financial (NASDAQ:HBT) Price Target Raised to $44.00

HBT Financial (NASDAQ:HBT) had its target price hoisted by Hovde Group from $40.00 to $44.00 in a research report sent to investors on Wednesday morning, MarketBeat.com reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Zacks Research downgraded HBT Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Keefe, Bruyette & Woods increased their target price on shares of HBT Financial from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Tuesday, July 28th. DA Davidson lifted their price target on shares of HBT Financial from $36.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday. Wall Street Zen downgraded HBT Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of HBT Financial from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, HBT Financial currently has a consensus rating of “Moderate Buy” and an average price target of $37.40.

HBT Financial Stock Down 0.1%

HBT stock opened at $37.19 on Wednesday. HBT Financial has a twelve month low of $22.36 and a twelve month high of $37.51. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 15.96 and a beta of 0.51. The company has a quick ratio of 0.85, a current ratio of 0.84 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $32.95 and a two-hundred day moving average price of $29.56.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings results on Monday, July 27th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. HBT Financial had a net margin of 23.44% and a return on equity of 13.46%. The firm had revenue of $80.90 million during the quarter, compared to analysts’ expectations of $80.36 million. Analysts anticipate that HBT Financial will post 3.01 EPS for the current fiscal year.

HBT Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 18th. Investors of record on Tuesday, August 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.7%. This is a boost from HBT Financial’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, August 11th. HBT Financial’s dividend payout ratio is presently 42.92%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue grew its holdings in shares of HBT Financial by 42.4% during the fourth quarter. State of Alaska Department of Revenue now owns 1,809 shares of the company’s stock worth $45,000 after purchasing an additional 539 shares in the last quarter. BNP Paribas Financial Markets lifted its position in HBT Financial by 66.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,892 shares of the company’s stock valued at $98,000 after acquiring an additional 1,556 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of HBT Financial by 906.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,249 shares of the company’s stock worth $107,000 after acquiring an additional 3,827 shares during the last quarter. Franklin Resources Inc. bought a new stake in HBT Financial during the 2nd quarter valued at about $208,000. Finally, Canada Pension Plan Investment Board purchased a new position in HBT Financial in the second quarter worth about $240,000. Institutional investors own 78.55% of the company’s stock.

HBT Financial Company Profile

HBT Financial, Inc is the bank holding company for HomeTrust Bank, a community-focused financial institution based in Lenoir, North Carolina. Through its subsidiary, HomeTrust Bank, the company provides a full suite of personal and business banking services across western North Carolina, eastern Tennessee and Upstate South Carolina. The company’s operations include a network of branch offices, ATMs and online banking platforms designed to serve both urban and rural communities in its primary market areas.

HomeTrust Bank’s product offerings encompass traditional deposit accounts such as checking, savings and money market accounts, as well as certificates of deposit.