HBT Financial, Inc. (NASDAQ:HBT) Stock Has Average Price Target of $37.40

HBT Financial, Inc. (NASDAQ:HBT) has received a consensus recommendation of “Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $37.40.

Several equities analysts have weighed in on HBT shares. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $41.00 price target (up from $38.00) on shares of HBT Financial in a research report on Thursday, August 13th. Wall Street Zen downgraded HBT Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of HBT Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. Hovde Group raised their price target on shares of HBT Financial from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Finally, DA Davidson lifted their price target on shares of HBT Financial from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th.

HBT Financial Price Performance

HBT stock opened at $36.24 on Friday. The company has a fifty day moving average price of $35.87 and a 200 day moving average price of $32.52. HBT Financial has a 12 month low of $22.37 and a 12 month high of $37.51. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 15.55 and a beta of 0.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.84 and a quick ratio of 0.84.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. HBT Financial had a return on equity of 13.46% and a net margin of 23.44%. The company had revenue of $80.90 million for the quarter, compared to analyst estimates of $80.36 million. Sell-side analysts expect that HBT Financial will post 3.03 earnings per share for the current year.

Institutional Trading of HBT Financial

A number of institutional investors have recently modified their holdings of HBT. Bank of America Corp DE raised its holdings in shares of HBT Financial by 7.5% during the 1st quarter. Bank of America Corp DE now owns 17,970 shares of the company’s stock valued at $480,000 after buying an additional 1,254 shares during the period. Hsbc Holdings PLC boosted its holdings in HBT Financial by 18.8% in the 4th quarter. Hsbc Holdings PLC now owns 19,854 shares of the company’s stock worth $518,000 after acquiring an additional 3,136 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in HBT Financial by 16.6% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,516 shares of the company’s stock worth $682,000 after acquiring an additional 3,640 shares during the period. Swiss National Bank grew its position in HBT Financial by 17.2% in the first quarter. Swiss National Bank now owns 28,600 shares of the company’s stock valued at $764,000 after acquiring an additional 4,200 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in HBT Financial in the second quarter valued at approximately $147,000. Hedge funds and other institutional investors own 78.55% of the company’s stock.

About HBT Financial

HBT Financial, Inc is a bank holding company headquartered in Bloomington, Illinois. Its principal subsidiary, Heartland Bank and Trust Company, operates as a community bank serving individuals, businesses, agricultural customers and institutions.

Heartland Bank provides a range of traditional banking products, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer loans, commercial lending and agricultural financing. The bank also offers treasury management, online and mobile banking, wealth management, trust and investment services, and other financial solutions.

Through its branch network and digital channels, HBT Financial serves communities primarily across central and eastern Illinois and parts of eastern Iowa.