HBT Financial (NASDAQ:HBT) Price Target Raised to $43.00

HBT Financial (NASDAQ:HBT) had its target price increased by Keefe, Bruyette & Woods from $41.00 to $43.00 in a research note published on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on HBT. 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 report on Wednesday, August 12th. Weiss Ratings upgraded shares of HBT Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Wall Street Zen downgraded shares of HBT Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Piper Sandler increased their target price on shares of HBT Financial from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Zacks Research upgraded shares of HBT Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, HBT Financial currently has a consensus rating of “Buy” and an average price target of $39.20.

HBT Financial Stock Performance

NASDAQ:HBT opened at $36.80 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.84 and a current ratio of 0.84. HBT Financial has a fifty-two week low of $22.37 and a fifty-two week high of $37.71. The firm has a market cap of $1.34 billion, a PE ratio of 12.30 and a beta of 0.49. The business has a 50 day moving average price of $35.90 and a 200-day moving average price of $31.14.

HBT Financial (NASDAQ:HBT) last issued its earnings results on Monday, October 26th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. HBT Financial had a net margin of 24.66% and a return on equity of 14.48%. The company had revenue of $84.21 million for the quarter, compared to the consensus estimate of $82.87 million. Equities research analysts predict that HBT Financial will post 3.16 earnings per share for the current year.

HBT Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Monday, November 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 9th. This represents a $1.00 dividend on an annualized basis and a yield of 2.7%. HBT Financial’s dividend payout ratio (DPR) is presently 39.06%.

Institutional Trading of HBT Financial

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of HBT Financial in the 2nd quarter valued at approximately $63,321,000. The Manufacturers Life Insurance Company purchased a new stake in HBT Financial in the second quarter worth $15,675,000. Wellington Management Group LLP purchased a new stake in HBT Financial in the second quarter worth $9,552,000. Heartland Bank & Trust Co raised its holdings in HBT Financial by 857.6% in the first quarter. Heartland Bank & Trust Co now owns 160,487 shares of the company’s stock worth $4,288,000 after purchasing an additional 143,727 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in HBT Financial in the second quarter worth $4,472,000. Institutional investors own 78.55% of the company’s stock.

HBT Financial News Roundup

Here are the key news stories impacting HBT Financial this week:

• Positive Sentiment: Q3 earnings beat expectations: HBT reported earnings of $0.86 per share, exceeding the $0.79 consensus estimate, while revenue of $84.21 million also topped expectations of $82.87 million. Quarterly income increased, providing evidence of continued operating momentum. HBT Financial Q3 Income Rises; Shares Up
• Positive Sentiment: Analyst raises price target: Keefe, Bruyette & Woods increased its price target for HBT, signaling improved confidence in the bank’s earnings outlook and potentially supporting the stock’s valuation. HBT Financial Stock Gets Price Target Increase from Keefe, Bruyette & Woods
• Positive Sentiment: Quarterly dividend declared: The board approved a $0.25-per-share dividend, payable November 17 to shareholders of record November 9. The annualized dividend is $1.00 per share, representing an approximately 2.7% yield and adding to HBT’s appeal for income-focused investors. HBT Financial Declares Quarterly Cash Dividend
• Neutral Sentiment: Shares reached a new one-year high after the earnings beat, reinforcing positive momentum. However, the stock subsequently cooled from its post-earnings strength, likely reflecting profit-taking or investor caution after the rally. HBT Financial Stock Price Cools After Q3 Earnings Strength

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.