HBT Financial (NASDAQ:HBT) PT Raised to $24.00 at JPMorgan Chase & Co.

HBT Financial (NASDAQ:HBT) had its target price upped by JPMorgan Chase & Co. from $21.00 to $24.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has an underweight rating on the stock.

A number of other research analysts have also recently commented on the stock. Raymond James upgraded shares of HBT Financial from a market perform rating to an outperform rating and set a $23.00 price target on the stock in a research report on Friday, May 10th. Piper Sandler lifted their price target on shares of HBT Financial from $21.50 to $25.00 and gave the company a neutral rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods reissued an outperform rating and set a $27.00 price objective (up previously from $25.00) on shares of HBT Financial in a research report on Tuesday.

HBT Financial Price Performance

HBT opened at $24.24 on Tuesday. The firm has a market cap of $765.74 million, a P/E ratio of 10.73 and a beta of 0.87. The firm has a 50-day moving average of $20.29 and a 200 day moving average of $19.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. HBT Financial has a fifty-two week low of $17.42 and a fifty-two week high of $24.85.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings results on Monday, July 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $72.43 million for the quarter, compared to the consensus estimate of $56.82 million. HBT Financial had a net margin of 25.61% and a return on equity of 15.76%. During the same period in the prior year, the firm posted $0.58 earnings per share. On average, research analysts expect that HBT Financial will post 2.3 EPS for the current year.

HBT Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.14%. HBT Financial’s dividend payout ratio (DPR) is presently 33.63%.

Insider Activity at HBT Financial

In related news, Director Patrick F. Busch sold 11,555 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $24.09, for a total value of $278,359.95. Following the transaction, the director now directly owns 190,000 shares of the company’s stock, valued at approximately $4,577,100. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Patrick F. Busch sold 11,555 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $24.09, for a total transaction of $278,359.95. Following the sale, the director now directly owns 190,000 shares of the company’s stock, valued at approximately $4,577,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric E. Burwell acquired 6,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were purchased at an average cost of $18.99 per share, for a total transaction of $113,940.00. Following the completion of the acquisition, the director now directly owns 31,820 shares in the company, valued at $604,261.80. The disclosure for this purchase can be found here. 59.80% of the stock is currently owned by corporate insiders.

Institutional Trading of HBT Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Advisors LLC bought a new position in shares of HBT Financial during the 1st quarter worth $6,497,000. Assenagon Asset Management S.A. bought a new position in shares of HBT Financial during the 4th quarter worth $1,010,000. Los Angeles Capital Management LLC grew its position in shares of HBT Financial by 40.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock worth $1,420,000 after buying an additional 19,440 shares in the last quarter. LSV Asset Management bought a new position in shares of HBT Financial during the 1st quarter worth $183,000. Finally, Meredith Wealth Planning bought a new stake in HBT Financial during the fourth quarter valued at about $203,000. Hedge funds and other institutional investors 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.