HBT Financial (NASDAQ:HBT) PT Lowered to $24.00 at Piper Sandler

HBT Financial (NASDAQ:HBT) had its price target dropped by research analysts at Piper Sandler from $25.00 to $24.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price objective points to a potential upside of 11.63% from the stock’s current price.

A number of other research analysts have also recently commented on the company. DA Davidson cut HBT Financial from a “buy” rating to a “neutral” rating and cut their target price for the company from $26.00 to $24.00 in a research note on Wednesday, September 25th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $27.00 price objective (up previously from $25.00) on shares of HBT Financial in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. increased their target price on HBT Financial from $21.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $24.40.

HBT Financial Trading Up 0.1 %

HBT stock traded up $0.02 during midday trading on Tuesday, reaching $21.50. 1,350 shares of the company traded hands, compared to its average volume of 28,152. The firm has a market capitalization of $679.21 million, a price-to-earnings ratio of 9.51 and a beta of 0.86. HBT Financial has a 52-week low of $17.69 and a 52-week high of $24.85. The business has a 50 day moving average of $21.91 and a 200-day moving average of $20.66. 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 (NASDAQ:HBT) last released its quarterly earnings results on Monday, July 22nd. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. HBT Financial had a net margin of 25.61% and a return on equity of 15.53%. The firm had revenue of $72.43 million during the quarter, compared to analysts’ expectations of $56.82 million. During the same period in the previous year, the company earned $0.58 EPS. As a group, sell-side analysts expect that HBT Financial will post 2.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HBT Financial news, Director Patrick F. Busch sold 11,555 shares of HBT Financial stock in a transaction 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 completion of the sale, the director now directly owns 190,000 shares of the company’s stock, valued at $4,577,100. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 59.80% of the stock is owned by insiders.

Hedge Funds Weigh In On HBT Financial

Hedge funds have recently modified their holdings of the stock. Cetera Advisors LLC purchased a new stake in HBT Financial during the 1st quarter worth approximately $6,497,000. LSV Asset Management grew its holdings in shares of HBT Financial by 1,082.5% during the second quarter. LSV Asset Management now owns 113,808 shares of the company’s stock valued at $2,324,000 after buying an additional 104,184 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in HBT Financial by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 406,456 shares of the company’s stock worth $8,298,000 after acquiring an additional 26,135 shares during the last quarter. Acadian Asset Management LLC lifted its position in HBT Financial by 19.0% during the 2nd quarter. Acadian Asset Management LLC now owns 95,606 shares of the company’s stock worth $1,949,000 after acquiring an additional 15,242 shares during the period. Finally, Renaissance Technologies LLC grew its stake in HBT Financial by 109.9% during the 2nd quarter. Renaissance Technologies LLC now owns 27,500 shares of the company’s stock valued at $562,000 after purchasing an additional 14,400 shares during the last quarter. 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.