HBT Financial (NASDAQ:HBT) Price Target Raised to $22.00 at JPMorgan Chase & Co.

HBT Financial (NASDAQ:HBT) had its target price increased by JPMorgan Chase & Co. from $21.00 to $22.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an underweight rating on the stock.

HBT Financial Stock Performance

Shares of HBT stock opened at $18.94 on Tuesday. The company has a 50 day moving average price of $18.96 and a 200-day moving average price of $19.34. HBT Financial has a 52 week low of $16.33 and a 52 week high of $21.87. The firm has a market capitalization of $598.69 million, a PE ratio of 9.11 and a beta of 0.86. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.21.

HBT Financial (NASDAQ:HBT) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The company had revenue of $70.62 million for the quarter, compared to the consensus estimate of $57.78 million. HBT Financial had a net margin of 24.84% and a return on equity of 16.93%. During the same quarter last year, the firm posted $0.62 earnings per share. As a group, equities research analysts expect that HBT Financial will post 2.24 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Roger A. Baker purchased 3,632 shares of the stock in a transaction on Thursday, February 22nd. The shares were acquired at an average price of $18.86 per share, with a total value of $68,499.52. Following the completion of the acquisition, the director now directly owns 559,804 shares of the company’s stock, valued at $10,557,903.44. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Roger A. Baker purchased 3,632 shares of the stock in a transaction on Thursday, February 22nd. The shares were acquired at an average price of $18.86 per share, with a total value of $68,499.52. Following the completion of the acquisition, the director now directly owns 559,804 shares of the company’s stock, valued at $10,557,903.44. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Roger A. Baker purchased 1,888 shares of the stock in a transaction on Wednesday, February 7th. The shares were purchased at an average cost of $18.68 per share, for a total transaction of $35,267.84. Following the acquisition, the director now directly owns 555,980 shares of the company’s stock, valued at $10,385,706.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 5,820 shares of company stock valued at $109,417. 58.60% of the stock is owned by insiders.

Institutional Investors Weigh In On HBT Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. bought a new stake in shares of HBT Financial during the fourth quarter valued at approximately $1,010,000. Meredith Wealth Planning bought a new stake in shares of HBT Financial during the fourth quarter valued at approximately $203,000. SG Americas Securities LLC bought a new stake in shares of HBT Financial during the third quarter valued at approximately $121,000. Los Angeles Capital Management LLC raised its position in shares of HBT Financial by 40.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock valued at $1,420,000 after buying an additional 19,440 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of HBT Financial by 70.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock valued at $54,000 after buying an additional 1,062 shares during the last quarter. 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.