HBT Financial (NASDAQ:HBT) Given New $21.50 Price Target at Piper Sandler

HBT Financial (NASDAQ:HBT) had its target price lifted by stock analysts at Piper Sandler from $21.00 to $21.50 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s target price suggests a potential upside of 13.22% from the company’s previous close.

Separately, JPMorgan Chase & Co. upped their price target on HBT Financial from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday.

HBT Financial Price Performance

NASDAQ HBT opened at $18.99 on Tuesday. The stock has a market capitalization of $600.27 million, a P/E ratio of 8.40 and a beta of 0.86. HBT Financial has a 1 year low of $16.33 and a 1 year high of $21.87. The business’s fifty day moving average is $18.95 and its two-hundred day moving average is $19.34. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.79 and a current ratio of 0.80.

HBT Financial (NASDAQ:HBT) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $70.62 million for the quarter, compared to analysts’ expectations of $57.78 million. HBT Financial had a return on equity of 16.41% and a net margin of 26.29%. During the same quarter in the prior year, the company earned $0.62 earnings per share. On average, research analysts forecast that HBT Financial will post 2.24 earnings per share for the current fiscal year.

Insider Buying and Selling at HBT Financial

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

Hedge Funds Weigh In On HBT Financial

A number of hedge funds have recently modified their holdings of HBT. SG Americas Securities LLC acquired a new position in shares of HBT Financial in the third quarter worth $121,000. Assenagon Asset Management S.A. acquired a new position in shares of HBT Financial in the fourth quarter worth $1,010,000. Meredith Wealth Planning acquired a new position in shares of HBT Financial in the fourth quarter worth $203,000. Los Angeles Capital Management LLC increased its stake in shares of HBT Financial by 40.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock worth $1,420,000 after acquiring an additional 19,440 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of HBT Financial by 70.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock worth $54,000 after acquiring an additional 1,062 shares during the last quarter. 78.55% of the stock is owned by institutional investors and hedge funds.

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.