HBT Financial (NASDAQ:HBT) PT Lowered to $24.00

HBT Financial (NASDAQ:HBT) had its price target decreased by Piper Sandler from $25.00 to $24.00 in a research report report published on Tuesday, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

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

HBT Financial Stock Performance

Shares of HBT opened at $21.56 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82. HBT Financial has a one year low of $17.74 and a one year high of $24.85. The company has a 50-day simple moving average of $21.97 and a two-hundred day simple moving average of $20.69. The firm has a market capitalization of $681.10 million, a PE ratio of 9.54 and a beta of 0.86.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings data on Monday, July 22nd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.56 by $0.01. HBT Financial had a net margin of 25.61% and a return on equity of 15.53%. The business had revenue of $72.43 million during the quarter, compared to analyst estimates of $56.82 million. During the same period last year, the business posted $0.58 earnings per share. On average, analysts anticipate that HBT Financial will post 2.28 EPS for the current fiscal year.

Hedge Funds Weigh In On HBT Financial

Large investors have recently made changes to their positions in the business. Hsbc Holdings PLC increased its position in shares of HBT Financial by 3.8% during the second quarter. Hsbc Holdings PLC now owns 14,605 shares of the company’s stock valued at $287,000 after acquiring an additional 541 shares in the last quarter. Vanguard Group Inc. increased its position in shares of HBT Financial by 0.8% during the first quarter. Vanguard Group Inc. now owns 626,575 shares of the company’s stock valued at $11,930,000 after acquiring an additional 5,183 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of HBT Financial during the third quarter valued at approximately $122,000. American Century Companies Inc. increased its position in shares of HBT Financial by 5.1% during the second quarter. American Century Companies Inc. now owns 119,698 shares of the company’s stock valued at $2,444,000 after acquiring an additional 5,859 shares in the last quarter. Finally, LSV Asset Management bought a new stake in shares of HBT Financial during the first quarter valued at approximately $183,000. 78.55% of the stock is currently owned by hedge funds and other institutional investors.

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.