HBT Financial (NASDAQ:HBT) Price Target Cut to $26.00 by Analysts at Piper Sandler

HBT Financial (NASDAQ:HBT) had its price target trimmed by Piper Sandler from $27.00 to $26.00 in a research note published on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

Separately, Keefe, Bruyette & Woods increased their target price on shares of HBT Financial from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. 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. Based on data from MarketBeat.com, HBT Financial presently has a consensus rating of “Hold” and an average price target of $24.80.

HBT Financial Trading Up 2.4 %

Shares of HBT Financial stock opened at $23.32 on Friday. HBT Financial has a 52-week low of $17.75 and a 52-week high of $25.35. The company’s 50-day simple moving average is $22.81 and its 200-day simple moving average is $22.36. The firm has a market cap of $735.98 million, a price-to-earnings ratio of 10.32 and a beta of 0.88. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20.

HBT Financial (NASDAQ:HBT) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. HBT Financial had a return on equity of 14.57% and a net margin of 24.99%. As a group, equities research analysts anticipate that HBT Financial will post 2.15 earnings per share for the current year.

HBT Financial declared that its board has authorized a stock repurchase program on Wednesday, December 18th that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

HBT Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Tuesday, February 4th. This is an increase from HBT Financial’s previous quarterly dividend of $0.19. HBT Financial’s dividend payout ratio is 33.63%.

Insider Transactions at HBT Financial

In other HBT Financial news, Chairman Fred L. Drake sold 2,500 shares of HBT Financial stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $24.11, for a total value of $60,275.00. Following the completion of the sale, the chairman now directly owns 71,170 shares of the company’s stock, valued at approximately $1,715,908.70. The trade was a 3.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 14,498 shares of company stock valued at $351,985 over the last three months. 59.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HBT Financial

Hedge funds have recently made changes to their positions in the business. Rosenthal Henry Capital Advisors Inc. acquired a new stake in shares of HBT Financial during the 3rd quarter worth $930,000. FMR LLC lifted its holdings in shares of HBT Financial by 70.1% during the 3rd quarter. FMR LLC now owns 4,329 shares of the company’s stock valued at $95,000 after acquiring an additional 1,784 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in HBT Financial by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 406,456 shares of the company’s stock worth $8,298,000 after purchasing an additional 26,135 shares during the period. Barclays PLC increased its holdings in HBT Financial by 43.5% in the 3rd quarter. Barclays PLC now owns 57,000 shares of the company’s stock valued at $1,247,000 after purchasing an additional 17,266 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of HBT Financial by 1.6% during the 3rd quarter. State Street Corp now owns 251,438 shares of the company’s stock valued at $5,501,000 after buying an additional 3,874 shares during the period. 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.