HBT Financial (NASDAQ:HBT) Hits New 12-Month High – What’s Next?

HBT Financial, Inc. (NASDAQ:HBT) reached a new 52-week high during trading on Tuesday . The stock traded as high as $25.18 and last traded at $24.96, with a volume of 7852 shares traded. The stock had previously closed at $24.77.

Wall Street Analyst Weigh In

HBT has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of HBT Financial from $21.00 to $24.00 and gave the company an “underweight” rating in a research note on Tuesday, July 23rd. Piper Sandler dropped their target price on HBT Financial from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $27.00 price target (up from $25.00) on shares of HBT Financial in a report on Tuesday, July 23rd. Finally, DA Davidson lowered HBT Financial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $26.00 to $24.00 in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, HBT Financial has an average rating of “Hold” and an average target price of $24.40.

HBT Financial Stock Down 0.5 %

The company has a market cap of $777.32 million, a P/E ratio of 11.48 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82. The business’s fifty day moving average is $22.11 and its two-hundred day moving average is $21.08.

HBT Financial (NASDAQ:HBT) last issued its earnings results on Monday, October 21st. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $56.44 million for the quarter, compared to analyst estimates of $57.05 million. HBT Financial had a net margin of 24.68% and a return on equity of 14.70%. Equities analysts predict that HBT Financial, Inc. will post 2.33 EPS for the current year.

HBT Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Monday, November 4th. HBT Financial’s dividend payout ratio (DPR) is presently 34.55%.

Hedge Funds Weigh In On HBT Financial

Institutional investors have recently made changes to their positions in the company. FMR LLC lifted its stake in HBT Financial by 70.1% in the third quarter. FMR LLC now owns 4,329 shares of the company’s stock worth $95,000 after acquiring an additional 1,784 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of HBT Financial in the 3rd quarter valued at about $295,000. GSA Capital Partners LLP purchased a new stake in shares of HBT Financial in the 3rd quarter worth approximately $251,000. Rosenthal Henry Capital Advisors Inc. purchased a new stake in shares of HBT Financial in the 3rd quarter worth approximately $930,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of HBT Financial by 93.5% during the third quarter. Assenagon Asset Management S.A. now owns 46,800 shares of the company’s stock valued at $1,024,000 after purchasing an additional 22,618 shares in the last quarter. Hedge funds and other 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.