Piper Sandler Boosts HBT Financial (NASDAQ:HBT) Price Target to $21.50

HBT Financial (NASDAQ:HBT) had its price objective increased by Piper Sandler from $21.00 to $21.50 in a report released on Tuesday morning, Benzinga reports. They currently have a neutral rating on the stock.

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

HBT Financial Price Performance

Shares of HBT Financial stock opened at $18.86 on Tuesday. HBT Financial has a twelve month low of $16.33 and a twelve month high of $21.87. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.21. The company has a 50-day simple moving average of $18.93 and a two-hundred day simple moving average of $19.33. The stock has a market capitalization of $596.16 million, a price-to-earnings ratio of 8.35 and a beta of 0.86.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $70.62 million during the quarter, compared to analysts’ expectations of $57.78 million. HBT Financial had a net margin of 26.29% and a return on equity of 16.41%. During the same quarter in the previous year, the company earned $0.62 EPS. Analysts forecast that HBT Financial will post 2.23 EPS for the current year.

Insider Activity

In related news, Director Roger A. Baker acquired 1,888 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired at an average cost of $18.68 per share, for a total transaction of $35,267.84. Following the transaction, the director now directly owns 555,980 shares in the company, valued at $10,385,706.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Roger A. Baker acquired 3,632 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was acquired at an average cost of $18.86 per share, for a total transaction of $68,499.52. Following the transaction, the director now directly owns 559,804 shares in the company, valued at $10,557,903.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roger A. Baker acquired 1,888 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were bought at an average price of $18.68 per share, with a total value of $35,267.84. Following the completion of the transaction, the director now owns 555,980 shares in the company, valued at $10,385,706.40. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 5,820 shares of company stock worth $109,417. 58.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HBT Financial

A number of institutional investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC grew its holdings in HBT Financial by 40.6% during the 4th 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. Assenagon Asset Management S.A. bought a new stake in HBT Financial during the 4th quarter worth approximately $1,010,000. Meredith Wealth Planning bought a new stake in shares of HBT Financial in the 4th quarter valued at $203,000. SG Americas Securities LLC boosted its stake in shares of HBT Financial by 36.6% in the 4th quarter. SG Americas Securities LLC now owns 9,029 shares of the company’s stock valued at $191,000 after purchasing an additional 2,418 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of HBT Financial by 70.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock valued at $54,000 after purchasing an additional 1,062 shares during the last quarter. 78.55% of the stock is owned by institutional investors.

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.