HBT Financial (NASDAQ:HBT) Given New $27.00 Price Target at Keefe, Bruyette & Woods

HBT Financial (NASDAQ:HBT) had its price target increased by Keefe, Bruyette & Woods from $25.00 to $27.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 14.16% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. DA Davidson cut shares of HBT Financial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $26.00 to $24.00 in a research note on Wednesday, September 25th. Piper Sandler decreased their price target on shares of HBT Financial from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.40.

HBT Financial Stock Performance

Shares of NASDAQ HBT traded down $0.21 during trading on Wednesday, reaching $23.65. 3,485 shares of the company traded hands, compared to its average volume of 28,652. The stock has a market cap of $746.39 million, a P/E ratio of 10.75 and a beta of 0.87. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $22.67 and its 200 day simple moving average is $21.60. HBT Financial has a 12-month low of $17.75 and a 12-month high of $25.35.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings data on Monday, October 21st. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $56.44 million during the quarter, compared to the consensus estimate of $57.05 million. HBT Financial had a net margin of 24.68% and a return on equity of 14.70%. As a group, research analysts anticipate that HBT Financial will post 2.33 earnings per share for the current fiscal year.

Insider Buying and Selling at HBT Financial

In other news, Chairman Fred L. Drake sold 2,200 shares of HBT Financial stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $23.86, for a total value of $52,492.00. Following the completion of the sale, the chairman now directly owns 91,470 shares of the company’s stock, valued at approximately $2,182,474.20. This trade represents a 2.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 11,998 shares of company stock valued at $291,710 in the last three months. Corporate insiders own 59.80% of the company’s stock.

Institutional Investors Weigh In On HBT Financial

A number of institutional investors have recently made changes to their positions in the stock. FMR LLC raised its position in HBT Financial by 70.1% during the third quarter. FMR LLC now owns 4,329 shares of the company’s stock valued at $95,000 after purchasing an additional 1,784 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of HBT Financial during the third quarter worth $122,000. GSA Capital Partners LLP acquired a new position in HBT Financial in the 3rd quarter worth approximately $251,000. Hsbc Holdings PLC lifted its holdings in HBT Financial by 3.8% in the 2nd quarter. Hsbc Holdings PLC now owns 14,605 shares of the company’s stock valued at $287,000 after purchasing an additional 541 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in HBT Financial during the third quarter worth about $295,000. Institutional investors 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.