HBT Financial (NASDAQ:HBT) Given New $24.00 Price Target at Piper Sandler

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

A number of other research firms also recently weighed in on HBT. DA Davidson downgraded HBT Financial from a “buy” rating to a “neutral” rating and cut their price target for the company from $26.00 to $24.00 in a research note on Wednesday, September 25th. JPMorgan Chase & Co. increased their price target on HBT Financial from $21.00 to $24.00 and gave the company an “underweight” rating in a research note on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $27.00 price target (up previously from $25.00) on shares of HBT Financial in a research note on Tuesday, July 23rd. One equities research 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $24.40.

HBT Financial Stock Up 2.2 %

NASDAQ:HBT opened at $21.96 on Tuesday. The stock’s fifty day moving average price is $21.94 and its two-hundred day moving average price is $20.68. HBT Financial has a 52-week low of $17.69 and a 52-week high of $24.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $693.74 million, a price-to-earnings ratio of 9.72 and a beta of 0.86.

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

Institutional Trading of HBT Financial

Hedge funds have recently added to or reduced their stakes in the business. LSV Asset Management bought a new position in HBT Financial during the 1st quarter worth about $183,000. Vanguard Group Inc. increased its holdings in HBT Financial by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 626,575 shares of the company’s stock worth $11,930,000 after purchasing an additional 5,183 shares in the last quarter. Cetera Advisors LLC bought a new position in HBT Financial during the 1st quarter worth about $6,497,000. Acadian Asset Management LLC increased its holdings in HBT Financial by 19.0% during the 2nd quarter. Acadian Asset Management LLC now owns 95,606 shares of the company’s stock worth $1,949,000 after purchasing an additional 15,242 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of HBT Financial by 5.1% in the 2nd 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. Institutional investors and hedge funds 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.