HBT Financial (NASDAQ:HBT) Price Target Lowered to $26.00 at Piper Sandler

HBT Financial (NASDAQ:HBT) had its target price lowered by analysts at Piper Sandler from $27.00 to $26.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 11.49% from the company’s current price.

Separately, Keefe, Bruyette & Woods raised their price objective on HBT Financial from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, HBT Financial has an average rating of “Hold” and a consensus target price of $24.80.

HBT Financial Trading Up 2.4 %

HBT opened at $23.32 on Friday. HBT Financial has a fifty-two week low of $17.75 and a fifty-two week high of $25.35. The firm has a market capitalization of $735.96 million, a PE ratio of 10.32 and a beta of 0.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50-day moving average is $22.80 and its 200 day moving average is $22.38.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.62 EPS for the quarter, topping the consensus estimate 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, research analysts predict that HBT Financial will post 2.15 earnings per share for the current fiscal year.

HBT Financial announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 18th that allows the company to buyback $15.00 million in shares. This buyback authorization allows the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at HBT Financial

In other news, Chairman Fred L. Drake sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $24.11, for a total transaction of $60,275.00. Following the completion of the sale, the chairman now owns 71,170 shares in the company, valued at $1,715,908.70. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 14,498 shares of company stock worth $351,985 in the last ninety days. Company insiders own 59.80% of the company’s stock.

Hedge Funds Weigh In On HBT Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC raised its stake in shares of HBT Financial by 3.8% in the second quarter. Hsbc Holdings PLC now owns 14,605 shares of the company’s stock valued at $287,000 after buying an additional 541 shares during the period. SG Americas Securities LLC increased its holdings in HBT Financial by 13.6% in the 4th quarter. SG Americas Securities LLC now owns 6,309 shares of the company’s stock worth $138,000 after acquiring an additional 756 shares during the last quarter. FMR LLC raised its stake in HBT Financial by 70.1% in 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 during the period. Geode Capital Management LLC lifted its holdings in HBT Financial by 0.6% during the third quarter. Geode Capital Management LLC now owns 309,110 shares of the company’s stock valued at $6,764,000 after purchasing an additional 1,989 shares during the last quarter. Finally, State Street Corp boosted its position in HBT Financial by 1.6% during the third quarter. State Street Corp now owns 251,438 shares of the company’s stock worth $5,501,000 after purchasing an additional 3,874 shares during the period. 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.