HBT Financial (NASDAQ:HBT) Rating Lowered to Neutral at DA Davidson

HBT Financial (NASDAQ:HBT) was downgraded by investment analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued on Wednesday, Briefing.com reports. They currently have a $24.00 price objective on the stock, down from their prior price objective of $26.00. DA Davidson’s price objective suggests a potential upside of 4.44% from the stock’s current price.

A number of other research analysts also recently commented on HBT. Piper Sandler increased their price target on shares of HBT Financial from $21.50 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Keefe, Bruyette & Woods restated an “outperform” rating and set a $27.00 price objective (up from $25.00) on shares of HBT Financial in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their target price on HBT Financial from $21.00 to $24.00 and gave the stock an “underweight” rating in a report 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 issued a buy rating to the stock. Based on data from MarketBeat.com, HBT Financial currently has a consensus rating of “Hold” and an average price target of $24.60.

HBT Financial Stock Performance

NASDAQ HBT opened at $22.98 on Wednesday. The stock has a market capitalization of $725.25 million, a PE ratio of 10.17 and a beta of 0.86. The business has a 50 day simple moving average of $22.20 and a two-hundred day simple moving average of $20.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82. HBT Financial has a 1-year low of $17.42 and a 1-year high of $24.85.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings results on Monday, July 22nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. HBT Financial had a return on equity of 15.53% and a net margin of 25.61%. The business had revenue of $72.43 million during the quarter, compared to analysts’ expectations of $56.82 million. During the same quarter last year, the business posted $0.58 EPS. On average, research analysts predict that HBT Financial will post 2.3 EPS for the current fiscal year.

Insider Buying and Selling

In other HBT Financial news, Director Patrick F. Busch sold 11,555 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $24.09, for a total transaction of $278,359.95. Following the completion of the transaction, the director now owns 190,000 shares in the company, valued at $4,577,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 59.80% of the stock is currently owned by corporate insiders.

Institutional Trading of HBT Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. LSV Asset Management bought a new position in shares of HBT Financial in the first quarter worth about $183,000. Hsbc Holdings PLC boosted its position 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 buying an additional 541 shares during the period. Renaissance Technologies LLC grew its stake in HBT Financial by 109.9% in the 2nd quarter. Renaissance Technologies LLC now owns 27,500 shares of the company’s stock worth $562,000 after acquiring an additional 14,400 shares in the last quarter. Acadian Asset Management LLC grew its stake in HBT Financial by 19.0% in the 2nd quarter. Acadian Asset Management LLC now owns 95,606 shares of the company’s stock worth $1,949,000 after acquiring an additional 15,242 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of HBT Financial by 5.1% during the second quarter. American Century Companies Inc. now owns 119,698 shares of the company’s stock worth $2,444,000 after acquiring an additional 5,859 shares during the period. Hedge funds and other 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.