HBT Financial (NASDAQ:HBT) Price Target Lowered to $24.00 at Piper Sandler

HBT Financial (NASDAQ:HBT) had its target price dropped by research analysts at Piper Sandler from $25.00 to $24.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price target suggests a potential upside of 9.74% from the stock’s previous close.

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

HBT Financial Stock Down 0.4 %

NASDAQ HBT opened at $21.87 on Tuesday. The stock has a market cap of $690.90 million, a PE ratio of 9.68 and a beta of 0.86. HBT Financial has a fifty-two week low of $17.74 and a fifty-two week high of $24.85. The business has a 50 day moving average price of $21.97 and a two-hundred day moving average price of $20.69. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.21.

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, topping analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $72.43 million during the quarter, compared to analysts’ expectations 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 earned $0.58 EPS. As a group, sell-side analysts predict that HBT Financial will post 2.28 EPS for the current fiscal year.

Hedge Funds Weigh In On HBT Financial

Several institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in HBT Financial during the third quarter worth $122,000. LSV Asset Management bought a new position in HBT Financial during the first quarter worth $183,000. Hsbc Holdings PLC lifted its stake in HBT Financial by 3.8% during the second quarter. Hsbc Holdings PLC now owns 14,605 shares of the company’s stock worth $287,000 after purchasing an additional 541 shares during the last quarter. Renaissance Technologies LLC lifted its stake in HBT Financial by 109.9% during the second quarter. Renaissance Technologies LLC now owns 27,500 shares of the company’s stock worth $562,000 after purchasing an additional 14,400 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in HBT Financial by 93.5% during the third quarter. Assenagon Asset Management S.A. now owns 46,800 shares of the company’s stock worth $1,024,000 after purchasing an additional 22,618 shares during the last quarter. 78.55% of the stock is currently owned by hedge funds and other 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.