HBT Financial (NASDAQ:HBT) Price Target Raised to $34.00

HBT Financial (NASDAQ:HBT) had its price target upped by stock analysts at Piper Sandler from $32.00 to $34.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s target price points to a potential upside of 6.77% from the company’s current price.

A number of other research firms have also recently commented on HBT. DA Davidson increased their target price on shares of HBT Financial from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Zacks Research downgraded HBT Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Weiss Ratings downgraded HBT Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Finally, Wall Street Zen upgraded HBT Financial from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, HBT Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.25.

HBT Financial Stock Up 0.7%

Shares of NASDAQ:HBT traded up $0.23 during trading hours on Friday, hitting $31.84. The company’s stock had a trading volume of 36,899 shares, compared to its average volume of 80,463. HBT Financial has a 52 week low of $22.36 and a 52 week high of $32.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 14.61 and a beta of 0.53. The firm’s fifty day moving average price is $28.77 and its 200 day moving average price is $27.70.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The business had revenue of $67.84 million for the quarter, compared to the consensus estimate of $66.75 million. HBT Financial had a return on equity of 13.06% and a net margin of 22.72%. As a group, research analysts expect that HBT Financial will post 2.95 EPS for the current year.

Insider Activity at HBT Financial

In other news, Chairman Fred L. Drake sold 15,742 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $28.93, for a total transaction of $455,416.06. Following the sale, the chairman directly owned 45,815 shares of the company’s stock, valued at $1,325,427.95. The trade was a 25.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 51.90% of the company’s stock.

Institutional Trading of HBT Financial

Large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in shares of HBT Financial by 42.4% during the fourth quarter. State of Alaska Department of Revenue now owns 1,809 shares of the company’s stock worth $45,000 after purchasing an additional 539 shares during the period. BNP Paribas Financial Markets increased its holdings in HBT Financial by 66.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,892 shares of the company’s stock worth $98,000 after buying an additional 1,556 shares during the period. Tower Research Capital LLC TRC raised its position in HBT Financial by 906.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,249 shares of the company’s stock worth $107,000 after buying an additional 3,827 shares during the last quarter. Franklin Resources Inc. purchased a new position in HBT Financial during the 2nd quarter worth approximately $208,000. Finally, Integrated Quantitative Investments LLC acquired a new stake in HBT Financial during the 3rd quarter valued at approximately $224,000. Hedge funds and other institutional investors own 78.55% of the company’s stock.

About HBT Financial

HBT Financial, Inc is the bank holding company for HomeTrust Bank, a community-focused financial institution based in Lenoir, North Carolina. Through its subsidiary, HomeTrust Bank, the company provides a full suite of personal and business banking services across western North Carolina, eastern Tennessee and Upstate South Carolina. The company’s operations include a network of branch offices, ATMs and online banking platforms designed to serve both urban and rural communities in its primary market areas.

HomeTrust Bank’s product offerings encompass traditional deposit accounts such as checking, savings and money market accounts, as well as certificates of deposit.