HBT Financial (NASDAQ:HBT) Stock Rating Upgraded by Zacks Research

HBT Financial (NASDAQ:HBT) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

Other equities research analysts have also recently issued reports about the company. DA Davidson upped their target price on HBT Financial from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded HBT Financial from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, July 30th. Hovde Group upped their price objective on HBT Financial from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Wall Street Zen downgraded shares of HBT Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $41.00 price target (up from $38.00) on shares of HBT Financial in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, HBT Financial presently has an average rating of “Moderate Buy” and a consensus price target of $37.40.

HBT Financial Trading Down 0.6%

HBT Financial stock opened at $35.69 on Monday. The stock has a market cap of $1.30 billion, a P/E ratio of 15.32 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.84 and a quick ratio of 0.84. HBT Financial has a 1 year low of $22.36 and a 1 year high of $37.51. The firm’s 50 day moving average price is $35.86 and its 200-day moving average price is $31.42.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings results on Monday, July 27th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.05. HBT Financial had a return on equity of 13.46% and a net margin of 23.44%.The business had revenue of $80.90 million during the quarter, compared to analysts’ expectations of $80.36 million. On average, equities analysts predict that HBT Financial will post 3.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HBT Financial

A number of hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC purchased a new position in HBT Financial during the second quarter valued at $451,000. Squarepoint Ops LLC purchased a new stake in shares of HBT Financial during the second quarter worth about $374,000. Wellington Management Group LLP acquired a new position in shares of HBT Financial during the 2nd quarter worth about $9,552,000. Public Employees Retirement System of Ohio acquired a new position in shares of HBT Financial during the 2nd quarter worth about $147,000. Finally, Bank of America Corp DE purchased a new position in HBT Financial in the 2nd quarter valued at about $1,048,000. Hedge funds and other institutional investors own 78.55% of the company’s stock.

HBT Financial Company Profile

HBT Financial, Inc is a bank holding company headquartered in Bloomington, Illinois. Through its principal subsidiary, Heartland Bank and Trust Company, the company provides banking and financial services to individuals, families, businesses and agricultural customers.

Heartland Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, commercial lending, agricultural financing and treasury management services. Its other services include wealth management, trust and investment services, online and mobile banking, and insurance-related products.

The company serves communities primarily across central, eastern and western Illinois through a network of banking locations and digital channels.