JPMorgan Chase & Co. Trims HBT Financial (NASDAQ:HBT) Target Price to $21.00

HBT Financial (NASDAQ:HBT) had its target price trimmed by JPMorgan Chase & Co. from $22.00 to $21.00 in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has an underweight rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Piper Sandler upped their price target on shares of HBT Financial from $21.00 to $21.50 and gave the stock a neutral rating in a research note on Tuesday, April 23rd. Raymond James upgraded shares of HBT Financial from a market perform rating to an outperform rating and set a $23.00 price target on the stock in a research note on Friday, May 10th.

HBT Financial Stock Up 6.2 %

NASDAQ:HBT opened at $20.42 on Thursday. The firm’s 50-day moving average price is $19.18 and its 200-day moving average price is $19.46. The company has a market capitalization of $645.07 million, a PE ratio of 9.04 and a beta of 0.86. 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 $21.87.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings results on Monday, April 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. The company had revenue of $52.31 million for the quarter, compared to analysts’ expectations of $56.29 million. HBT Financial had a net margin of 26.29% and a return on equity of 16.14%. On average, equities analysts predict that HBT Financial will post 2.26 EPS for the current fiscal year.

HBT Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.72%. The ex-dividend date was Monday, May 6th. HBT Financial’s dividend payout ratio is currently 33.63%.

Insider Buying and Selling at HBT Financial

In related news, Director Eric E. Burwell bought 6,000 shares of the stock in a transaction on Tuesday, June 11th. The shares were acquired at an average price of $18.99 per share, for a total transaction of $113,940.00. Following the purchase, the director now owns 31,820 shares of the company’s stock, valued at $604,261.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 59.80% of the company’s stock.

Hedge Funds Weigh In On HBT Financial

Several institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its holdings in HBT Financial by 70.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock worth $54,000 after acquiring an additional 1,062 shares in the last quarter. LSV Asset Management purchased a new stake in HBT Financial during the 1st quarter valued at approximately $183,000. SG Americas Securities LLC grew its holdings in HBT Financial by 36.6% during the 4th quarter. SG Americas Securities LLC now owns 9,029 shares of the company’s stock valued at $191,000 after buying an additional 2,418 shares in the last quarter. Meredith Wealth Planning purchased a new stake in HBT Financial during the 4th quarter valued at approximately $203,000. Finally, Assenagon Asset Management S.A. purchased a new stake in HBT Financial during the 4th quarter valued at approximately $1,010,000. Institutional investors own 78.55% of the company’s stock.

About HBT Financial

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.