Brokerages Set HBT Financial, Inc. (NASDAQ:HBT) Target Price at $24.75

Shares of HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) have received a consensus recommendation of "Hold" from the six brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $24.75.

A number of equities research analysts have commented on HBT shares. Hovde Group started coverage on HBT Financial in a research report on Thursday, March 27th. They set a "market perform" rating and a $24.50 price objective for the company. Piper Sandler decreased their target price on shares of HBT Financial from $27.00 to $26.00 and set a "neutral" rating for the company in a research note on Friday, January 24th.

Insiders Place Their Bets

In other HBT Financial news, Director Patrick F. Busch sold 8,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $24.77, for a total transaction of $198,160.00. Following the transaction, the director now owns 182,000 shares in the company, valued at $4,508,140. This trade represents a 4.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Fred L. Drake sold 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.15, for a total transaction of $251,500.00. Following the completion of the sale, the chairman now owns 22,825 shares of the company's stock, valued at $574,048.75. The trade was a 30.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,900 shares of company stock valued at $969,500 over the last ninety days. Corporate insiders own 59.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Picton Mahoney Asset Management increased its stake in shares of HBT Financial by 47.7% in the fourth quarter. Picton Mahoney Asset Management now owns 1,335 shares of the company's stock worth $29,000 after purchasing an additional 431 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of HBT Financial in the fourth quarter valued at approximately $57,000. GAMMA Investing LLC grew its stake in shares of HBT Financial by 4,457.6% in the first quarter. GAMMA Investing LLC now owns 2,689 shares of the company's stock worth $600,000 after acquiring an additional 2,630 shares during the last quarter. FMR LLC increased its position in HBT Financial by 70.1% during the third quarter. FMR LLC now owns 4,329 shares of the company's stock worth $95,000 after acquiring an additional 1,784 shares during the period. Finally, SG Americas Securities LLC raised its stake in HBT Financial by 13.6% during the 4th quarter. SG Americas Securities LLC now owns 6,309 shares of the company's stock valued at $138,000 after purchasing an additional 756 shares during the last quarter. Institutional investors and hedge funds own 78.55% of the company's stock.

HBT Financial Trading Up 1.1 %

Shares of HBT stock traded up $0.26 during trading hours on Monday, reaching $23.50. 32,795 shares of the stock traded hands, compared to its average volume of 32,640. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $743.33 million, a PE ratio of 10.40 and a beta of 0.62. HBT Financial has a 1-year low of $18.16 and a 1-year high of $26.25. The business has a fifty day moving average price of $23.10 and a 200 day moving average price of $23.02.

HBT Financial (NASDAQ:HBT - Get Free Report) last released its earnings results on Monday, April 21st. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.04. HBT Financial had a return on equity of 14.57% and a net margin of 24.99%. The company had revenue of $63.14 million during the quarter, compared to analyst estimates of $57.57 million. During the same quarter in the prior year, the company earned $0.57 earnings per share. On average, equities research analysts forecast that HBT Financial will post 2.34 EPS for the current year.

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.