HBT Financial (NASDAQ:HBT) Price Target Cut to $24.00

HBT Financial (NASDAQ:HBT) had its price target cut by Piper Sandler from $25.00 to $24.00 in a report released on Tuesday, Benzinga reports. They currently have a neutral rating on the stock.

HBT has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price target on HBT Financial from $21.00 to $24.00 and gave the company an “underweight” rating in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $27.00 price objective (up previously from $25.00) on shares of HBT Financial in a research note on Tuesday, July 23rd. Finally, DA Davidson downgraded HBT Financial from a “buy” rating to a “neutral” rating and cut their target price for the stock 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 given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.40.

HBT Financial Trading Down 1.3 %

Shares of HBT stock opened at $21.29 on Tuesday. HBT Financial has a fifty-two week low of $17.74 and a fifty-two week high of $24.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s fifty day moving average is $21.97 and its two-hundred day moving average is $20.71. The firm has a market capitalization of $671.91 million, a P/E ratio of 9.68 and a beta of 0.86.

HBT Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, November 4th. This represents a $0.76 annualized dividend and a yield of 3.57%. HBT Financial’s dividend payout ratio (DPR) is 34.55%.

Hedge Funds Weigh In On HBT Financial

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in HBT Financial by 0.8% in the first quarter. Vanguard Group Inc. now owns 626,575 shares of the company’s stock valued at $11,930,000 after buying an additional 5,183 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of HBT Financial by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 406,456 shares of the company’s stock worth $8,298,000 after acquiring an additional 26,135 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of HBT Financial during the 1st quarter worth approximately $6,497,000. American Century Companies Inc. increased its holdings in HBT Financial by 5.1% in the 2nd quarter. American Century Companies Inc. now owns 119,698 shares of the company’s stock valued at $2,444,000 after purchasing an additional 5,859 shares during the last quarter. Finally, LSV Asset Management increased its holdings in HBT Financial by 1,082.5% in the 2nd quarter. LSV Asset Management now owns 113,808 shares of the company’s stock valued at $2,324,000 after purchasing an additional 104,184 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.