HBT Financial (NASDAQ:HBT) Downgraded to “Hold” Rating by Wall Street Zen

HBT Financial (NASDAQ:HBT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

HBT has been the subject of a number of other research reports. Weiss Ratings downgraded shares of HBT Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Zacks Research downgraded shares of HBT Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Piper Sandler boosted their price objective on shares of HBT Financial from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Finally, DA Davidson lifted their target price on HBT Financial from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, HBT Financial presently has an average rating of “Moderate Buy” and an average target price of $30.75.

HBT Financial Stock Up 1.9%

NASDAQ:HBT opened at $30.59 on Friday. HBT Financial has a 1-year low of $22.36 and a 1-year high of $30.85. The company has a 50-day moving average of $28.30 and a 200 day moving average of $27.28. The firm has a market cap of $1.11 billion, a PE ratio of 14.03 and a beta of 0.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.85 and a quick ratio of 0.85.

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

Insider Activity

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

Institutional Investors Weigh In On HBT Financial

Large investors have recently modified their holdings of the business. State of Alaska Department of Revenue grew its stake 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 acquiring an additional 539 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of HBT Financial by 66.6% during the third quarter. BNP Paribas Financial Markets now owns 3,892 shares of the company’s stock worth $98,000 after acquiring an additional 1,556 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of HBT Financial by 906.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,249 shares of the company’s stock worth $107,000 after acquiring an additional 3,827 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of HBT Financial during the second quarter worth about $208,000. Finally, Integrated Quantitative Investments LLC purchased a new stake in shares of HBT Financial during the third quarter worth about $224,000. Hedge funds and other institutional investors own 78.55% of the company’s stock.

HBT Financial Company Profile

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.