HBT Financial (NASDAQ:HBT) Rating Lowered to “Hold” at 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 note issued to investors on Monday.

HBT has been the topic of a number of other research reports. DA Davidson upped their target price on HBT Financial from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Weiss Ratings cut shares of HBT Financial from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Piper Sandler boosted their price objective on shares of HBT Financial from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Zacks Research lowered shares of HBT Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, HBT Financial presently has a consensus rating of “Moderate Buy” and an average price target of $31.25.

HBT Financial Stock Performance

Shares of HBT opened at $31.75 on Monday. HBT Financial has a one year low of $22.36 and a one year high of $32.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 14.56 and a beta of 0.53. The company has a 50-day moving average of $28.83 and a two-hundred day moving average of $27.75.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The business had revenue of $67.84 million for the quarter, compared to the consensus estimate of $66.75 million. HBT Financial had a return on equity of 13.06% and a net margin of 22.72%. On average, equities research analysts expect that HBT Financial will post 2.95 earnings per share for the current year.

Insider Activity

In related news, Chairman Fred L. Drake sold 15,742 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $28.93, for a total value of $455,416.06. Following the completion of the sale, the chairman owned 45,815 shares of the company’s stock, valued at approximately $1,325,427.95. The trade was a 25.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 51.90% of the stock is currently owned by corporate insiders.

Institutional Trading of HBT Financial

A number of institutional investors have recently added to or reduced their stakes in the business. Heartland Bank & Trust Co grew its position in HBT Financial by 857.6% in the first quarter. Heartland Bank & Trust Co now owns 160,487 shares of the company’s stock worth $4,288,000 after acquiring an additional 143,727 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of HBT Financial during the 1st quarter valued at $3,349,000. Adage Capital Partners GP L.L.C. lifted its stake in shares of HBT Financial by 51.1% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 257,579 shares of the company’s stock valued at $6,658,000 after purchasing an additional 87,085 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of HBT Financial in the 3rd quarter valued at $725,000. Finally, Wells Fargo & Company MN boosted its holdings in HBT Financial by 315.1% in the fourth quarter. Wells Fargo & Company MN now owns 36,449 shares of the company’s stock worth $942,000 after purchasing an additional 27,669 shares in the last quarter. 78.55% of the stock is currently owned by institutional investors and hedge funds.

About HBT Financial

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.