HBT Financial (NASDAQ:HBT) Hits New 52-Week High – Time to Buy?

HBT Financial, Inc. (NASDAQ:HBT)’s share price reached a new 52-week high on Friday . The stock traded as high as $27.00 and last traded at $27.00, with a volume of 500 shares traded. The stock had previously closed at $23.88.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HBT shares. Piper Sandler reduced their price objective on HBT Financial from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. DA Davidson lowered HBT Financial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $26.00 to $24.00 in a research report 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 given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $24.40.

HBT Financial Trading Up 1.8 %

The firm has a market cap of $766.91 million, a P/E ratio of 11.05 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a fifty day simple moving average of $22.51 and a 200 day simple moving average of $21.36.

HBT Financial (NASDAQ:HBT) last issued its earnings results on Monday, October 21st. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $56.44 million during the quarter, compared to analyst estimates of $57.05 million. HBT Financial had a return on equity of 14.70% and a net margin of 24.68%. On average, research analysts expect that HBT Financial, Inc. will post 2.33 earnings per share for the current fiscal year.

HBT Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.13%. The ex-dividend date was Monday, November 4th. HBT Financial’s dividend payout ratio is currently 34.55%.

Insider Buying and Selling at HBT Financial

In related news, Chairman Fred L. Drake sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $23.86, for a total value of $52,492.00. Following the transaction, the chairman now owns 91,470 shares of the company’s stock, valued at approximately $2,182,474.20. This trade represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 59.80% of the company’s stock.

Institutional Trading of HBT Financial

Hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC increased its stake in shares of HBT Financial by 3.8% in the second quarter. Hsbc Holdings PLC now owns 14,605 shares of the company’s stock worth $287,000 after purchasing an additional 541 shares in the last quarter. FMR LLC raised its holdings in HBT Financial by 70.1% during the third quarter. FMR LLC now owns 4,329 shares of the company’s stock valued at $95,000 after acquiring an additional 1,784 shares during the period. Geode Capital Management LLC lifted its position in shares of HBT Financial by 0.6% in the third quarter. Geode Capital Management LLC now owns 309,110 shares of the company’s stock valued at $6,764,000 after acquiring an additional 1,989 shares in the last quarter. State Street Corp boosted its stake in shares of HBT Financial by 1.6% in the third quarter. State Street Corp now owns 251,438 shares of the company’s stock worth $5,501,000 after acquiring an additional 3,874 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of HBT Financial by 0.8% during the first quarter. Vanguard Group Inc. now owns 626,575 shares of the company’s stock worth $11,930,000 after purchasing an additional 5,183 shares in the last quarter. Institutional investors own 78.55% of the company’s stock.

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.