HBT Financial (NASDAQ:HBT) Shares Gap Down – Here’s What Happened

by · The Cerbat Gem

HBT Financial, Inc. (NASDAQ:HBT – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $23.86, but opened at $21.68. HBT Financial shares last traded at $23.53, with a volume of 1,788 shares.

Wall Street Analysts Forecast Growth

HBT has been the subject of several research analyst reports. DA Davidson lowered HBT Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $26.00 to $24.00 in a research report on Wednesday, September 25th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $27.00 price target (up from $25.00) on shares of HBT Financial in a report on Tuesday, July 23rd. Piper Sandler lowered their price objective on shares of HBT Financial from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. upped their price target on HBT Financial from $21.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $24.40.

Read Our Latest Report on HBT

HBT Financial Stock Down 1.8 %

The stock has a 50-day moving average of $22.38 and a 200 day moving average of $21.27. The company has a market capitalization of $739.14 million, a PE ratio of 10.85 and a beta of 0.86. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20.

HBT Financial (NASDAQ:HBT – Get Free Report) last announced its earnings results on Monday, October 21st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm 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%. Sell-side analysts anticipate that HBT Financial, Inc. will post 2.33 EPS for the current year.

HBT Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Monday, November 4th. HBT Financial’s payout ratio is 34.55%.

Institutional Trading of HBT Financial

Hedge funds have recently made changes to their positions in the company. FMR LLC raised its stake in HBT Financial by 70.1% in the 3rd 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. SG Americas Securities LLC purchased a new position in shares of HBT Financial in the third quarter worth about $122,000. GSA Capital Partners LLP purchased a new position in shares of HBT Financial in the third quarter worth about $251,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of HBT Financial in the third quarter valued at approximately $295,000. Finally, Hsbc Holdings PLC lifted its stake in shares of HBT Financial by 3.8% during the 2nd quarter. Hsbc Holdings PLC now owns 14,605 shares of the company’s stock valued at $287,000 after buying an additional 541 shares in the last quarter. 78.55% of the stock is currently owned by institutional investors.

About HBT Financial

(Get Free Report)

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.

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