HBT Financial (NASDAQ:HBT) Given “Outperform” Rating at Keefe, Bruyette & Woods

by · The Markets Daily

HBT Financial (NASDAQ:HBT – Get Free Report)‘s stock had its “outperform” rating reissued by stock analysts at Keefe, Bruyette & Woods in a note issued to investors on Thursday,Benzinga reports. They presently have a $41.00 price target on the stock, up from their previous price target of $38.00. Keefe, Bruyette & Woods’ price target indicates a potential upside of 11.06% from the stock’s current price.

Several other research firms have also recently weighed in on HBT. Zacks Research cut shares of HBT Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Hovde Group increased their price objective on shares of HBT Financial from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday. DA Davidson raised their price objective on HBT Financial from $36.00 to $38.00 and gave the company a “neutral” rating in a research report on Tuesday. Weiss Ratings raised HBT Financial from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, July 30th. Finally, Wall Street Zen downgraded HBT Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.40.

View Our Latest Analysis on HBT Financial

HBT Financial Price Performance

HBT stock traded up $0.46 during midday trading on Thursday, hitting $36.92. The company’s stock had a trading volume of 28,581 shares, compared to its average volume of 100,056. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.20. HBT Financial has a 12 month low of $22.36 and a 12 month high of $36.91. The company has a 50 day moving average of $32.61 and a two-hundred day moving average of $29.43. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 15.82 and a beta of 0.51.

HBT Financial (NASDAQ:HBT – Get Free Report) last released its quarterly earnings data on Monday, July 27th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.05. HBT Financial had a net margin of 23.44% and a return on equity of 14.03%. The firm had revenue of $80.90 million for the quarter, compared to analysts’ expectations of $80.36 million. On average, analysts expect that HBT Financial will post 3.01 EPS for the current year.

Institutional Trading of HBT Financial

Large investors have recently made changes to their positions in the business. AQR Capital Management LLC lifted its holdings in shares of HBT Financial by 17.4% in the 1st quarter. AQR Capital Management LLC now owns 15,554 shares of the company’s stock valued at $349,000 after acquiring an additional 2,307 shares during the last quarter. Jane Street Group LLC bought a new stake in HBT Financial during the first quarter worth approximately $286,000. Franklin Resources Inc. bought a new stake in HBT Financial during the second quarter worth approximately $208,000. First Trust Advisors LP raised its position in HBT Financial by 6.0% during the second quarter. First Trust Advisors LP now owns 20,301 shares of the company’s stock valued at $512,000 after purchasing an additional 1,155 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new stake in HBT Financial during the second quarter valued at approximately $297,000. 78.55% of the stock is currently owned by institutional investors.

About HBT Financial

(Get Free Report)

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.

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