JPMorgan Chase & Co. Raises HBT Financial (NASDAQ:HBT) Price Target to $22.00

HBT Financial (NASDAQ:HBT) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from $21.00 to $22.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 15.12% from the stock’s current price.

HBT Financial Price Performance

Shares of NASDAQ HBT traded up $0.18 during mid-day trading on Tuesday, reaching $19.11. The company’s stock had a trading volume of 4,248 shares, compared to its average volume of 27,208. The firm has a market capitalization of $604.07 million, a PE ratio of 9.19 and a beta of 0.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.80 and a quick ratio of 0.79. The stock has a fifty day moving average of $18.96 and a two-hundred day moving average of $19.33. HBT Financial has a 52 week low of $16.33 and a 52 week high of $21.87.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $70.62 million during the quarter, compared to analyst estimates of $57.78 million. HBT Financial had a return on equity of 16.93% and a net margin of 24.84%. During the same quarter in the prior year, the company posted $0.62 earnings per share. As a group, sell-side analysts anticipate that HBT Financial will post 2.24 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Roger A. Baker bought 3,632 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were bought at an average cost of $18.86 per share, for a total transaction of $68,499.52. Following the completion of the transaction, the director now owns 559,804 shares of the company’s stock, valued at $10,557,903.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Roger A. Baker bought 3,632 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were bought at an average cost of $18.86 per share, for a total transaction of $68,499.52. Following the completion of the transaction, the director now owns 559,804 shares of the company’s stock, valued at $10,557,903.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roger A. Baker bought 1,888 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average price of $18.68 per share, for a total transaction of $35,267.84. Following the completion of the transaction, the director now directly owns 555,980 shares of the company’s stock, valued at approximately $10,385,706.40. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 5,820 shares of company stock worth $109,417. Corporate insiders own 58.60% of the company’s stock.

Institutional Investors Weigh In On HBT Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HBT. Assenagon Asset Management S.A. purchased a new stake in HBT Financial during the fourth quarter valued at approximately $1,010,000. Los Angeles Capital Management LLC raised its position in HBT Financial by 40.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock valued at $1,420,000 after purchasing an additional 19,440 shares during the period. Meredith Wealth Planning purchased a new stake in HBT Financial during the fourth quarter valued at approximately $203,000. SG Americas Securities LLC purchased a new stake in shares of HBT Financial in the third quarter worth approximately $121,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of HBT Financial by 70.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock worth $54,000 after buying an additional 1,062 shares during the period. 78.55% of the stock is currently owned by hedge funds and other institutional investors.

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.