HBT Financial (NASDAQ:HBT – Get Rating) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Friday, The Fly reports.
Separately, TheStreet lowered shares of HBT Financial from a “b-” rating to a “c” rating in a research note on Monday, April 18th.
Shares of NASDAQ:HBT opened at $17.87 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $516.80 million, a PE ratio of 9.21 and a beta of 1.24. The firm’s 50-day moving average is $17.35 and its two-hundred day moving average is $18.33. HBT Financial has a 1 year low of $14.19 and a 1 year high of $19.99.
HBT Financial (NASDAQ:HBT – Get Rating) last released its earnings results on Monday, April 25th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. HBT Financial had a net margin of 32.61% and a return on equity of 14.19%. The firm had revenue of $41.97 million for the quarter, compared to analyst estimates of $40.83 million. During the same period in the prior year, the firm earned $0.51 earnings per share. Analysts expect that HBT Financial will post 1.77 EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in HBT. Assenagon Asset Management S.A. purchased a new position in HBT Financial in the fourth quarter valued at approximately $724,000. Dimensional Fund Advisors LP increased its stake in HBT Financial by 21.1% in the first quarter. Dimensional Fund Advisors LP now owns 111,738 shares of the company’s stock valued at $2,031,000 after purchasing an additional 19,454 shares during the last quarter. Royce & Associates LP increased its stake in HBT Financial by 2.1% in the fourth quarter. Royce & Associates LP now owns 833,997 shares of the company’s stock valued at $15,621,000 after purchasing an additional 16,856 shares during the last quarter. State Street Corp increased its stake in HBT Financial by 4.9% in the first quarter. State Street Corp now owns 164,009 shares of the company’s stock valued at $2,982,000 after purchasing an additional 7,639 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in HBT Financial by 8.6% in the first quarter. Acadian Asset Management LLC now owns 87,269 shares of the company’s stock valued at $1,582,000 after purchasing an additional 6,943 shares during the last quarter. Institutional investors own 26.25% of the company’s stock.
HBT Financial Company Profile (Get Rating)
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. 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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Source: marketbeat.com