HBT Financial (NASDAQ:HBT – Get Rating) was downgraded by JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report released on Friday, MarketBeat Ratings reports. They currently have a $19.00 target price on the stock, down from their prior target price of $20.00. JPMorgan Chase & Co.‘s target price points to a potential upside of 5.85% from the stock’s previous close.
Separately, TheStreet cut shares of HBT Financial from a “b-” rating to a “c” rating in a research note on Monday, April 18th.
NASDAQ HBT opened at $17.95 on Friday. HBT Financial has a 12 month low of $14.19 and a 12 month high of $19.99. The stock has a market cap of $519.11 million, a price-to-earnings ratio of 9.25 and a beta of 1.24. The company’s 50 day moving average is $17.35 and its two-hundred day moving average is $18.32. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20.
HBT Financial (NASDAQ:HBT – Get Rating) last released its earnings results on Monday, April 25th. The company reported $0.42 EPS 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 company had revenue of $41.97 million for the quarter, compared to analysts’ expectations of $40.83 million. During the same quarter last year, the business earned $0.51 EPS. Sell-side analysts forecast that HBT Financial will post 1.77 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. purchased a new position in HBT Financial during the fourth quarter worth $724,000. Geode Capital Management LLC boosted its stake in HBT Financial by 0.9% during the third quarter. Geode Capital Management LLC now owns 164,132 shares of the company’s stock worth $2,552,000 after buying an additional 1,518 shares during the period. Royce & Associates LP boosted its stake in HBT Financial by 2.1% during the fourth quarter. Royce & Associates LP now owns 833,997 shares of the company’s stock worth $15,621,000 after buying an additional 16,856 shares during the period. Dimensional Fund Advisors LP boosted its stake in HBT Financial by 20.3% during the third quarter. Dimensional Fund Advisors LP now owns 82,818 shares of the company’s stock worth $1,288,000 after buying an additional 13,994 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in HBT Financial by 15.0% during the first quarter. Renaissance Technologies LLC now owns 38,500 shares of the company’s stock worth $700,000 after buying an additional 5,010 shares during the period. 26.25% of the stock is owned by hedge funds and other institutional investors.
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: defenseworld.net