HBT Financial price target raised to $32 from $30 at Piper Sandler

Piper Sandler analyst Nathan Race raised the firm’s price target on HBT Financial (HBT) to $32 from $30 and keeps a Neutral rating on the shares. The firm says that while Q1 results were noisy as HBT’s largest acquisition-to-date closed March 2, PPNR was essentially in-line and core profitability remained well-above average. Apart from a more conservative LSD loan growth outlook, updated guidance is consistent with expectations going into Q1, adds Piper.