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HBT Financial
(NASDAQ:HBT)
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Rating:75Outperform
Price Target:
$39.00
â–²(17.15% Upside)
Action:Reiterated
Date:07/28/26
Overall score reflects solid financial health with steady growth but some near-term caution from weaker TTM cash flow and higher debt, paired with a clearly positive price trend. Valuation is reasonable with a supportive dividend, and corporate updates (including a dividend raise after strong Q2 results) add incremental positivity.
Positive Factors
Steady revenue growth and earnings power
Consistent top-line growth and sustained profitability demonstrate durable demand across its commercial and consumer lending franchises. Over the next 2-6 months this underpins predictable net interest income and fee generation, supporting reinvestment, dividend capacity and measured organic growth.
Negative Factors
TTM operating and free cash flow down meaningfully
A pronounced downward trajectory in cash generation reduces internal funding for loans, capital expenditures, and payouts. If weaker cash conversion persists it can constrain balance sheet flexibility, slow organic growth, and make the franchise more reliant on external funding over a multi-month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth and earnings power
Consistent top-line growth and sustained profitability demonstrate durable demand across its commercial and consumer lending franchises. Over the next 2-6 months this underpins predictable net interest income and fee generation, supporting reinvestment, dividend capacity and measured organic growth.
Read all positive factors
HBT Financial (HBT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.30B
Dividend Yield2.46%
Average Volume (3M)204.65K
Price to Earnings (P/E)15.3
Beta (1Y)0.92
Revenue Growth13.29%
EPS Growth-4.08%
CountryUS
Employees826
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.18
Shares Outstanding36,381,077
10 Day Avg. Volume142,265
30 Day Avg. Volume204,645
Financial Highlights & Ratios
PEG Ratio1.41
Price to Book (P/B)1.32
Price to Sales (P/S)2.77
P/FCF Ratio10.86
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$36.00Price Target Upside8.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.95
Revenue Forecast (FY)$312.65M
HBT Financial Business Overview & Revenue Model
Company Description
HBT Financial, Inc. operates as the bank holding company for Heartland Bank and Trust Company, offering a comprehensive suite of financial products and services. They cater to a diverse client base, including individuals, businesses, and municipal...
How the Company Makes Money
HBT Financial primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is earned from the spread between interest income generated on interest-earning assets—primarily loans (e.g., commercial, real esta...
HBT Financial Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 303.99M | 293.33M | 285.21M | 263.64M | 186.72M | 164.23M |
| Gross Profit | 245.11M | 234.74M | 219.33M | 218.14M | 180.25M | 166.49M |
| EBITDA | 99.53M | 109.58M | 103.17M | 94.36M | 80.11M | 80.69M |
| Net Income | 69.13M | 77.01M | 71.78M | 65.84M | 56.46M | 56.27M |
Balance Sheet | ||||||
| Total Assets | 6.77B | 5.07B | 5.03B | 5.07B | 4.29B | 4.31B |
| Cash, Cash Equivalents and Short-Term Investments | 1.06B | 837.52M | 189.98M | 901.22M | 957.68M | 1.35B |
| Total Debt | 154.31M | 65.21M | 134.60M | 147.33M | 280.26M | 138.29M |
| Total Liabilities | 6.03B | 4.46B | 4.49B | 4.58B | 3.91B | 3.90B |
| Stockholders Equity | 747.40M | 615.50M | 544.61M | 489.50M | 373.63M | 411.88M |
Cash Flow | ||||||
| Free Cash Flow | 71.46M | 74.82M | 83.87M | 62.70M | 71.54M | 42.07M |
| Operating Cash Flow | 83.15M | 85.07M | 89.37M | 65.83M | 72.59M | 43.10M |
| Investing Cash Flow | 177.58M | -39.64M | 32.35M | 132.66M | -335.12M | -349.61M |
| Financing Cash Flow | -184.67M | -60.85M | -125.28M | -171.40M | -32.57M | 403.33M |
HBT Financial Technical Analysis
Positive
33.29
Price Trends
31.87
Positive
29.66
Positive
27.67
Positive
Market Momentum
1.32
Negative
73.03
Negative
84.69
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HBT, the sentiment is Positive. The current price of 33.29 is below the 20-day moving average (MA) of 34.07, above the 50-day MA of 31.87, and above the 200-day MA of 27.67, indicating a bullish trend. The MACD of 1.32 indicates Negative momentum. The RSI at 73.03 is Negative, neither overbought nor oversold. The STOCH value of 84.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HBT.
HBT Financial Risk Analysis
HBT Financial disclosed 46 risk factors in its most recent earnings report. HBT Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
HBT Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $1.03B | 12.55 | 14.00% | 2.92% | 5.05% | 39.76% | |
75 Outperform | $1.30B | 15.32 | 11.40% | 2.64% | 13.29% | -4.08% | |
75 Outperform | $1.23B | 14.02 | 7.69% | 3.22% | 17.16% | 47.28% | |
70 Outperform | $1.05B | -129.95 | 4.64% | 1.43% | 10.89% | -58.49% | |
69 Neutral | $1.15B | 11.56 | 10.22% | 0.82% | 10.54% | 28.24% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $1.05B | -6.47 | -20.76% | 3.19% | -72.31% | -366.87% |
* Financial Sector Average
HBT
HBT Financial
36.25
12.89
55.17%
CPF
Central Pacific Financial
39.27
13.74
53.81%
HFWA
Heritage Financial
29.65
8.31
38.91%
HBNC
Horizon Bancorp
20.48
6.00
41.40%
EQBK
Equity Bancshares
51.22
15.24
42.34%
MCB
Metropolitan Bank Holding
92.85
25.67
38.21%
HBT Financial Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
HBT Financial Raises Dividend After Strong Q2 Results
Positive
Jul 27, 2026
HBT Financial reported strong second-quarter 2026 results, with net income rising to $27.8 million, or $0.76 per diluted share, and adjusted net income reaching $28.5 million, or $0.78 per diluted share, supported by a 22.5% jump in net interest i...
Executive/Board ChangesShareholder Meetings
HBT Financial Shareholders Approve Directors, Pay and Auditor
Positive
May 21, 2026
On May 19, 2026, HBT Financial, Inc. held its Annual Meeting of Stockholders, at which shareholders elected 12 directors to serve until the 2027 annual meeting or until their successors are duly chosen. The voting results showed strong support for...
Dividends
HBT Financial Declares Quarterly Cash Dividend to Shareholders
Positive
Apr 29, 2026
On April 28, 2026, HBT Financial, Inc.’s Board of Directors declared a quarterly cash dividend of $0.23 per share on its common stock. The dividend is scheduled to be paid on May 19, 2026 to shareholders of record as of May 12, 2026, undersc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.