HBT Financial (HBT)
NASDAQ:HBT
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HBT Financial
(NASDAQ:HBT)
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Rating:83Outperform
Price Target:
$33.00
â–²(14.70% Upside)
Action:ReiteratedDate:04/27/26
The score is driven primarily by strong financial performance (steady growth, solid profitability, and a strengthening balance sheet), supported by attractive valuation (low P/E and solid dividend yield). Technicals are constructive with an uptrend and positive MACD, and corporate events add optimism via acquisition-driven expansion and improved capital flexibility, partially tempered by cash-flow volatility and integration execution risk.
Positive Factors
Strengthened, conservative leverage
A sharply lower debt-to-equity ratio indicates materially stronger capitalization and lower financial risk. This improves regulatory flexibility, reduces interest and rollover risk, and gives HBT durable capacity to absorb losses, fund organic growth, and pursue acquisitions without immediate equity issuance.
Negative Factors
Volatile free cash flow; sharp 2025 decline
Material FCF volatility and a sharp negative swing in 2025 weaken the quality of earnings and limit internally funded investments or buybacks. Persistent cash-flow inconsistency raises reliance on external funding and constrains flexibility to absorb shocks or sustain elevated dividends long term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strengthened, conservative leverage
A sharply lower debt-to-equity ratio indicates materially stronger capitalization and lower financial risk. This improves regulatory flexibility, reduces interest and rollover risk, and gives HBT durable capacity to absorb losses, fund organic growth, and pursue acquisitions without immediate equity issuance.
Read all positive factors
HBT Financial (HBT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.01B
Dividend Yield3.21%
Average Volume (3M)80.25K
Price to Earnings (P/E)19.8
Beta (1Y)0.89
Revenue Growth4.14%
EPS Growth-9.04%
CountryUS
Employees844
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.68
Shares Outstanding36,399,303
10 Day Avg. Volume76,573
30 Day Avg. Volume80,245
Financial Highlights & Ratios
PEG Ratio1.41
Price to Book (P/B)1.32
Price to Sales (P/S)2.77
P/FCF Ratio11.13
Enterprise Value/Market Cap0.85
Enterprise Value/Revenue2.94
Enterprise Value/Gross Profit3.68
Enterprise Value/Ebitda7.87
Forecast
1Y Price Target
$31.67Price Target Upside10.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.86
Revenue Forecast (FY)$314.07M
HBT Financial Business Overview & Revenue Model
Company Description
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 a...
How the Company Makes Money
HBT Financial primarily makes money through its banking subsidiary by earning net interest income and generating noninterest (fee-based) income. Net interest income is produced by collecting interest on loans and other interest-earning assets (suc...
HBT Financial Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 293.33M | 285.21M | 263.64M | 186.72M | 164.23M |
| Gross Profit | 234.74M | 219.33M | 218.14M | 180.25M | 166.49M |
| EBITDA | 109.58M | 103.17M | 94.36M | 80.11M | 80.69M |
| Net Income | 77.01M | 71.78M | 65.84M | 56.46M | 56.27M |
Balance Sheet | |||||
| Total Assets | 5.07B | 5.03B | 5.07B | 4.29B | 4.31B |
| Cash, Cash Equivalents and Short-Term Investments | 837.52M | 189.98M | 901.22M | 957.68M | 1.35B |
| Total Debt | 65.21M | 134.60M | 147.33M | 280.26M | 138.29M |
| Total Liabilities | 4.46B | 4.49B | 4.58B | 3.91B | 3.90B |
| Stockholders Equity | 615.50M | 544.61M | 489.50M | 373.63M | 411.88M |
Cash Flow | |||||
| Free Cash Flow | 73.02M | 83.87M | 62.70M | 71.54M | 42.07M |
| Operating Cash Flow | 83.27M | 89.37M | 65.83M | 72.59M | 43.10M |
| Investing Cash Flow | -37.84M | 32.35M | 132.66M | -335.12M | -349.61M |
| Financing Cash Flow | -60.85M | -125.28M | -171.40M | -32.57M | 403.33M |
HBT Financial Technical Analysis
Positive
28.77
Price Trends
27.52
Positive
26.77
Positive
25.70
Positive
Market Momentum
0.44
Negative
64.18
Neutral
71.31
Neutral
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 28.77 is above the 20-day moving average (MA) of 27.52, above the 50-day MA of 27.52, and above the 200-day MA of 25.70, indicating a bullish trend. The MACD of 0.44 indicates Negative momentum. The RSI at 64.18 is Neutral, neither overbought nor oversold. The STOCH value of 71.31 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
83 Outperform | $1.01B | 19.79 | 10.87% | 3.21% | 4.14% | -9.04% | |
75 Outperform | $1.13B | 7.07 | 10.95% | 0.38% | 9.48% | 37.91% | |
74 Outperform | $916.03M | 10.73 | 13.43% | 3.39% | 6.06% | 45.81% | |
73 Outperform | $1.12B | 13.27 | 7.58% | 3.91% | 8.28% | 37.82% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $924.63M | 8.07 | -20.89% | 3.50% | -71.39% | -406.48% | |
60 Neutral | $955.14M | 12.46 | 3.40% | 1.34% | 0.80% | -67.72% |
* Financial Sector Average
HBT
HBT Financial
28.64
6.24
27.85%
CPF
Central Pacific Financial
34.61
9.84
39.75%
HFWA
Heritage Financial
27.59
5.68
25.95%
HBNC
Horizon Bancorp
18.39
4.27
30.26%
EQBK
Equity Bancshares
46.20
8.33
21.99%
MCB
Metropolitan Bank Holding
90.85
29.32
47.66%
HBT Financial Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
HBT Financial Posts Q1 Results Highlighting Strong Core Performance
Positive
Apr 27, 2026
HBT Financial, Inc. reported first-quarter 2026 net income of $11.2 million, or $0.34 per diluted share, down from both the prior quarter and a year earlier, but said adjusted net income rose to $22.6 million, or $0.68 per diluted share, reflectin...
Business Operations and StrategyExecutive/Board Changes
HBT Financial Adds Veteran Banker to Board of Directors
Positive
Mar 25, 2026
On March 24, 2026, HBT Financial’s boards for both the holding company and Heartland Bank and Trust Company expanded their membership and appointed veteran banker Michael J. Morton as a director, effective April 1, 2026. His initial term wil...
Business Operations and StrategyPrivate Placements and Financing
HBT Financial Issues $85 Million Subordinated Notes Offering
Positive
Mar 12, 2026
On March 11, 2026, HBT Financial, Inc. issued and sold $85 million of 5.75% fixed-to-floating rate subordinated notes due 2036 in a private placement to institutional accredited investors and qualified institutional buyers, with the securities pri...
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing ChangesM&A Transactions
HBT Financial Closes CNB Acquisition, Expands Regional Footprint
Positive
Mar 2, 2026
On March 1, 2026, HBT Financial, Inc. completed its acquisition of CNB Bank Shares, Inc., folding CNB and its banking subsidiary into Heartland Bank and Trust Company in a stock-and-cash deal valued at about $34 million plus roughly 5.5 million HB...
Business Operations and StrategyM&A Transactions
HBT Financial Nears Completion of CNB Bank Shares Acquisition
Positive
Feb 2, 2026
On October 20, 2025, HBT Financial, Inc. entered into a merger agreement to acquire CNB Bank Shares, Inc. and its wholly owned bank subsidiary, CNB Bank Trust, N.A., marking a strategic expansion of HBT’s community banking footprint. CNB sh...
Dividends
HBT Financial Raises Quarterly Dividend, Boosting Shareholder Returns
Positive
Jan 28, 2026
On January 27, 2026, HBT Financial, Inc.’s board of directors approved a quarterly cash dividend of $0.23 per share on its common stock, payable on February 17, 2026, to shareholders of record as of February 9, 2026. The move, which raises t...
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.