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HBT Financial
(NASDAQ:HBT)
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Rating:72Outperform
Price Target:
$41.00
â–²(15.17% Upside)
Action:Reiterated
Date:08/17/26
HBT scores well overall on solid profitability and a generally prudent balance sheet, supported by a strong technical uptrend. The biggest offset is weaker and more volatile cash flow, while valuation is reasonable and recent corporate actions (dividend increase and pending merger) add a positive strategic tailwind.
Positive Factors
Reaccelerating Revenue and Strong Profitability
Positive revenue momentum alongside consistently strong margins indicates durable customer demand and operating profitability. This provides a solid earnings base for organic expansion, although future performance depends on maintaining margins as the franchise grows.
Negative Factors
Weak and Volatile Cash Generation
The sharp decline in operating and free cash flow reduces financial flexibility despite continued profitability. Persistent volatility could constrain internal funding for acquisitions, dividends or investment and may signal less reliable cash conversion over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Reaccelerating Revenue and Strong Profitability
Positive revenue momentum alongside consistently strong margins indicates durable customer demand and operating profitability. This provides a solid earnings base for organic expansion, although future performance depends on maintaining margins as the franchise grows.
Read all positive factors
HBT Financial (HBT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.29B
Dividend Yield2.58%
Average Volume (3M)204.65K
Price to Earnings (P/E)15.3
Beta (1Y)0.84
Revenue Growth13.29%
EPS Growth-4.08%
CountryUS
Employees826
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.34
Shares Outstanding36,365,612
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
$37.67Price Target Upside5.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)3.05
Revenue Forecast (FY)$316.50M
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
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 331.35M | 293.33M | 285.21M | 263.64M | 186.72M | 164.23M |
| Gross Profit | 267.06M | 234.74M | 219.33M | 218.14M | 180.25M | 166.49M |
| EBITDA | 109.48M | 109.58M | 103.17M | 94.36M | 80.11M | 80.69M |
| Net Income | 77.75M | 77.01M | 71.78M | 65.84M | 56.46M | 56.27M |
Balance Sheet | ||||||
| Total Assets | 6.73B | 5.07B | 5.03B | 5.07B | 4.29B | 4.31B |
| Cash, Cash Equivalents and Short-Term Investments | 1.67B | 837.52M | 189.98M | 901.22M | 957.68M | 1.35B |
| Total Debt | 149.33M | 65.21M | 134.60M | 147.33M | 280.26M | 138.29M |
| Total Liabilities | 5.96B | 4.46B | 4.49B | 4.58B | 3.91B | 3.90B |
| Stockholders Equity | 764.73M | 615.50M | 544.61M | 489.50M | 373.63M | 411.88M |
Cash Flow | ||||||
| Free Cash Flow | 75.68M | 74.82M | 83.87M | 62.70M | 71.54M | 42.07M |
| Operating Cash Flow | 86.81M | 85.07M | 89.37M | 65.83M | 72.59M | 43.10M |
| Investing Cash Flow | 3.35M | -39.64M | 32.35M | 132.66M | -335.12M | -349.61M |
| Financing Cash Flow | -153.65M | -60.85M | -125.28M | -171.40M | -32.57M | 403.33M |
HBT Financial Technical Analysis
Neutral
35.60
Price Trends
33.66
Positive
30.84
Positive
28.36
Positive
Market Momentum
0.61
Positive
54.48
Neutral
29.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HBT, the sentiment is Neutral. The current price of 35.6 is below the 20-day moving average (MA) of 36.03, above the 50-day MA of 33.66, and above the 200-day MA of 28.36, indicating a neutral trend. The MACD of 0.61 indicates Positive momentum. The RSI at 54.48 is Neutral, neither overbought nor oversold. The STOCH value of 29.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | $978.40M | 12.05 | 14.00% | 2.92% | 5.05% | 39.76% | |
72 Outperform | $1.29B | 15.26 | 11.40% | 2.64% | 13.29% | -4.08% | |
72 Outperform | $1.02B | 27.94 | 4.64% | 1.43% | 10.85% | -58.49% | |
70 Outperform | $1.18B | 13.52 | 7.69% | 3.22% | 17.16% | 47.28% | |
69 Neutral | $1.13B | 11.46 | 10.22% | 0.82% | 10.54% | 28.24% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | $1.01B | -6.18 | -20.76% | 3.19% | -72.33% | -366.87% |
* Financial Sector Average
HBT
HBT Financial
35.71
9.95
38.64%
CPF
Central Pacific Financial
37.84
7.42
24.40%
HFWA
Heritage Financial
28.66
5.02
21.24%
HBNC
Horizon Bancorp
19.53
3.26
20.06%
EQBK
Equity Bancshares
49.73
9.71
24.27%
MCB
Metropolitan Bank Holding
91.68
13.15
16.74%
HBT Financial Corporate Events
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
HBT Financial Announces Merger with Tri-County Financial Group
Positive
Aug 10, 2026
On August 10, 2026, HBT Financial and Tri-County Financial Group signed a definitive merger agreement under which Tri-County will merge into HBT in a stock-and-cash deal valued at about $204.6 million, based on HBT’s August 7 share price. Th...
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...
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.