Is HBT Financial, Inc. overvalued or undervalued?

As of 3 October 2025, the valuation grade for HBT Financial, Inc. has moved from very attractive to attractive, indicating a shift in perceived value. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 10, a Price to Book Value of 1.32, and an EV to EBITDA of 6.03. In comparison to peers, Banc of California, Inc. has a P/E ratio of 18.08, while Republic Bancorp, Inc. shows a P/E of 10.77, highlighting that HBT Financial is positioned competitively within its industry.
Despite the recent decline in stock returns over the past week and month, HBT Financial has outperformed the S&P 500 over the one-year period with a return of 19.48% compared to the S&P's 17.82%. However, its three-year performance lags significantly behind the S&P 500, with a return of 40.15% versus 82.57%. Overall, while HBT Financial is currently fairly valued, its mixed performance relative to the broader market suggests caution for potential investors.