US : HBT Financial, Inc. - HBT | Downgrading to Market Perform on Revenue Growth Headwinds

We are downgrading HBT shares to Market Perform from Outperform following the release of 4Q financial results. It was mostly a solid quarter in 4Q and we raised 2021 EPS for lower credit costs and incremental share repurchases, but core NIM contracted more than we expected. While we continue to thi