HBT Financial (HBT) to Release Quarterly Earnings on Monday

HBT Financial (NASDAQ:HBT) will release its earnings data before the market opens on Monday, October 21st. Analysts expect HBT Financial to post earnings of $0.58 per share for the quarter.

HBT Financial (NASDAQ:HBT) last released its earnings results on Monday, July 22nd. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. HBT Financial had a return on equity of 15.53% and a net margin of 25.61%. The business had revenue of $72.43 million for the quarter, compared to the consensus estimate of $56.82 million. During the same period last year, the business earned $0.58 earnings per share. On average, analysts expect HBT Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

HBT Financial Price Performance

Shares of HBT stock opened at $22.78 on Friday. HBT Financial has a 12 month low of $17.69 and a 12 month high of $24.85. The company has a market capitalization of $719.64 million, a P/E ratio of 10.08 and a beta of 0.86. The stock has a 50 day moving average of $21.89 and a two-hundred day moving average of $20.62. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21.

HBT Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Tuesday, August 6th. HBT Financial’s payout ratio is 33.63%.

Insider Buying and Selling at HBT Financial

In other HBT Financial news, Director Patrick F. Busch sold 11,555 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $24.09, for a total value of $278,359.95. Following the transaction, the director now directly owns 190,000 shares of the company’s stock, valued at approximately $4,577,100. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 59.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. DA Davidson downgraded HBT Financial from a “buy” rating to a “neutral” rating and cut their target price for the stock from $26.00 to $24.00 in a research report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their price objective on HBT Financial from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. Piper Sandler upped their target price on shares of HBT Financial from $21.50 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $27.00 target price (up previously from $25.00) on shares of HBT Financial in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $24.60.

About HBT Financial

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 in Central and Northeastern Illinois, and Eastern Iowa. The company's deposits accounts consist of noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, certificates of deposits, health savings accounts, and individual retirement accounts.