HBT Financial, Inc. Expected to Post FY2024 Earnings of $2.28 Per Share (NASDAQ:HBT)

HBT Financial, Inc. (NASDAQ:HBT) – Equities research analysts at DA Davidson cut their FY2024 earnings per share (EPS) estimates for HBT Financial in a research report issued to clients and investors on Thursday, September 26th. DA Davidson analyst J. Rulis now forecasts that the company will post earnings per share of $2.28 for the year, down from their previous estimate of $2.30. DA Davidson has a “Neutral” rating and a $24.00 price objective on the stock. The consensus estimate for HBT Financial’s current full-year earnings is $2.30 per share. DA Davidson also issued estimates for HBT Financial’s FY2025 earnings at $2.15 EPS.

Other equities research analysts also recently issued research reports about the company. Piper Sandler lifted their target price on HBT Financial from $21.50 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their target price on HBT Financial from $21.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $27.00 target price (up previously from $25.00) on shares of HBT Financial in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, HBT Financial presently has a consensus rating of “Hold” and a consensus target price of $24.60.

HBT Financial Trading Up 0.6 %

HBT Financial stock opened at $21.63 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.21. HBT Financial has a 52 week low of $17.42 and a 52 week high of $24.85. The company has a market capitalization of $683.31 million, a price-to-earnings ratio of 9.57 and a beta of 0.86. The stock has a 50-day moving average price of $22.09 and a 200 day moving average price of $20.34.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings results on Monday, July 22nd. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. The business had revenue of $72.43 million during the quarter, compared to the consensus estimate of $56.82 million. HBT Financial had a return on equity of 15.53% and a net margin of 25.61%. During the same quarter last year, the company earned $0.58 earnings per share.

HBT Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.51%. The ex-dividend date was Tuesday, August 6th. HBT Financial’s dividend payout ratio is currently 33.63%.

Insider Activity at HBT Financial

In other news, Director Patrick F. Busch sold 11,555 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $24.09, for a total value of $278,359.95. Following the completion of the sale, the director now directly owns 190,000 shares in the company, valued at $4,577,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 59.80% of the stock is owned by company insiders.

Institutional Trading of HBT Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Advisors LLC purchased a new stake in shares of HBT Financial during the first quarter worth approximately $6,497,000. LSV Asset Management boosted its stake in HBT Financial by 1,082.5% during the second quarter. LSV Asset Management now owns 113,808 shares of the company’s stock worth $2,324,000 after buying an additional 104,184 shares during the last quarter. Vanguard Group Inc. boosted its stake in HBT Financial by 0.8% during the first quarter. Vanguard Group Inc. now owns 626,575 shares of the company’s stock worth $11,930,000 after buying an additional 5,183 shares during the last quarter. Acadian Asset Management LLC boosted its stake in HBT Financial by 19.0% during the second quarter. Acadian Asset Management LLC now owns 95,606 shares of the company’s stock worth $1,949,000 after buying an additional 15,242 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in HBT Financial by 5.1% during the second quarter. American Century Companies Inc. now owns 119,698 shares of the company’s stock worth $2,444,000 after buying an additional 5,859 shares during the last quarter. 78.55% of the stock is currently owned by hedge funds and other institutional investors.

HBT Financial Company Profile

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.