HBT Financial (NASDAQ:HBT) Releases Earnings Results, Beats Expectations By $0.01 EPS

HBT Financial (NASDAQ:HBT) released its earnings results on Monday. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01, Yahoo Finance reports. HBT Financial had a return on equity of 15.76% and a net margin of 25.61%. The firm had revenue of $72.43 million for the quarter, compared to analysts’ expectations of $56.82 million. During the same period in the prior year, the firm posted $0.58 earnings per share.

HBT Financial Stock Performance

HBT stock traded down $0.81 during trading on Wednesday, reaching $23.65. The stock had a trading volume of 35,545 shares, compared to its average volume of 26,444. HBT Financial has a 52 week low of $17.42 and a 52 week high of $24.85. The stock’s 50 day moving average is $20.02 and its two-hundred day moving average is $19.49. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The firm has a market cap of $747.13 million, a PE ratio of 10.46 and a beta of 0.87.

Insider Buying and Selling at HBT Financial

In other news, Director Eric E. Burwell bought 6,000 shares of the stock in a transaction on Tuesday, June 11th. The shares were bought at an average price of $18.99 per share, with a total value of $113,940.00. Following the completion of the acquisition, the director now owns 31,820 shares in the company, valued at $604,261.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 59.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HBT shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $27.00 price target (up from $25.00) on shares of HBT Financial in a report on Tuesday. Raymond James raised HBT Financial from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a report on Friday, May 10th. Piper Sandler upped their price target on HBT Financial from $21.50 to $25.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on HBT Financial from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday.

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.