HBT Financial (NASDAQ:HBT) Announces Earnings Results, Beats Estimates By $0.04 EPS

HBT Financial (NASDAQ:HBT) announced its quarterly earnings data on Monday. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04, RTT News reports. The company had revenue of $63.14 million for the quarter, compared to the consensus estimate of $57.57 million. HBT Financial had a return on equity of 14.57% and a net margin of 24.99%. During the same quarter in the prior year, the company posted $0.57 EPS.

HBT Financial Price Performance

Shares of NASDAQ HBT opened at $23.24 on Wednesday. HBT Financial has a fifty-two week low of $18.16 and a fifty-two week high of $26.25. The company has a market cap of $735.10 million, a PE ratio of 10.28 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82. The business has a 50-day simple moving average of $23.10 and a two-hundred day simple moving average of $23.02.

Analyst Ratings Changes

HBT has been the topic of several research reports. Piper Sandler cut their price objective on shares of HBT Financial from $27.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Hovde Group initiated coverage on HBT Financial in a research note on Thursday, March 27th. They set a “market perform” rating and a $24.50 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $24.75.

Insider Activity

In other HBT Financial news, Director Patrick F. Busch sold 8,000 shares of HBT Financial stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $24.77, for a total transaction of $198,160.00. Following the completion of the sale, the director now owns 182,000 shares of the company’s stock, valued at approximately $4,508,140. The trade was a 4.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Fred L. Drake sold 5,055 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $24.81, for a total value of $125,414.55. Following the completion of the transaction, the chairman now directly owns 53,615 shares in the company, valued at $1,330,188.15. This represents a 8.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,900 shares of company stock worth $969,500 over the last 90 days. 59.80% of the stock is currently owned by corporate insiders.

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.