Brokers Set Expectations for HBT Financial Q4 Earnings

HBT Financial, Inc. (NASDAQ:HBT) – Stock analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for HBT Financial in a note issued to investors on Tuesday, October 22nd. DA Davidson analyst J. Rulis forecasts that the company will post earnings of $0.59 per share for the quarter. DA Davidson has a “Neutral” rating and a $24.00 price target on the stock. The consensus estimate for HBT Financial’s current full-year earnings is $2.28 per share.

A number of other brokerages also recently weighed in on HBT. Piper Sandler reduced their target price on HBT Financial from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on HBT Financial from $21.00 to $24.00 and gave the company an “underweight” rating in a research note on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $27.00 target price (up previously from $25.00) on shares of HBT Financial in a research note 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’s stock. According to MarketBeat, HBT Financial presently has an average rating of “Hold” and an average target price of $24.40.

HBT Financial Stock Performance

Shares of NASDAQ:HBT opened at $21.56 on Wednesday. HBT Financial has a 1 year low of $17.74 and a 1 year high of $24.85. The stock has a market capitalization of $681.10 million, a price-to-earnings ratio of 9.54 and a beta of 0.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50 day simple moving average is $21.97 and its 200 day simple moving average is $20.69.

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 analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $72.43 million during the quarter, compared to the consensus estimate of $56.82 million. HBT Financial had a net margin of 25.61% and a return on equity of 15.53%. During the same quarter in the prior year, the firm posted $0.58 EPS.

Hedge Funds Weigh In On HBT Financial

A number of institutional investors and hedge funds have recently bought and sold shares of HBT. Vanguard Group Inc. grew its holdings in HBT Financial by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 626,575 shares of the company’s stock worth $11,930,000 after acquiring an additional 5,183 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of HBT Financial by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 406,456 shares of the company’s stock worth $8,298,000 after purchasing an additional 26,135 shares during the last quarter. Cetera Advisors LLC bought a new stake in shares of HBT Financial in the first quarter worth $6,497,000. American Century Companies Inc. increased its holdings in HBT Financial by 5.1% in the second quarter. American Century Companies Inc. now owns 119,698 shares of the company’s stock valued at $2,444,000 after purchasing an additional 5,859 shares during the period. Finally, LSV Asset Management raised its position in HBT Financial by 1,082.5% during the 2nd quarter. LSV Asset Management now owns 113,808 shares of the company’s stock worth $2,324,000 after purchasing an additional 104,184 shares during the last quarter. Institutional investors and hedge funds own 78.55% of the company’s stock.

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.