HBT Financial (NASDAQ:HBT) Announces Earnings Results

HBT Financial (NASDAQ:HBT) released its quarterly earnings data on Wednesday. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04, Zacks reports. HBT Financial had a net margin of 24.68% and a return on equity of 14.70%.

HBT Financial Price Performance

Shares of HBT stock opened at $22.37 on Thursday. HBT Financial has a 12 month low of $17.75 and a 12 month high of $25.35. The company has a market capitalization of $706.00 million, a P/E ratio of 10.17 and a beta of 0.88. The stock has a 50 day moving average of $22.85 and a two-hundred day moving average of $22.35. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20.

HBT Financial declared that its board has approved a stock repurchase plan on Wednesday, December 18th that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at HBT Financial

In related news, Chairman Fred L. Drake sold 2,200 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $23.86, for a total value of $52,492.00. Following the sale, the chairman now owns 91,470 shares of the company’s stock, valued at $2,182,474.20. The trade was a 2.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 14,498 shares of company stock worth $351,985. 59.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HBT shares. Piper Sandler cut their target price on shares of HBT Financial from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted their price target on HBT Financial from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, DA Davidson downgraded shares of HBT Financial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $26.00 to $24.00 in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.40.

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.