HBT Financial (NASDAQ:HBT) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS

HBT Financial (NASDAQ:HBT) posted its earnings results on Monday. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07, FiscalAI reports. HBT Financial had a return on equity of 13.46% and a net margin of 23.44%. The firm had revenue of $84.21 million for the quarter, compared to analyst estimates of $82.87 million.

HBT Financial Price Performance

Shares of NASDAQ:HBT opened at $36.24 on Monday. The company has a market capitalization of $1.32 billion, a PE ratio of 15.55 and a beta of 0.49. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.20. HBT Financial has a twelve month low of $22.37 and a twelve month high of $37.51. The firm has a 50 day simple moving average of $35.87 and a 200-day simple moving average of $32.56.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. DA Davidson lifted their price target on HBT Financial from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $41.00 price objective (up from $38.00) on shares of HBT Financial in a research report on Thursday, August 13th. Weiss Ratings upgraded HBT Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. Wall Street Zen downgraded HBT Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Zacks Research raised HBT Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $37.40.

HBT Financial Company Profile

HBT Financial, Inc is a bank holding company headquartered in Bloomington, Illinois. Its principal subsidiary, Heartland Bank and Trust Company, operates as a community bank serving individuals, businesses, agricultural customers and institutions.

Heartland Bank provides a range of traditional banking products, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer loans, commercial lending and agricultural financing. The bank also offers treasury management, online and mobile banking, wealth management, trust and investment services, and other financial solutions.

Through its branch network and digital channels, HBT Financial serves communities primarily across central and eastern Illinois and parts of eastern Iowa.