HBT Financial (NASDAQ:HBT) Announces Quarterly Earnings Results, Meets Estimates

HBT Financial (NASDAQ:HBT) issued its quarterly earnings results on Monday. The company reported $0.64 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.64, FiscalAI reports. The business had revenue of $61.46 million during the quarter, compared to analyst estimates of $61.00 million. HBT Financial had a return on equity of 13.69% and a net margin of 26.20%.

HBT Financial Trading Up 0.6%

HBT stock opened at $26.93 on Wednesday. The firm has a fifty day moving average price of $25.91 and a 200 day moving average price of $25.34. HBT Financial has a fifty-two week low of $19.46 and a fifty-two week high of $29.33. The firm has a market cap of $846.41 million, a PE ratio of 11.04 and a beta of 0.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.81 and a current ratio of 0.81.

Institutional Trading of HBT Financial

Large investors have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new position in HBT Financial in the third quarter worth about $725,000. Qube Research & Technologies Ltd lifted its stake in shares of HBT Financial by 184.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 33,553 shares of the company’s stock valued at $846,000 after purchasing an additional 21,775 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of HBT Financial by 161.2% in the 3rd quarter. Millennium Management LLC now owns 33,615 shares of the company’s stock worth $847,000 after purchasing an additional 20,748 shares during the period. Ameriprise Financial Inc. increased its position in shares of HBT Financial by 86.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 43,474 shares of the company’s stock valued at $1,096,000 after purchasing an additional 20,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in HBT Financial by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 523,761 shares of the company’s stock valued at $13,198,000 after buying an additional 12,846 shares during the period. 78.55% of the stock is currently owned by institutional investors.

HBT Financial declared that its board has approved a share repurchase plan on Thursday, December 18th that permits the company to buyback $30.00 million in shares. This buyback authorization permits the company to purchase up to 3.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HBT shares. Piper Sandler dropped their price objective on HBT Financial from $29.00 to $27.50 and set a “neutral” rating for the company in a research note on Tuesday, October 21st. Weiss Ratings reissued a “buy (b)” rating on shares of HBT Financial in a report on Thursday, January 22nd. Raymond James Financial raised shares of HBT Financial from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Wednesday, January 7th. Finally, DA Davidson set a $27.00 price objective on shares of HBT Financial in a research report on Tuesday, October 21st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.50.

HBT Financial Company Profile

HBT Financial, Inc is the bank holding company for HomeTrust Bank, a community-focused financial institution based in Lenoir, North Carolina. Through its subsidiary, HomeTrust Bank, the company provides a full suite of personal and business banking services across western North Carolina, eastern Tennessee and Upstate South Carolina. The company’s operations include a network of branch offices, ATMs and online banking platforms designed to serve both urban and rural communities in its primary market areas.

HomeTrust Bank’s product offerings encompass traditional deposit accounts such as checking, savings and money market accounts, as well as certificates of deposit.