HBT Financial (NASDAQ:HBT) Board of Directors Approves Stock Repurchase Plan

HBT Financial (NASDAQ:HBT) announced that its board has authorized a stock buyback program on Thursday, December 18th, RTT News reports. The company plans to buyback $30.00 million in shares. This buyback authorization permits the company to buy up to 3.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

HBT Financial Stock Down 2.9%

Shares of NASDAQ:HBT opened at $26.79 on Friday. HBT Financial has a 52-week low of $19.46 and a 52-week high of $27.85. The company has a market capitalization of $842.01 million, a PE ratio of 10.80 and a beta of 0.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.81 and a current ratio of 0.81. The company has a fifty day moving average of $24.49 and a 200-day moving average of $25.04.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings data on Monday, October 20th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.03. HBT Financial had a return on equity of 13.81% and a net margin of 26.64%.The company had revenue of $59.84 million for the quarter, compared to the consensus estimate of $60.31 million. During the same quarter last year, the business posted $0.61 EPS. On average, equities analysts predict that HBT Financial will post 2.34 EPS for the current fiscal year.

HBT Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, November 3rd. HBT Financial’s payout ratio is presently 33.87%.

Analyst Upgrades and Downgrades

HBT has been the topic of several recent analyst reports. DA Davidson set a $27.00 target price on shares of HBT Financial in a report on Tuesday, October 21st. Raymond James Financial cut shares of HBT Financial from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of HBT Financial in a research report on Wednesday, October 8th. Finally, Piper Sandler reduced their target price on HBT Financial from $29.00 to $27.50 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.50.

About HBT Financial

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.