HBT Financial (NASDAQ:HBT) Releases Quarterly Earnings Results

Key Points

• HBT Financial exceeded quarterly expectations: The company reported earnings of $0.86 per share, beating the $0.79 consensus estimate, while revenue of $84.21 million topped expectations of $82.87 million.
• Shares opened at $36.24, near their 52-week high of $37.51, with a $1.32 billion market capitalization and a P/E ratio of 15.55.
• Analyst sentiment remains positive: HBT carries an average “Buy” rating and a $37.40 consensus price target, with some analysts raising targets as high as $44.00.

HBT Financial (NASDAQ:HBT - Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07, FiscalAI reports. HBT Financial had a net margin of 23.44% and a return on equity of 13.46%. The business had revenue of $84.21 million during the quarter, compared to the consensus estimate of $82.87 million.

HBT Financial Price Performance

Shares of HBT Financial stock opened at $36.24 on Monday. HBT Financial has a 52-week low of $22.37 and a 52-week high of $37.51. The company has a 50 day moving average of $35.87 and a 200 day moving average of $32.56. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.32 billion, a P/E ratio of 15.55 and a beta of 0.49.

Wall Street Analyst Weigh In

HBT has been the topic of several analyst reports. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $41.00 price objective (up from $38.00) on shares of HBT Financial in a research note on Thursday, August 13th. Wall Street Zen lowered HBT Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Hovde Group boosted their target price on HBT Financial from $40.00 to $44.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. Zacks Research upgraded HBT Financial from a "hold" rating to a "strong-buy" rating in a report on Monday, September 28th. Finally, DA Davidson upped 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. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, HBT Financial has an average rating of "Buy" and an average price target of $37.40.

About HBT Financial

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.

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