HBT Financial (NASDAQ:HBT) Issues Quarterly Earnings Results

Key Points

• Earnings beat: HBT reported $0.68 EPS versus $0.62 expected and revenue of $67.84M (vs. $66.72M), with strong profitability — ROE 13.5% and net margin 26.2%.
• Positive analyst view: The consensus rating is "Buy" with a $29.00 target after recent upgrades (including Raymond James to Outperform and Zacks to Strong-Buy).
• Attractive valuation and heavy institutional ownership: Shares trade near $27.79 with a $1.01B market cap and P/E of 11.39, and about 78.6% of the stock is held by institutions.

HBT Financial (NASDAQ:HBT - Get Free Report) posted its earnings results on Monday. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.06, FiscalAI reports. HBT Financial had a return on equity of 13.50% and a net margin of 26.20%.The firm had revenue of $67.84 million during the quarter, compared to analysts' expectations of $66.72 million.

HBT Financial Stock Performance

NASDAQ HBT opened at $27.79 on Tuesday. The firm has a market capitalization of $1.01 billion, a P/E ratio of 11.39 and a beta of 0.56. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11. The firm's fifty day moving average price is $27.39 and its two-hundred day moving average price is $26.29. HBT Financial has a 1 year low of $22.36 and a 1 year high of $29.88.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HBT shares. Piper Sandler raised their price target on HBT Financial from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Friday, March 13th. Raymond James Financial raised shares of HBT Financial from a "market perform" rating to an "outperform" rating and set a $30.00 target price for the company in a research report on Wednesday, January 7th. Zacks Research raised shares of HBT Financial from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 20th. Finally, Weiss Ratings raised HBT Financial from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $29.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in shares of HBT Financial by 66.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,892 shares of the company's stock valued at $98,000 after purchasing an additional 1,556 shares during the period. Tower Research Capital LLC TRC grew its holdings in HBT Financial by 906.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,249 shares of the company's stock worth $107,000 after purchasing an additional 3,827 shares during the period. Franklin Resources Inc. acquired a new position in HBT Financial during the second quarter worth approximately $208,000. Jane Street Group LLC acquired a new position in HBT Financial during the first quarter worth approximately $286,000. Finally, Qube Research & Technologies Ltd bought a new stake in HBT Financial in the second quarter valued at approximately $297,000. 78.55% of the stock is currently owned by institutional investors and hedge funds.

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.