HBT Financial (NASDAQ:HBT) Issues Earnings Results

Key Points

• HBT Financial reported earnings of $0.65 per share for the quarter, surpassing analysts' expectations by $0.03, while revenue fell short of estimates at $59.84 million.
• The company's stock price increased by 4.2% on the day of the earnings release, reaching $24.58, with a market cap of $774.27 million.
• HBT Financial announced a quarterly dividend of $0.21, translating to an annual yield of 3.4%, and the company has a current dividend payout ratio of 34.71%.

HBT Financial (NASDAQ:HBT - Get Free Report) released its earnings results on Monday. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.03, Zacks reports. The firm had revenue of $59.84 million during the quarter, compared to the consensus estimate of $60.31 million. HBT Financial had a return on equity of 13.98% and a net margin of 26.22%.During the same period in the prior year, the firm posted $0.61 earnings per share.

HBT Financial Stock Up 4.2%

NASDAQ:HBT traded up $0.98 during trading hours on Monday, reaching $24.58. The company's stock had a trading volume of 50,656 shares, compared to its average volume of 33,806. The company has a market cap of $774.27 million, a price-to-earnings ratio of 10.16 and a beta of 0.63. HBT Financial has a one year low of $19.46 and a one year high of $27.02. The business's 50-day moving average is $25.39 and its 200-day moving average is $24.59. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.82 and a quick ratio of 0.82.

HBT Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were issued a $0.21 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. HBT Financial's dividend payout ratio is currently 34.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HBT shares. Raymond James Financial downgraded HBT Financial from an "outperform" rating to a "market perform" rating in a research report on Tuesday, October 7th. DA Davidson upped their price target on HBT Financial from $23.00 to $27.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Keefe, Bruyette & Woods upped their price target on HBT Financial from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Piper Sandler upped their price target on HBT Financial from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of HBT Financial in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $28.80.

Institutional Investors Weigh In On HBT Financial

A number of large investors have recently bought and sold shares of HBT. Ameriprise Financial Inc. lifted its stake in shares of HBT Financial by 86.0% in the second quarter. Ameriprise Financial Inc. now owns 43,474 shares of the company's stock valued at $1,096,000 after buying an additional 20,100 shares during the period. Corient Private Wealth LLC increased its holdings in shares of HBT Financial by 19.4% during the second quarter. Corient Private Wealth LLC now owns 32,045 shares of the company's stock worth $808,000 after buying an additional 5,210 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of HBT Financial by 6.0% during the second quarter. First Trust Advisors LP now owns 20,301 shares of the company's stock worth $512,000 after buying an additional 1,155 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of HBT Financial by 17.4% during the first quarter. AQR Capital Management LLC now owns 15,554 shares of the company's stock valued at $349,000 after purchasing an additional 2,307 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of HBT Financial during the first quarter valued at approximately $286,000. 78.55% of the stock is currently owned by institutional investors.

HBT Financial Company Profile

HBT Financial, Inc operates as the bank holding company for Heartland Bank and Trust Company that provides business, commercial, and retail banking products and services to individuals, businesses, and municipal entities in Central and Northeastern Illinois, and Eastern Iowa. The company's deposits accounts consist of noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, certificates of deposits, health savings accounts, and individual retirement accounts.

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