HBT Financial (NASDAQ:HBT) Hits New 12-Month High After Earnings Beat

Shares of HBT Financial, Inc. (NASDAQ:HBT - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday following a stronger than expected earnings report. The company traded as high as $26.83 and last traded at $26.53, with a volume of 1253 shares. The stock had previously closed at $26.35.

The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.03. HBT Financial had a return on equity of 14.18% and a net margin of 26.22%. The company had revenue of $58.80 million during the quarter, compared to the consensus estimate of $59.45 million. During the same period last year, the company earned $0.57 earnings per share.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HBT. Raymond James Financial restated an "outperform" rating and set a $30.00 price objective (up from $24.00) on shares of HBT Financial in a research report on Tuesday. Piper Sandler raised their price objective on HBT Financial from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday. Hovde Group upgraded HBT Financial from a "market perform" rating to an "outperform" rating and set a $28.00 target price for the company in a report on Tuesday, May 6th. Keefe, Bruyette & Woods lifted their target price on HBT Financial from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, DA Davidson lifted their target price on HBT Financial from $23.00 to $27.00 and gave the stock a "neutral" rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, HBT Financial currently has an average rating of "Moderate Buy" and an average price target of $28.80.

Institutional Investors Weigh In On HBT Financial

A number of hedge funds have recently added to or reduced their stakes in HBT. Dimensional Fund Advisors LP boosted its position in shares of HBT Financial by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 461,630 shares of the company's stock valued at $10,110,000 after buying an additional 29,200 shares during the last quarter. Royce & Associates LP boosted its position in shares of HBT Financial by 8.2% during the first quarter. Royce & Associates LP now owns 359,922 shares of the company's stock valued at $8,066,000 after buying an additional 27,169 shares during the last quarter. LPL Financial LLC purchased a new position in shares of HBT Financial during the fourth quarter valued at approximately $7,111,000. Adage Capital Partners GP L.L.C. boosted its position in shares of HBT Financial by 12.3% during the first quarter. Adage Capital Partners GP L.L.C. now owns 278,159 shares of the company's stock valued at $6,234,000 after buying an additional 30,467 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of HBT Financial by 42.4% during the first quarter. American Century Companies Inc. now owns 189,727 shares of the company's stock valued at $4,252,000 after buying an additional 56,521 shares during the last quarter. Institutional investors and hedge funds own 78.55% of the company's stock.

HBT Financial Stock Performance

The company has a market cap of $802.62 million, a PE ratio of 10.49 and a beta of 0.58. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $24.90 and a 200-day moving average of $23.84.

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.