HBT Financial (NASDAQ:HBT) Reaches New 1-Year High After Earnings Beat

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

The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $58.80 million during the quarter, compared to analysts' expectations of $59.45 million. HBT Financial had a return on equity of 14.13% and a net margin of 25.88%. During the same period in the previous year, the firm posted $0.57 earnings per share.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Hovde Group upgraded HBT Financial from a "market perform" rating to an "outperform" rating and set a $28.00 target price on the stock in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods upped their target price on HBT Financial from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, HBT Financial has a consensus rating of "Hold" and an average target price of $26.40.

Institutional Trading of HBT Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new position in HBT Financial in the 4th quarter valued at about $57,000. Wells Fargo & Company MN boosted its position in HBT Financial by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 7,522 shares of the company's stock valued at $165,000 after buying an additional 1,638 shares during the last quarter. Sei Investments Co. purchased a new position in HBT Financial in the 4th quarter valued at about $242,000. Hennion & Walsh Asset Management Inc. purchased a new position in HBT Financial in the 1st quarter valued at about $264,000. Finally, Jane Street Group LLC purchased a new position in HBT Financial in the 1st quarter valued at about $286,000. 78.55% of the stock is currently owned by institutional investors and hedge funds.

HBT Financial Stock Up 1.0%

The company has a debt-to-equity ratio of 0.18, a current ratio of 0.83 and a quick ratio of 0.83. The firm's 50-day moving average price is $24.74 and its 200 day moving average price is $23.74. The firm has a market cap of $838.69 million, a P/E ratio of 11.19 and a beta of 0.58.

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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