HBT Financial (NASDAQ:HBT) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

HBT Financial (NASDAQ:HBT - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03, RTT News reports. HBT Financial had a net margin of 25.88% and a return on equity of 14.13%. The firm had revenue of $58.80 million for the quarter, compared to analysts' expectations of $59.45 million. During the same quarter in the prior year, the business earned $0.57 EPS.

HBT Financial Trading Up 4.1%

Shares of NASDAQ HBT traded up $1.04 on Monday, reaching $26.35. 31,700 shares of the company traded hands, compared to its average volume of 33,811. The stock has a market capitalization of $830.03 million, a PE ratio of 11.07 and a beta of 0.58. HBT Financial has a fifty-two week low of $19.46 and a fifty-two week high of $26.71. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $24.74 and a 200 day moving average of $23.74.

HBT Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Tuesday, May 6th. HBT Financial's dividend payout ratio is presently 35.29%.

Institutional Investors Weigh In On HBT Financial

A hedge fund recently bought a new stake in HBT Financial stock. Jane Street Group LLC purchased a new stake in shares of HBT Financial, Inc. (NASDAQ:HBT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,765 shares of the company's stock, valued at approximately $286,000. Hedge funds and other institutional investors own 78.55% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Hovde Group raised shares of HBT Financial from a "market perform" rating to an "outperform" rating and set a $28.00 target price for the company in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $25.80.

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.