HBT Financial, Inc. Expected to Post FY2024 Earnings of $2.28 Per Share (NASDAQ:HBT)

HBT Financial, Inc. (NASDAQ:HBT) – Investment analysts at DA Davidson decreased their FY2024 earnings per share (EPS) estimates for HBT Financial in a report released on Thursday, September 26th. DA Davidson analyst J. Rulis now anticipates that the company will post earnings per share of $2.28 for the year, down from their prior forecast of $2.30. DA Davidson currently has a “Neutral” rating and a $24.00 target price on the stock. The consensus estimate for HBT Financial’s current full-year earnings is $2.30 per share. DA Davidson also issued estimates for HBT Financial’s FY2025 earnings at $2.15 EPS.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings data on Monday, July 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. HBT Financial had a return on equity of 15.53% and a net margin of 25.61%. The company had revenue of $72.43 million for the quarter, compared to the consensus estimate of $56.82 million. During the same quarter last year, the business posted $0.58 earnings per share.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. raised their price target on HBT Financial from $21.00 to $24.00 and gave the company an “underweight” rating in a research report on Tuesday, July 23rd. Piper Sandler raised their price target on HBT Financial from $21.50 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $27.00 price objective (up previously from $25.00) on shares of HBT Financial in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, HBT Financial currently has a consensus rating of “Hold” and an average target price of $24.60.

HBT Financial Trading Up 0.6 %

NASDAQ HBT opened at $21.63 on Monday. The stock’s 50-day simple moving average is $22.09 and its two-hundred day simple moving average is $20.34. HBT Financial has a twelve month low of $17.42 and a twelve month high of $24.85. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $683.31 million, a price-to-earnings ratio of 9.57 and a beta of 0.86.

HBT Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.76 annualized dividend and a yield of 3.51%. HBT Financial’s payout ratio is 33.63%.

Insider Buying and Selling at HBT Financial

In other HBT Financial news, Director Patrick F. Busch sold 11,555 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $24.09, for a total transaction of $278,359.95. Following the completion of the sale, the director now directly owns 190,000 shares in the company, valued at approximately $4,577,100. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 59.80% of the company’s stock.

Institutional Investors Weigh In On HBT Financial

A number of hedge funds have recently modified their holdings of HBT. Hsbc Holdings PLC increased its stake in HBT Financial by 3.8% in the 2nd quarter. Hsbc Holdings PLC now owns 14,605 shares of the company’s stock worth $287,000 after buying an additional 541 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of HBT Financial by 0.8% during the first quarter. Vanguard Group Inc. now owns 626,575 shares of the company’s stock valued at $11,930,000 after acquiring an additional 5,183 shares in the last quarter. American Century Companies Inc. increased its holdings in HBT Financial by 5.1% during the second quarter. American Century Companies Inc. now owns 119,698 shares of the company’s stock valued at $2,444,000 after buying an additional 5,859 shares during the period. LSV Asset Management purchased a new position in HBT Financial during the first quarter valued at approximately $183,000. Finally, Renaissance Technologies LLC increased its holdings in HBT Financial by 109.9% during the second quarter. Renaissance Technologies LLC now owns 27,500 shares of the company’s stock valued at $562,000 after buying an additional 14,400 shares during the period. Institutional investors own 78.55% of the company’s stock.

About HBT Financial

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.