HBT Financial (HBT) Projected to Post Quarterly Earnings on Wednesday

HBT Financial (NASDAQ:HBT) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.58 per share and revenue of $57,490.00 billion for the quarter.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings results on Monday, October 21st. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. HBT Financial had a net margin of 24.68% and a return on equity of 14.70%. The company had revenue of $56.44 million for the quarter, compared to analyst estimates of $57.05 million. On average, analysts expect HBT Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

HBT Financial Price Performance

NASDAQ:HBT opened at $22.25 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. HBT Financial has a 52 week low of $17.75 and a 52 week high of $25.35. The stock’s 50-day moving average price is $22.99 and its 200-day moving average price is $22.30. The stock has a market capitalization of $702.21 million, a PE ratio of 10.11 and a beta of 0.88.

HBT Financial announced that its Board of Directors has initiated a stock repurchase program on Wednesday, December 18th that allows the company to buyback $15.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

HBT Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were paid a $0.19 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.76 dividend on an annualized basis and a yield of 3.42%. HBT Financial’s dividend payout ratio is currently 34.55%.

Insider Buying and Selling

In other news, Chairman Fred L. Drake sold 2,500 shares of HBT Financial stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $24.11, for a total value of $60,275.00. Following the sale, the chairman now owns 71,170 shares of the company’s stock, valued at $1,715,908.70. The trade was a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 14,498 shares of company stock valued at $351,985 over the last quarter. 59.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. DA Davidson cut HBT Financial from a “buy” rating to a “neutral” rating and cut their price target for the company from $26.00 to $24.00 in a report on Wednesday, September 25th. Keefe, Bruyette & Woods lifted their target price on shares of HBT Financial from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler dropped their price target on shares of HBT Financial from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $24.40.

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.