HBT Financial, Inc. to Post Q2 2024 Earnings of $0.56 Per Share, DA Davidson Forecasts (NASDAQ:HBT)

HBT Financial, Inc. (NASDAQ:HBT) – Equities researchers at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for HBT Financial in a research note issued on Tuesday, April 23rd. DA Davidson analyst J. Rulis anticipates that the company will post earnings of $0.56 per share for the quarter. The consensus estimate for HBT Financial’s current full-year earnings is $2.22 per share. DA Davidson also issued estimates for HBT Financial’s FY2024 earnings at $2.25 EPS and FY2025 earnings at $2.25 EPS.

HBT Financial (NASDAQ:HBT) last released its earnings results on Wednesday, January 24th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. HBT Financial had a net margin of 26.29% and a return on equity of 16.41%. The company had revenue of $70.62 million for the quarter, compared to the consensus estimate of $57.78 million. During the same period in the prior year, the company posted $0.62 EPS.

A number of other analysts also recently weighed in on the stock. Piper Sandler increased their price target on shares of HBT Financial from $21.00 to $21.50 and gave the company a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of HBT Financial from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday.

HBT Financial Stock Performance

HBT Financial stock opened at $18.86 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.21. HBT Financial has a 1 year low of $16.33 and a 1 year high of $21.87. The company has a market cap of $596.22 million, a PE ratio of 8.35 and a beta of 0.86. The company’s 50-day moving average is $18.93 and its two-hundred day moving average is $19.33.

Institutional Investors Weigh In On HBT Financial

Several hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its holdings in HBT Financial by 70.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock valued at $54,000 after purchasing an additional 1,062 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of HBT Financial by 40.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock worth $1,420,000 after buying an additional 19,440 shares in the last quarter. Meredith Wealth Planning acquired a new stake in shares of HBT Financial during the fourth quarter worth $203,000. Assenagon Asset Management S.A. acquired a new stake in shares of HBT Financial during the fourth quarter worth $1,010,000. Finally, SG Americas Securities LLC lifted its holdings in shares of HBT Financial by 36.6% during the fourth quarter. SG Americas Securities LLC now owns 9,029 shares of the company’s stock worth $191,000 after buying an additional 2,418 shares in the last quarter. Institutional investors and hedge funds own 78.55% of the company’s stock.

Insider Transactions at HBT Financial

In other HBT Financial news, Director Roger A. Baker purchased 1,888 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was bought at an average cost of $18.68 per share, with a total value of $35,267.84. Following the purchase, the director now directly owns 555,980 shares of the company’s stock, valued at $10,385,706.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Roger A. Baker bought 1,888 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired at an average cost of $18.68 per share, with a total value of $35,267.84. Following the completion of the purchase, the director now owns 555,980 shares of the company’s stock, valued at $10,385,706.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Roger A. Baker bought 3,632 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average cost of $18.86 per share, with a total value of $68,499.52. Following the completion of the purchase, the director now directly owns 559,804 shares of the company’s stock, valued at approximately $10,557,903.44. The disclosure for this purchase can be found here. Insiders acquired 5,820 shares of company stock valued at $109,417 in the last ninety days. 58.60% of the stock is currently owned by corporate insiders.

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.