HBT Financial (NASDAQ:HBT) Posts Earnings Results, Beats Expectations By $0.06 EPS

HBT Financial (NASDAQ:HBT) issued its quarterly earnings results on Monday. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06, FiscalAI reports. HBT Financial had a net margin of 26.20% and a return on equity of 13.50%. The company had revenue of $67.84 million during the quarter, compared to the consensus estimate of $66.73 million.

HBT Financial Price Performance

HBT Financial stock opened at $27.79 on Tuesday. The stock’s 50 day moving average is $27.39 and its 200 day moving average is $26.29. HBT Financial has a one year low of $22.36 and a one year high of $29.88. The firm has a market cap of $1.01 billion, a P/E ratio of 11.39 and a beta of 0.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82.

Institutional Trading of HBT Financial

Several institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of HBT Financial by 3.2% in the 4th quarter. Barclays PLC now owns 56,317 shares of the company’s stock worth $1,456,000 after purchasing an additional 1,732 shares during the period. Ameriprise Financial Inc. increased its position in shares of HBT Financial by 86.0% during the second quarter. Ameriprise Financial Inc. now owns 43,474 shares of the company’s stock worth $1,096,000 after buying an additional 20,100 shares during the period. Millennium Management LLC increased its position in shares of HBT Financial by 161.2% during the third quarter. Millennium Management LLC now owns 33,615 shares of the company’s stock worth $847,000 after buying an additional 20,748 shares during the period. Qube Research & Technologies Ltd increased its position in shares of HBT Financial by 184.9% during the third quarter. Qube Research & Technologies Ltd now owns 33,553 shares of the company’s stock worth $846,000 after buying an additional 21,775 shares during the period. Finally, Corient Private Wealth LLC increased its position in shares of HBT Financial by 19.4% during the second quarter. Corient Private Wealth LLC now owns 32,045 shares of the company’s stock worth $808,000 after buying an additional 5,210 shares during the period. 78.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on HBT shares. Zacks Research raised shares of HBT Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Piper Sandler upped their price target on shares of HBT Financial from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, March 13th. Raymond James Financial raised shares of HBT Financial from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Wednesday, January 7th. Finally, Weiss Ratings upgraded shares of HBT Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, HBT Financial currently has a consensus rating of “Buy” and a consensus target price of $29.00.

HBT Financial Company Profile

HBT Financial, Inc is the bank holding company for HomeTrust Bank, a community-focused financial institution based in Lenoir, North Carolina. Through its subsidiary, HomeTrust Bank, the company provides a full suite of personal and business banking services across western North Carolina, eastern Tennessee and Upstate South Carolina. The company’s operations include a network of branch offices, ATMs and online banking platforms designed to serve both urban and rural communities in its primary market areas.

HomeTrust Bank’s product offerings encompass traditional deposit accounts such as checking, savings and money market accounts, as well as certificates of deposit.