HBT Financial (NASDAQ:HBT) Issues Earnings Results

HBT Financial (NASDAQ:HBT) issued its earnings results on Monday. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07, FiscalAI reports. The company had revenue of $84.21 million during the quarter, compared to analysts’ expectations of $82.87 million. HBT Financial had a return on equity of 13.46% and a net margin of 23.44%.

HBT Financial Price Performance

HBT stock opened at $36.24 on Monday. The business’s fifty day moving average price is $35.87 and its 200 day moving average price is $32.56. HBT Financial has a 12-month low of $22.37 and a 12-month high of $37.51. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.32 billion, a PE ratio of 15.55 and a beta of 0.49.

Analysts Set New Price Targets

HBT has been the topic of a number of recent analyst reports. Zacks Research raised shares of HBT Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 28th. Wall Street Zen lowered shares of HBT Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Hovde Group upped their price objective on shares of HBT Financial from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $41.00 price objective (up from $38.00) on shares of HBT Financial in a research report on Thursday, August 13th. Finally, DA Davidson lifted their target price on shares of HBT Financial from $36.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $37.40.

About HBT Financial

HBT Financial, Inc is a bank holding company headquartered in Bloomington, Illinois. Its principal subsidiary, Heartland Bank and Trust Company, operates as a community bank serving individuals, businesses, agricultural customers and institutions.

Heartland Bank provides a range of traditional banking products, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer loans, commercial lending and agricultural financing. The bank also offers treasury management, online and mobile banking, wealth management, trust and investment services, and other financial solutions.

Through its branch network and digital channels, HBT Financial serves communities primarily across central and eastern Illinois and parts of eastern Iowa.