HBT Financial (HBT) Scheduled to Post Quarterly Earnings on Monday

HBT Financial (NASDAQ:HBT) will issue its quarterly earnings data before the market opens on Monday, April 22nd. Analysts expect the company to announce earnings of $0.57 per share for the quarter.

HBT Financial (NASDAQ:HBT) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. HBT Financial had a return on equity of 16.93% and a net margin of 24.84%. The business had revenue of $70.62 million during the quarter, compared to analyst estimates of $57.78 million. During the same period in the previous year, the firm earned $0.62 EPS. 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

Shares of HBT opened at $18.52 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.79 and a current ratio of 0.80. The stock has a 50 day simple moving average of $18.98 and a 200 day simple moving average of $19.31. HBT Financial has a 52-week low of $16.33 and a 52-week high of $21.87. The firm has a market capitalization of $585.97 million, a PE ratio of 8.90 and a beta of 0.86.

HBT Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were given a $0.19 dividend. The ex-dividend date was Monday, February 5th. This is a positive change from HBT Financial’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 4.10%. HBT Financial’s payout ratio is currently 36.54%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price objective on HBT Financial from $21.50 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, April 4th.

Insider Buying and Selling at HBT Financial

In related news, Director Roger A. Baker acquired 3,632 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were bought at an average price of $18.86 per share, for a total transaction of $68,499.52. Following the purchase, the director now directly owns 559,804 shares in the company, valued at approximately $10,557,903.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Roger A. Baker acquired 3,632 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were bought at an average price of $18.86 per share, for a total transaction of $68,499.52. Following the purchase, the director now directly owns 559,804 shares in the company, valued at approximately $10,557,903.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Roger A. Baker purchased 1,888 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired at an average price of $18.68 per share, for a total transaction of $35,267.84. Following the purchase, the director now owns 555,980 shares in the company, valued at approximately $10,385,706.40. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 5,820 shares of company stock worth $109,417. Corporate insiders own 58.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HBT. Bank of New York Mellon Corp grew its holdings in shares of HBT Financial by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 160,397 shares of the company’s stock worth $2,916,000 after purchasing an additional 3,572 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in HBT Financial by 5.8% in the first quarter. Panagora Asset Management Inc. now owns 37,959 shares of the company’s stock valued at $690,000 after buying an additional 2,067 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in HBT Financial by 21.1% in the first quarter. Dimensional Fund Advisors LP now owns 111,738 shares of the company’s stock valued at $2,031,000 after buying an additional 19,454 shares in the last quarter. Renaissance Technologies LLC boosted its stake in HBT Financial by 15.0% in the first quarter. Renaissance Technologies LLC now owns 38,500 shares of the company’s stock valued at $700,000 after buying an additional 5,010 shares in the last quarter. Finally, State Street Corp boosted its stake in HBT Financial by 4.9% in the first quarter. State Street Corp now owns 164,009 shares of the company’s stock valued at $2,982,000 after buying an additional 7,639 shares in the last quarter. 78.55% of the stock is owned by institutional investors and hedge funds.

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.