HBT Financial (NASDAQ:HBT) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

HBT Financial (NASDAQ:HBT) posted its quarterly earnings results on Monday. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04, RTT News reports. HBT Financial had a net margin of 24.99% and a return on equity of 14.57%. The firm had revenue of $63.14 million during the quarter, compared to the consensus estimate of $57.57 million. During the same period in the previous year, the firm posted $0.57 earnings per share.

HBT Financial Price Performance

Shares of HBT Financial stock opened at $23.24 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20. HBT Financial has a 12 month low of $18.16 and a 12 month high of $26.25. The stock has a 50 day moving average of $23.10 and a 200 day moving average of $23.02. The firm has a market cap of $735.10 million, a PE ratio of 10.28 and a beta of 0.62.

Analyst Upgrades and Downgrades

HBT has been the subject of several research reports. Piper Sandler cut their price target on HBT Financial from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Hovde Group began coverage on HBT Financial in a report on Thursday, March 27th. They issued a “market perform” rating and a $24.50 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.75.

Insider Buying and Selling

In related news, Director Patrick F. Busch sold 8,000 shares of HBT Financial stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $24.77, for a total value of $198,160.00. Following the completion of the transaction, the director now owns 182,000 shares in the company, valued at approximately $4,508,140. This trade represents a 4.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Fred L. Drake sold 5,055 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $24.81, for a total value of $125,414.55. Following the sale, the chairman now owns 53,615 shares in the company, valued at approximately $1,330,188.15. This trade represents a 8.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,900 shares of company stock worth $969,500. Insiders own 59.80% of the company’s stock.

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.