HBT Financial (NASDAQ:HBT) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

HBT Financial (NASDAQ:HBT) announced its earnings results on Monday. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05, FiscalAI reports. HBT Financial had a net margin of 22.72% and a return on equity of 13.06%. The firm had revenue of $80.90 million during the quarter, compared to analyst estimates of $80.36 million.

HBT Financial Stock Performance

Shares of HBT opened at $33.29 on Monday. The firm has a 50-day moving average of $30.60 and a 200-day moving average of $28.61. HBT Financial has a one year low of $22.36 and a one year high of $33.69. The company has a market cap of $1.21 billion, a PE ratio of 15.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.85 and a quick ratio of 0.85.

HBT Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th were paid a $0.23 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.92 dividend on an annualized basis and a yield of 2.8%. HBT Financial’s dividend payout ratio (DPR) is currently 42.20%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings cut shares of HBT Financial from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. DA Davidson boosted their price target on shares of HBT Financial from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Wall Street Zen upgraded shares of HBT Financial from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Zacks Research cut HBT Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, Piper Sandler lifted their target price on HBT Financial from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $31.67.

Insider Buying and Selling at HBT Financial

In other news, Chairman Fred L. Drake sold 15,742 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $28.93, for a total value of $455,416.06. Following the sale, the chairman directly owned 45,815 shares of the company’s stock, valued at approximately $1,325,427.95. This represents a 25.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 51.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HBT Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of HBT. AQR Capital Management LLC increased its position in HBT Financial by 17.4% during the first quarter. AQR Capital Management LLC now owns 15,554 shares of the company’s stock worth $349,000 after buying an additional 2,307 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of HBT Financial in the first quarter valued at approximately $286,000. Franklin Resources Inc. bought a new position in shares of HBT Financial during the 2nd quarter worth approximately $208,000. First Trust Advisors LP increased its holdings in shares of HBT Financial by 6.0% during the 2nd quarter. First Trust Advisors LP now owns 20,301 shares of the company’s stock worth $512,000 after acquiring an additional 1,155 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of HBT Financial during the 2nd quarter worth approximately $297,000. Institutional investors own 78.55% of the company’s stock.

About HBT Financial

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.