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

HBT Financial (NASDAQ:HBT) announced its quarterly earnings results on Wednesday. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04, Zacks reports. HBT Financial had a net margin of 24.68% and a return on equity of 14.70%.

HBT Financial Stock Down 0.0 %

HBT opened at $22.37 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $706.00 million, a P/E ratio of 10.17 and a beta of 0.88. The stock has a fifty day moving average of $22.85 and a 200-day moving average of $22.35. HBT Financial has a fifty-two week low of $17.75 and a fifty-two week high of $25.35.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HBT. Piper Sandler dropped their price target on HBT Financial from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. DA Davidson cut shares of HBT Financial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $26.00 to $24.00 in a research report on Wednesday, September 25th. Finally, Keefe, Bruyette & Woods boosted their price target on HBT Financial from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, HBT Financial presently has an average rating of “Hold” and a consensus target price of $24.40.

Insider Activity

In other news, Chairman Fred L. Drake sold 2,200 shares of HBT Financial stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $23.86, for a total transaction of $52,492.00. Following the transaction, the chairman now owns 91,470 shares in the company, valued at approximately $2,182,474.20. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 14,498 shares of company stock worth $351,985. 59.80% of the stock is currently owned by corporate insiders.

HBT Financial declared that its board has authorized a stock repurchase program on Wednesday, December 18th that permits the company to buyback $15.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

HBT Financial Company Profile

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.