HBT Financial (HBT) Projected to Post Earnings on Wednesday

HBT Financial (NASDAQ:HBT) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.58 per share and revenue of $57,490.00 billion for the quarter.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings data on Monday, October 21st. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. HBT Financial had a return on equity of 14.70% and a net margin of 24.68%. The company had revenue of $56.44 million during the quarter, compared to analysts’ expectations of $57.05 million. 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 Stock Performance

Shares of NASDAQ HBT opened at $22.25 on Tuesday. The stock has a market capitalization of $702.21 million, a PE ratio of 10.11 and a beta of 0.88. HBT Financial has a 52 week low of $17.75 and a 52 week high of $25.35. The stock has a 50 day moving average price of $22.99 and a 200 day moving average price of $22.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82.

HBT Financial declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 18th that allows the company to buyback $15.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at HBT Financial

In related news, Chairman Fred L. Drake sold 2,200 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $23.86, for a total transaction of $52,492.00. Following the completion of the transaction, the chairman now directly owns 91,470 shares of the company’s stock, valued at $2,182,474.20. This trade represents a 2.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 14,498 shares of company stock worth $351,985 over the last quarter. Corporate insiders own 59.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HBT shares. DA Davidson cut HBT Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $26.00 to $24.00 in a research report on Wednesday, September 25th. Keefe, Bruyette & Woods boosted their price objective on shares of HBT Financial from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, Piper Sandler lowered their target price on shares of HBT Financial from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.40.

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.