HBT Financial, Inc. (NASDAQ:HBT) to Post FY2024 Earnings of $2.28 Per Share, DA Davidson Forecasts

HBT Financial, Inc. (NASDAQ:HBT) – Analysts at DA Davidson reduced their FY2024 earnings per share estimates for shares of HBT Financial in a research report issued to clients and investors on Thursday, September 26th. DA Davidson analyst J. Rulis now expects that the company will earn $2.28 per share for the year, down from their prior estimate of $2.30. DA Davidson currently has a “Neutral” rating and a $24.00 price objective on the stock. The consensus estimate for HBT Financial’s current full-year earnings is $2.30 per share. DA Davidson also issued estimates for HBT Financial’s FY2025 earnings at $2.15 EPS.

HBT has been the topic of a number of other reports. Piper Sandler upped their target price on HBT Financial from $21.50 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods restated an “outperform” rating and set a $27.00 price objective (up previously from $25.00) on shares of HBT Financial in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of HBT Financial from $21.00 to $24.00 and gave the company an “underweight” rating in a research note on Tuesday, July 23rd. One equities 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $24.60.

HBT Financial Stock Down 2.7 %

HBT stock opened at $21.30 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. HBT Financial has a fifty-two week low of $17.42 and a fifty-two week high of $24.85. The stock’s 50 day simple moving average is $21.99 and its 200 day simple moving average is $20.38. The company has a market cap of $672.89 million, a P/E ratio of 9.42 and a beta of 0.86.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings data on Monday, July 22nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. The firm had revenue of $72.43 million for the quarter, compared to analyst estimates of $56.82 million. HBT Financial had a net margin of 25.61% and a return on equity of 15.53%. During the same quarter in the prior year, the business earned $0.58 earnings per share.

HBT Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Tuesday, August 6th. HBT Financial’s payout ratio is currently 33.63%.

Insider Buying and Selling at HBT Financial

In other HBT Financial news, Director Patrick F. Busch sold 11,555 shares of HBT Financial stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $24.09, for a total value of $278,359.95. Following the sale, the director now owns 190,000 shares of the company’s stock, valued at $4,577,100. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 59.80% of the company’s stock.

Institutional Trading of HBT Financial

A number of large investors have recently bought and sold shares of the company. Hsbc Holdings PLC grew its stake in shares of HBT Financial by 3.8% during the 2nd quarter. Hsbc Holdings PLC now owns 14,605 shares of the company’s stock worth $287,000 after acquiring an additional 541 shares during the period. Renaissance Technologies LLC boosted its position in HBT Financial by 109.9% during the second quarter. Renaissance Technologies LLC now owns 27,500 shares of the company’s stock worth $562,000 after purchasing an additional 14,400 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of HBT Financial by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 406,456 shares of the company’s stock worth $8,298,000 after purchasing an additional 26,135 shares in the last quarter. American Century Companies Inc. raised its position in shares of HBT Financial by 5.1% in the second quarter. American Century Companies Inc. now owns 119,698 shares of the company’s stock valued at $2,444,000 after purchasing an additional 5,859 shares during the period. Finally, LSV Asset Management raised its position in shares of HBT Financial by 1,082.5% in the second quarter. LSV Asset Management now owns 113,808 shares of the company’s stock valued at $2,324,000 after purchasing an additional 104,184 shares during the period. 78.55% of the stock is owned by hedge funds and other institutional investors.

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.