HBT Financial, Inc. (NASDAQ:HBT) Expected to Announce Quarterly Sales of $41.21 Million

Equities analysts forecast that HBT Financial, Inc. (NASDAQ:HBTGet Rating) will post sales of $41.21 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for HBT Financial’s earnings, with the highest sales estimate coming in at $41.83 million and the lowest estimate coming in at $40.80 million. HBT Financial reported sales of $38.47 million during the same quarter last year, which indicates a positive year over year growth rate of 7.1%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that HBT Financial will report full-year sales of $167.18 million for the current year, with estimates ranging from $163.60 million to $169.94 million. For the next year, analysts forecast that the company will post sales of $178.97 million, with estimates ranging from $172.80 million to $189.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover HBT Financial.

HBT Financial (NASDAQ:HBTGet Rating) last issued its quarterly earnings results on Monday, April 25th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.06. HBT Financial had a return on equity of 14.94% and a net margin of 33.99%. During the same period last year, the business posted $0.51 EPS.

HBT has been the topic of several research reports. TheStreet lowered shares of HBT Financial from a “b-” rating to a “c” rating in a report on Monday, April 18th. Zacks Investment Research raised shares of HBT Financial from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Wednesday, December 29th.

Several institutional investors have recently added to or reduced their stakes in HBT. The Manufacturers Life Insurance Company boosted its position in HBT Financial by 1.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 871,752 shares of the company’s stock worth $16,328,000 after buying an additional 11,662 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of HBT Financial by 14.8% during the third quarter. The Manufacturers Life Insurance Company now owns 860,090 shares of the company’s stock worth $13,374,000 after purchasing an additional 110,875 shares during the period. Royce & Associates LP grew its stake in shares of HBT Financial by 2.1% in the fourth quarter. Royce & Associates LP now owns 833,997 shares of the company’s stock worth $15,621,000 after purchasing an additional 16,856 shares during the last quarter. Cetera Investment Advisers increased its holdings in HBT Financial by 11.4% in the third quarter. Cetera Investment Advisers now owns 408,701 shares of the company’s stock valued at $6,355,000 after purchasing an additional 41,799 shares during the period. Finally, Geode Capital Management LLC raised its position in HBT Financial by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 170,189 shares of the company’s stock worth $3,187,000 after purchasing an additional 6,057 shares during the last quarter. 26.26% of the stock is owned by institutional investors.

Shares of NASDAQ HBT opened at $17.42 on Thursday. The company has a market cap of $504.88 million, a price-to-earnings ratio of 8.62 and a beta of 1.32. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.19. HBT Financial has a 12 month low of $14.19 and a 12 month high of $19.99. The stock has a 50-day moving average price of $18.68 and a two-hundred day moving average price of $18.60.

About HBT Financial (Get Rating)

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. 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.

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Earnings History and Estimates for HBT Financial (NASDAQ:HBT)

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