HBT Financial, Inc. (NASDAQ:HBT) Expected to Post Q2 2024 Earnings of $0.56 Per Share

HBT Financial, Inc. (NASDAQ:HBT) – Equities researchers at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for HBT Financial in a report released on Tuesday, April 23rd. DA Davidson analyst J. Rulis forecasts that the company will post earnings of $0.56 per share for the quarter. The consensus estimate for HBT Financial’s current full-year earnings is $2.24 per share. DA Davidson also issued estimates for HBT Financial’s FY2024 earnings at $2.25 EPS and FY2025 earnings at $2.25 EPS.

HBT Financial (NASDAQ:HBT) last released its quarterly earnings results on Wednesday, January 24th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $70.62 million during the quarter, compared to the consensus estimate of $57.78 million. HBT Financial had a return on equity of 16.41% and a net margin of 26.29%. During the same period in the previous year, the company posted $0.62 EPS.

Several other research firms have also issued reports on HBT. Piper Sandler increased their price target on shares of HBT Financial from $21.00 to $21.50 and gave the stock a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on HBT Financial from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday.

HBT Financial Stock Up 0.3 %

HBT opened at $18.99 on Wednesday. The company has a market capitalization of $600.27 million, a P/E ratio of 8.40 and a beta of 0.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.79 and a current ratio of 0.80. The stock has a fifty day moving average of $18.95 and a 200-day moving average of $19.34. HBT Financial has a fifty-two week low of $16.33 and a fifty-two week high of $21.87.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of HBT Financial in the 3rd quarter valued at approximately $121,000. Assenagon Asset Management S.A. bought a new stake in shares of HBT Financial during the 4th quarter valued at $1,010,000. Meredith Wealth Planning purchased a new stake in shares of HBT Financial in the 4th quarter worth about $203,000. Los Angeles Capital Management LLC increased its stake in shares of HBT Financial by 40.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock worth $1,420,000 after acquiring an additional 19,440 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in HBT Financial by 70.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock valued at $54,000 after acquiring an additional 1,062 shares during the period. Institutional investors own 78.55% of the company’s stock.

Insiders Place Their Bets

In other HBT Financial news, Director Roger A. Baker bought 3,632 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were acquired at an average cost of $18.86 per share, for a total transaction of $68,499.52. Following the purchase, the director now directly owns 559,804 shares of the company’s stock, valued at $10,557,903.44. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Roger A. Baker bought 1,888 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was bought at an average cost of $18.68 per share, for a total transaction of $35,267.84. Following the acquisition, the director now directly owns 555,980 shares of the company’s stock, valued at approximately $10,385,706.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roger A. Baker bought 3,632 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average cost of $18.86 per share, for a total transaction of $68,499.52. Following the completion of the purchase, the director now owns 559,804 shares of the company’s stock, valued at $10,557,903.44. The disclosure for this purchase can be found here. Insiders have purchased a total of 5,820 shares of company stock worth $109,417 over the last 90 days. Corporate insiders own 58.60% of the company’s stock.

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.