HBT Financial (HBT) Set to Announce Earnings on Monday

HBT Financial (NASDAQ:HBT) is set to post its quarterly earnings results before the market opens on Monday, April 22nd. Analysts expect HBT Financial to post earnings of $0.57 per share for the quarter.

HBT Financial (NASDAQ:HBT) last released its earnings results on Wednesday, January 24th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. HBT Financial had a net margin of 24.84% and a return on equity of 16.93%. The business had revenue of $70.62 million during the quarter, compared to analysts’ expectations of $57.78 million. During the same quarter last year, the company earned $0.62 earnings per share. 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 Up 1.0 %

NASDAQ HBT opened at $18.60 on Monday. 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 firm has a 50-day simple moving average of $19.05 and a 200 day simple moving average of $19.32. HBT Financial has a twelve month low of $16.33 and a twelve month high of $21.87. The stock has a market cap of $588.50 million, a PE ratio of 8.94 and a beta of 0.86.

HBT Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Monday, February 5th. This is a boost from HBT Financial’s previous quarterly dividend of $0.17. HBT Financial’s dividend payout ratio (DPR) is presently 36.54%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their target price on shares of HBT Financial from $21.50 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, April 4th.

Insiders Place Their Bets

In other HBT Financial news, Director Roger A. Baker purchased 1,888 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was purchased at an average price of $18.68 per share, for a total transaction of $35,267.84. Following the completion of the purchase, the director now directly owns 555,980 shares in the company, valued at $10,385,706.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other HBT Financial news, Director Roger A. Baker purchased 1,888 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was purchased at an average price of $18.68 per share, for a total transaction of $35,267.84. Following the completion of the purchase, the director now directly owns 555,980 shares in the company, valued at $10,385,706.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Roger A. Baker acquired 3,632 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were purchased at an average cost of $18.86 per share, with a total value of $68,499.52. Following the acquisition, the director now owns 559,804 shares of the company’s stock, valued at approximately $10,557,903.44. The disclosure for this purchase can be found here. Insiders acquired a total of 5,820 shares of company stock worth $109,417 over the last quarter. Company insiders own 58.60% of the company’s stock.

Institutional Trading of HBT Financial

A number of hedge funds and other institutional investors have recently modified their holdings of HBT. Tower Research Capital LLC TRC boosted its position in shares of HBT Financial by 366.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,511 shares of the company’s stock worth $28,000 after purchasing an additional 1,187 shares in the last quarter. West Tower Group LLC boosted its position in shares of HBT Financial by 289.1% during the fourth quarter. West Tower Group LLC now owns 1,743 shares of the company’s stock worth $37,000 after purchasing an additional 1,295 shares in the last quarter. Legal & General Group Plc boosted its position in shares of HBT Financial by 250.1% during the fourth quarter. Legal & General Group Plc now owns 2,902 shares of the company’s stock worth $57,000 after purchasing an additional 2,073 shares in the last quarter. UBS Group AG boosted its position in shares of HBT Financial by 4,313.5% during the fourth quarter. UBS Group AG now owns 3,928 shares of the company’s stock worth $77,000 after purchasing an additional 3,839 shares in the last quarter. Finally, Citigroup Inc. boosted its position in shares of HBT Financial by 998.0% during the second quarter. Citigroup Inc. now owns 4,370 shares of the company’s stock worth $81,000 after purchasing an additional 3,972 shares in the last quarter. Institutional investors and hedge funds own 78.55% 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.