HBT Financial (HBT) Set to Announce Quarterly Earnings on Wednesday

HBT Financial (NASDAQ:HBT – Get Rating) is scheduled to release its earnings data before the market opens on Wednesday, January 25th. Analysts expect HBT Financial to post earnings of $0.57 per share for the quarter.

HBT Financial (NASDAQ:HBT – Get Rating) last announced its quarterly earnings results on Monday, October 24th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.06. The company had revenue of $45.62 million for the quarter, compared to the consensus estimate of $44.49 million. HBT Financial had a return on equity of 14.68% and a net margin of 31.86%. 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

HBT traded down $0.09 during midday trading on Tuesday, hitting $19.59. 44,135 shares of the company were exchanged, compared to its average volume of 27,609. The company’s 50 day simple moving average is $19.83 and its 200 day simple moving average is $19.07. The firm has a market capitalization of $563.27 million, a price-to-earnings ratio of 9.94 and a beta of 0.94. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.38. HBT Financial has a 1-year low of $16.09 and a 1-year high of $22.48.

Institutional Investors Weigh In On HBT Financial

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in HBT Financial by 21.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 111,738 shares of the company’s stock worth $2,031,000 after buying an additional 19,454 shares during the last quarter. Rhumbline Advisers acquired a new stake in HBT Financial in the 2nd quarter worth about $270,000. State Street Corp boosted its holdings in HBT Financial by 4.9% in the 1st quarter. State Street Corp now owns 164,009 shares of the company’s stock worth $2,982,000 after buying an additional 7,639 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in HBT Financial by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 166,149 shares of the company’s stock worth $3,016,000 after buying an additional 6,634 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in HBT Financial by 0.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 877,337 shares of the company’s stock worth $15,950,000 after buying an additional 5,585 shares during the last quarter. 25.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HBT has been the topic of several analyst reports. JPMorgan Chase & Co. cut their price target on HBT Financial from $19.50 to $19.00 and set an “underweight” rating on the stock in a research report on Tuesday, December 13th. TheStreet raised HBT Financial from a “c” rating to a “b” rating in a research report on Monday, October 24th.

HBT Financial Company Profile

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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.