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

HBT Financial, Inc. (NASDAQ:HBT) – Stock analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for HBT Financial in a research note issued to investors on Tuesday, April 23rd. DA Davidson analyst J. Rulis anticipates 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 $2.22 per share. DA Davidson also issued estimates for HBT Financial’s FY2024 earnings at $2.25 EPS and FY2025 earnings at $2.25 EPS.

A number of other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on HBT Financial from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday. Piper Sandler upped their price objective on HBT Financial from $21.00 to $21.50 and gave the company a “neutral” rating in a research report on Tuesday.

HBT Financial Price Performance

NASDAQ:HBT opened at $18.86 on Wednesday. HBT Financial has a 12 month low of $16.33 and a 12 month high of $21.87. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average is $18.93 and its 200 day moving average is $19.33. The company has a market capitalization of $596.22 million, a P/E ratio of 8.35 and a beta of 0.86.

HBT Financial (NASDAQ:HBT) last posted its earnings results on Wednesday, January 24th. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The company had revenue of $70.62 million for 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 business earned $0.62 earnings per share.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HBT. Tower Research Capital LLC TRC grew its stake in HBT Financial by 70.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock worth $54,000 after purchasing an additional 1,062 shares in the last quarter. SG Americas Securities LLC bought a new position in HBT Financial in the third quarter worth approximately $121,000. Meredith Wealth Planning bought a new position in HBT Financial in the fourth quarter worth approximately $203,000. Assenagon Asset Management S.A. bought a new position in HBT Financial in the fourth quarter worth approximately $1,010,000. Finally, Los Angeles Capital Management LLC grew its stake in HBT Financial by 40.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock worth $1,420,000 after purchasing an additional 19,440 shares in the last quarter. Institutional investors own 78.55% of the company’s stock.

Insider Buying and Selling at HBT Financial

In other HBT Financial news, Director Roger A. Baker bought 1,888 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were purchased at an average price of $18.68 per share, with a total value of $35,267.84. Following the completion of the purchase, the director now owns 555,980 shares in the company, valued at approximately $10,385,706.40. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other HBT Financial news, Director Roger A. Baker bought 1,888 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were purchased at an average price of $18.68 per share, with a total value of $35,267.84. Following the completion of the purchase, the director now owns 555,980 shares in the company, valued at approximately $10,385,706.40. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Roger A. Baker bought 3,632 shares of the business’s stock in a transaction dated 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 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 have purchased a total of 5,820 shares of company stock worth $109,417 over the last ninety days. Company insiders own 58.60% of the company’s stock.

About HBT Financial

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.