HBT Financial (NASDAQ:HBT) Posts Earnings Results

HBT Financial (NASDAQ:HBT) announced its earnings results on Wednesday. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.04, Zacks reports. HBT Financial had a return on equity of 14.70% and a net margin of 24.68%.

HBT Financial Stock Performance

NASDAQ:HBT opened at $22.38 on Wednesday. HBT Financial has a fifty-two week low of $17.75 and a fifty-two week high of $25.35. The firm has a market capitalization of $706.31 million, a PE ratio of 10.17 and a beta of 0.88. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s fifty day moving average is $22.94 and its 200 day moving average is $22.33.

Analyst Ratings Changes

HBT has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their target price on HBT Financial from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Piper Sandler decreased their target price on HBT Financial from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Finally, DA Davidson downgraded shares of HBT Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $26.00 to $24.00 in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, HBT Financial has an average rating of “Hold” and a consensus price target of $24.40.

Insider Buying and Selling at HBT Financial

In other HBT Financial news, Chairman Fred L. Drake sold 2,200 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $23.86, for a total transaction of $52,492.00. Following the transaction, the chairman now directly owns 91,470 shares in the company, valued at $2,182,474.20. This trade represents a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 14,498 shares of company stock worth $351,985 over the last 90 days. Company insiders own 59.80% of the company’s stock.

HBT Financial declared that its Board of Directors has approved a share buyback program on Wednesday, December 18th that authorizes the company to repurchase $15.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

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.