HBT Financial (NASDAQ:HBT) Announces Quarterly Earnings Results

HBT Financial (NASDAQ:HBT - Get Free Report) released its quarterly earnings data on Monday. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.04, RTT News reports. HBT Financial had a return on equity of 14.57% and a net margin of 24.99%. The business had revenue of $63.14 million during the quarter, compared to the consensus estimate of $57.57 million. During the same quarter in the prior year, the company posted $0.57 earnings per share.

HBT Financial Stock Performance

HBT traded down $0.50 on Friday, reaching $23.40. The company had a trading volume of 18,620 shares, compared to its average volume of 32,571. The stock has a market cap of $740.17 million, a P/E ratio of 10.35 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82. HBT Financial has a fifty-two week low of $18.16 and a fifty-two week high of $26.25. The company's fifty day moving average is $23.00 and its 200 day moving average is $23.06.

HBT Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Tuesday, May 6th. HBT Financial's payout ratio is presently 35.29%.

Insiders Place Their Bets

In related news, Director Patrick F. Busch sold 8,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $24.77, for a total transaction of $198,160.00. Following the sale, the director now owns 182,000 shares of the company's stock, valued at $4,508,140. This represents a 4.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Fred L. Drake sold 5,055 shares of HBT Financial stock in a transaction on Friday, January 31st. The shares were sold at an average price of $24.81, for a total value of $125,414.55. Following the completion of the transaction, the chairman now directly owns 53,615 shares of the company's stock, valued at $1,330,188.15. This represents a 8.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,900 shares of company stock worth $969,500 over the last three months. Insiders own 59.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HBT shares. Piper Sandler decreased their price target on shares of HBT Financial from $27.00 to $26.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Hovde Group assumed coverage on HBT Financial in a research note on Thursday, March 27th. They issued a "market perform" rating and a $24.50 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $24.75.

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.