HBT Financial (NASDAQ:HBT – Get Free Report) recently reported earnings on July 22. The company earned $0.57 per share, slightly above the estimate of $0.56. HBT’s revenue for the quarter was $72.43 million, exceeding the $56.82 million expectation. Last year, the earning was $0.58 per share. Analysts project $2 EPS for both this and next fiscal year.
HBT Financial Stock Rises 4.4%
HBT shares opened at $22.01. The company has a market cap of $695.32 million and a P/E ratio of 9.74. The stock’s 12-month range is from $17.69 to $24.85, with a 50-day moving average of $21.67.
Dividend Details
HBT declared a quarterly dividend of $0.19, paid on August 13, with a yield of 3.45%. Shareholders on record by August 6 received this dividend. The current payout ratio is 33.63%.
Insider Activity
Director Patrick F. Busch sold 11,555 shares at about $24.09 on July 24, totaling around $278,360. He now holds 190,000 shares valued at roughly $4.57 million. Insider ownership stands at 59.80% of the company’s stock.
Analyst Ratings
Research reports on HBT show mixed opinions. JPMorgan raised its price target to $24, while DA Davidson downgraded it to neutral at the same price. Keefe, Bruyette & Woods upgraded to outperform with a target of $27. Overall, the average recommendation remains “Hold” with a price target of $24.60.
Read Our Latest Stock Report on HBT
Company Overview
HBT Financial, Inc is a bank holding company for Heartland Bank and Trust, offering various banking services in Illinois and Iowa.
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