HBT Financial (NASDAQ:HBT) reported its earnings on July 22, showing $0.57 EPS, surpassing estimates of $0.56. The company’s revenue was $72.43 million, exceeding analyst projections of $56.82 million. Last year’s EPS for the same quarter was $0.58. Analysts forecast $2 EPS for the current and next fiscal year.
HBT Financial Stock Update
HBT shares opened at $22.01 on Monday. Key figures include a current ratio of 0.82, a quick ratio of 0.82, and a debt-to-equity ratio of 0.21. The stock’s 12-month range is $17.69 to $24.85, with a market cap of $695.32 million and a P/E ratio of 9.74.
Dividend Announcement
HBT recently paid a quarterly dividend of $0.19 on August 13 to shareholders on record as of August 6. The annualized dividend is $0.76, giving a yield of 3.45%. The payout ratio stands at 33.63%.
Insider Transactions
Director Patrick F. Busch sold 11,555 shares on July 24 at an average price of $24.09, totaling about $278,360. He holds 190,000 shares, valued at approximately $4.58 million, after a 0% change in ownership. Corporate insiders own 59.80% of HBT Financial.
Analyst Insights
Several analysts have updated their ratings for HBT. JPMorgan raised its price target from $21 to $24 with an “underweight” rating. DA Davidson downgraded HBT from “buy” to “neutral,” reducing the price target from $26 to $24. Keefe, Bruyette & Woods upgraded its rating to “outperform,” increasing the target to $27. Piper Sandler lifted their price target from $21.50 to $25, maintaining a “neutral” rating. Overall, HBT has an average rating of “Hold” with a price target of $24.60.
Read Our Latest Stock Report on HBT
Company Overview
HBT Financial, Inc. operates as a bank holding company for Heartland Bank and Trust Company, providing a range of banking products and services in Central and Northeastern Illinois, and Eastern Iowa.
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