HBT Financial (NASDAQ:HBT – Get Free Report) released its earnings on July 22. They reported $0.57 per share, slightly above the expected $0.56. With a revenue of $72.43 million, it exceeded estimates of $56.82 million. Last year, they reported $0.58 per share. Analysts predict $2 per share for the current and next fiscal year.
HBT Financial Stock Performance
On Monday, HBT shares opened at $22.01. The company’s current ratio and quick ratio are both 0.82, and the debt-to-equity ratio is 0.21. Over the past year, HBT shares ranged from $17.69 to $24.85. The stock has 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, resulting in an annualized yield of 3.45%. The payout ratio is 33.63%.
Insider Transactions
On July 24, Director Patrick F. Busch sold 11,555 shares for about $278,360, now retaining 190,000 shares valued at approximately $4.57 million. Corporate insiders own 59.80% of HBT stock.
Analyst Opinions
Several analysts reviewed HBT recently. JPMorgan adjusted their price target from $21 to $24 with an “underweight” rating, while DA Davidson moved from a “buy” to a “neutral” rating, changing their target from $26 to $24. Keefe, Bruyette & Woods maintained an “outperform” rating with a target increase to $27. Currently, HBT is rated “Hold” with an average price target of $24.60.
Read Our Latest Stock Report on HBT
Company Profile
HBT Financial, Inc is the bank holding company for Heartland Bank and Trust, offering various banking products in Central and Northeastern Illinois, and Eastern Iowa.
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