Q2 2024 Earnings Estimate for HBT Financial, Inc. Issued By DA Davidson (NASDAQ:HBT)

HBT Financial, Inc. (NASDAQ:HBT) – Investment analysts at DA Davidson issued their Q2 2024 earnings estimates for shares of HBT Financial in a report issued on Tuesday, April 23rd. DA Davidson analyst J. Rulis forecasts that the company will earn $0.56 per share for the quarter. The consensus estimate for HBT Financial’s current full-year earnings is $2.24 per share. DA Davidson also issued estimates for HBT Financial’s FY2024 earnings at $2.25 EPS and FY2025 earnings at $2.25 EPS.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $70.62 million for the quarter, compared to the consensus estimate of $57.78 million. HBT Financial had a net margin of 26.29% and a return on equity of 16.41%. During the same period last year, the company posted $0.62 EPS.

A number of other analysts also recently weighed in on HBT. Piper Sandler increased their price target on shares of HBT Financial from $21.00 to $21.50 and gave the company a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of HBT Financial from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday.

HBT Financial Stock Performance

Shares of NASDAQ:HBT opened at $18.94 on Wednesday. The company has a market capitalization of $598.69 million, a price-to-earnings ratio of 8.38 and a beta of 0.86. The firm’s 50 day simple moving average is $18.96 and its 200 day simple moving average is $19.34. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.80 and a quick ratio of 0.79. HBT Financial has a fifty-two week low of $16.33 and a fifty-two week high of $21.87.

Hedge Funds Weigh In On HBT Financial

Hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. bought a new position in shares of HBT Financial in the fourth quarter valued at $1,010,000. Los Angeles Capital Management LLC grew its stake in shares of HBT Financial by 40.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 67,270 shares of the company’s stock valued at $1,420,000 after buying an additional 19,440 shares in the last quarter. Meredith Wealth Planning bought a new position in shares of HBT Financial in the fourth quarter valued at $203,000. SG Americas Securities LLC bought a new position in shares of HBT Financial in the third quarter valued at $121,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of HBT Financial by 70.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock valued at $54,000 after buying an additional 1,062 shares in the last quarter. 78.55% of the stock is owned by institutional investors.

Insider Buying and Selling

In other HBT Financial news, Director Roger A. Baker bought 3,632 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was acquired at an average cost of $18.86 per share, with a total value of $68,499.52. Following the purchase, the director now owns 559,804 shares in the company, valued at $10,557,903.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other HBT Financial news, Director Roger A. Baker purchased 3,632 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was bought at an average cost of $18.86 per share, with a total value of $68,499.52. Following the purchase, the director now directly owns 559,804 shares of the company’s stock, valued at $10,557,903.44. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Roger A. Baker purchased 1,888 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were acquired at an average cost of $18.68 per share, with a total value of $35,267.84. Following the completion of the purchase, the director now directly owns 555,980 shares in the company, valued at $10,385,706.40. The disclosure for this purchase can be found here. In the last three months, insiders acquired 5,820 shares of company stock valued at $109,417. 58.60% of the stock is owned by corporate insiders.

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.