HBT Financial (NASDAQ:HBT) Sets New 52-Week High Following Better-Than-Expected Earnings

HBT Financial, Inc. (NASDAQ:HBT)’s stock price hit a new 52-week high during mid-day trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $24.22 and last traded at $24.12, with a volume of 2269 shares. The stock had previously closed at $23.62.

The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.01. HBT Financial had a net margin of 26.29% and a return on equity of 16.14%. The company had revenue of $72.43 million during the quarter, compared to analyst estimates of $56.82 million. During the same period in the prior year, the firm posted $0.58 EPS.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HBT. Piper Sandler raised their price objective on shares of HBT Financial from $21.50 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price target on HBT Financial from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $27.00 price objective (up previously from $25.00) on shares of HBT Financial in a research note on Tuesday. Finally, Raymond James upgraded HBT Financial from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research report on Friday, May 10th.

Insider Activity at HBT Financial

In other news, Director Eric E. Burwell bought 6,000 shares of HBT Financial stock in a transaction dated Tuesday, June 11th. The shares were purchased at an average cost of $18.99 per share, with a total value of $113,940.00. Following the completion of the acquisition, the director now owns 31,820 shares of the company’s stock, valued at approximately $604,261.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 59.80% of the stock is currently owned by corporate insiders.

Institutional Trading of HBT Financial

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in shares of HBT Financial by 70.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the company’s stock worth $54,000 after acquiring an additional 1,062 shares in the last quarter. SG Americas Securities LLC raised its stake in HBT Financial by 36.6% during the fourth quarter. SG Americas Securities LLC now owns 9,029 shares of the company’s stock valued at $191,000 after purchasing an additional 2,418 shares in the last quarter. Meredith Wealth Planning bought a new position in HBT Financial during the fourth quarter valued at $203,000. LSV Asset Management purchased a new position in shares of HBT Financial in the 1st quarter worth $183,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of HBT Financial in the 4th quarter worth $1,010,000. Institutional investors own 78.55% of the company’s stock.

HBT Financial Stock Performance

The business’s fifty day moving average price is $19.93 and its two-hundred day moving average price is $19.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $764.79 million, a P/E ratio of 10.60 and a beta of 0.87.

HBT Financial Company Profile

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.