HBT Financial (NASDAQ:HBT) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

HBT Financial (NASDAQ:HBT) released its earnings results on Monday. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07, FiscalAI reports. The company had revenue of $84.21 million for the quarter, compared to analyst estimates of $82.87 million.

HBT Financial Stock Performance

HBT stock traded down $0.32 during midday trading on Wednesday, hitting $36.89. The company had a trading volume of 2,267 shares, compared to its average volume of 108,447. The stock’s 50 day moving average price is $35.88 and its 200 day moving average price is $31.04. HBT Financial has a 52 week low of $22.37 and a 52 week high of $37.71.

Analyst Ratings Changes

Several research firms have recently weighed in on HBT. Keefe, Bruyette & Woods increased their price objective on HBT Financial from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday. Hovde Group raised their price target on HBT Financial from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Wall Street Zen downgraded shares of HBT Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of HBT Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. Finally, Zacks Research raised HBT Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $39.20.

About HBT Financial

HBT Financial, Inc is a bank holding company headquartered in Bloomington, Illinois. Its principal subsidiary, Heartland Bank and Trust Company, operates as a community bank serving individuals, businesses, agricultural customers and institutions.

Heartland Bank provides a range of traditional banking products, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer loans, commercial lending and agricultural financing. The bank also offers treasury management, online and mobile banking, wealth management, trust and investment services, and other financial solutions.

Through its branch network and digital channels, HBT Financial serves communities primarily across central and eastern Illinois and parts of eastern Iowa.