DA Davidson Brokers Decrease Earnings Estimates for HBT Financial, Inc. (NASDAQ:HBT)

Posted by Defense World Staff on Apr 7th, 2023

HBT Financial, Inc. (NASDAQ:HBT – Get Rating) – Research analysts at DA Davidson dropped their Q1 2023 earnings per share (EPS) estimates for shares of HBT Financial in a report issued on Wednesday, April 5th. DA Davidson analyst J. Rulis now expects that the company will earn $0.49 per share for the quarter, down from their previous forecast of $0.52. DA Davidson currently has a “Buy” rating on the stock. The consensus estimate for HBT Financial’s current full-year earnings is $2.46 per share. DA Davidson also issued estimates for HBT Financial’s FY2023 earnings at $2.40 EPS and FY2024 earnings at $2.60 EPS.

Several other brokerages have also issued reports on HBT. JPMorgan Chase & Co. cut their price objective on shares of HBT Financial from $19.50 to $19.00 in a report on Thursday. Piper Sandler lifted their price target on shares of HBT Financial from $21.50 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, January 26th.

HBT Financial Stock Down 0.2 %

Shares of NASDAQ HBT opened at $18.98 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $610.21 million, a P/E ratio of 9.08 and a beta of 0.88. HBT Financial has a 1 year low of $16.09 and a 1 year high of $23.49. The firm has a 50-day simple moving average of $21.15 and a two-hundred day simple moving average of $20.10.

HBT Financial (NASDAQ:HBT – Get Rating) last announced its quarterly earnings results on Wednesday, January 25th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The firm had revenue of $50.07 million during the quarter, compared to the consensus estimate of $47.74 million. HBT Financial had a net margin of 32.21% and a return on equity of 16.06%.

Hedge Funds Weigh In On HBT Financial

A number of institutional investors have recently modified their holdings of HBT. The Manufacturers Life Insurance Company increased its position in shares of HBT Financial by 0.6% in the first quarter. The Manufacturers Life Insurance Company now owns 877,337 shares of the company’s stock worth $15,950,000 after acquiring an additional 5,585 shares in the last quarter. Geode Capital Management LLC boosted its stake in HBT Financial by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 196,759 shares of the company’s stock valued at $3,850,000 after acquiring an additional 10,539 shares during the last quarter. State Street Corp boosted its stake in HBT Financial by 1.9% during the 3rd quarter. State Street Corp now owns 173,320 shares of the company’s stock valued at $3,146,000 after acquiring an additional 3,282 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in HBT Financial by 4.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 166,149 shares of the company’s stock valued at $3,016,000 after acquiring an additional 6,634 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in HBT Financial by 10.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 157,604 shares of the company’s stock valued at $3,085,000 after acquiring an additional 15,388 shares during the last quarter. Institutional investors and hedge funds own 25.43% of the company’s stock.

Insider Activity

In other HBT Financial news, Director Patrick F. Busch sold 15,000 shares of HBT Financial stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $22.39, for a total value of $335,850.00. Following the transaction, the director now directly owns 187,590 shares in the company, valued at $4,200,140.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 65.20% of the company’s stock.

HBT Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 14th. Stockholders of record on Tuesday, February 7th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.58%. This is a positive change from HBT Financial’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Monday, February 6th. HBT Financial’s dividend payout ratio (DPR) is presently 32.54%.

HBT Financial Company Profile

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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. 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.