Wall Street brokerages predict that HBT Financial (NASDAQ:HBT) will announce sales of $37.58 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for HBT Financial’s earnings, with estimates ranging from $36.30 million to $38.30 million. The business is expected to report its next quarterly earnings results on Thursday, July 30th.

According to Zacks, analysts expect that HBT Financial will report full year sales of $153.80 million for the current fiscal year, with estimates ranging from $152.90 million to $154.50 million. For the next fiscal year, analysts expect that the company will post sales of $148.17 million, with estimates ranging from $144.20 million to $150.66 million. Zacks’ sales averages are an average based on a survey of research firms that cover HBT Financial.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). The firm had revenue of $35.91 million for the quarter, compared to analysts’ expectations of $38.90 million.

HBT has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of HBT Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 14th. Zacks Investment Research downgraded shares of HBT Financial from a “hold” rating to a “sell” rating in a report on Tuesday, April 28th. Finally, Raymond James increased their price target on shares of HBT Financial from $13.00 to $13.50 and gave the stock an “outperform” rating in a report on Monday, May 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $18.75.

In other news, CEO Fred L. Drake purchased 15,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was acquired at an average cost of $10.90 per share, for a total transaction of $163,500.00. Also, EVP Patrick F. Busch purchased 7,500 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $11.02 per share, with a total value of $82,650.00. Following the completion of the purchase, the executive vice president now owns 36,728 shares in the company, valued at $404,742.56. The disclosure for this purchase can be found here. Insiders purchased a total of 35,500 shares of company stock valued at $407,460 over the last quarter.

Several institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. purchased a new position in shares of HBT Financial during the 4th quarter valued at about $35,000. Meeder Asset Management Inc. bought a new stake in HBT Financial in the 4th quarter worth approximately $45,000. Bank of America Corp DE bought a new stake in HBT Financial in the 4th quarter worth approximately $60,000. Wells Fargo & Company MN increased its stake in HBT Financial by 810.2% in the 1st quarter. Wells Fargo & Company MN now owns 7,527 shares of the company’s stock worth $79,000 after acquiring an additional 6,700 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in HBT Financial by 44.3% in the 1st quarter. Russell Investments Group Ltd. now owns 8,800 shares of the company’s stock worth $92,000 after acquiring an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 32.17% of the company’s stock.

Shares of HBT Financial stock traded down $0.06 on Wednesday, reaching $12.51. The stock had a trading volume of 12,500 shares, compared to its average volume of 63,066. HBT Financial has a 1 year low of $9.11 and a 1 year high of $20.71. The company has a market cap of $343.49 million and a P/E ratio of 3.65. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $12.87 and its two-hundred day moving average is $14.64.

HBT Financial Company Profile

HBT Financial, Inc operates as the bank holding company for Heartland Bank and Lincoln Bank that provides business, commercial, and retail banking products and services to businesses, families, and local governments throughout Central and Northeastern Illinois. The company offers checking, saving, and retirement accounts, as well as demand and time deposits.

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Earnings History and Estimates for HBT Financial (NASDAQ:HBT)

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