HBT Financial (HBT) Stock

HBT Financial (HBT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

HBT Financial (HBT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

BLOOMINGTON, Ill., Dec. 18, 2024 (GLOBE NEWSWIRE) -- HBT Financial, Inc. (NASDAQ: HBT) (the “Company” or “HBT Financial”) announced today that its Board of Directors has approved a new stock repurchase program (the “Program”) that takes effect upon the expiration of the Company's current stock repurchase program on January 1, 2025. The Company will not execute additional repurchases under the current program after January 1, 2025. The new Program authorizes the Company to repurchase up to $15 million of its common stock.

Investors need to pay close attention to HBT Financial (HBT) stock based on the movements in the options market lately.

Investors need to pay close attention to HBT Financial (HBT) stock based on the movements in the options market lately.

While the top- and bottom-line numbers for HBT Financial (HBT) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

HBT Financial (HBT) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.63 per share a year ago.

Third Quarter Highlights Net income of $18.2 million, or $0.57 per diluted share; return on average assets (“ROAA”) of 1.44%; return on average stockholders' equity (“ROAE”) of 13.81%; and return on average tangible common equity (“ROATCE”) (1)  of 16.25% Adjusted net income (1)  of $19.2 million; or $0.61 per diluted share; adjusted ROAA (1)  of 1.53%; adjusted ROAE (1)  of 14.62%; and adjusted ROATCE (1)  of 17.20% Asset quality remained strong with nonperforming assets to total assets of 0.17% and net charge-offs to average loans of 0.07%, on an annualized basis Net interest margin and net interest margin (tax-equivalent basis) (1)  expanded to 3.98% and 4.03%, respectively BLOOMINGTON, Ill., Oct. 21, 2024 (GLOBE NEWSWIRE) -- HBT Financial, Inc. (NASDAQ: HBT) (the “Company” or “HBT Financial” or “HBT”), the holding company for Heartland Bank and Trust Company, today reported net income of $18.2 million, or $0.57 diluted earnings per share, for the third quarter of 2024.