Hbt Financial Inc Up 1.3% To $17.99 After Earnings Beat

Monday, October 23, 2023 - Hbt Financial Inc (HBT) reported upside earnings and downside revenues.

Hbt Financial Inc's earnings came in at an EPS of $0.63 per share, 9.00% higher than estimates for an EPS of $0.58 per share. The firm's earnings are up 15% since reporting $0.55 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Consensus analyst estimates were at $58.8 million. The Financial Services company missed on those expectations for its third quarter with revenue of $57.8 million, a negative revenue surprise of $1 million (2%). The firm managed 27% growth year-over-year due to Hbt Financial Inc reporting quarterly revenue of $45.6 million in its year-ago quarter. Hbt Financial Inc achieved a lower earnings growth rate than revenue, signaling that the business has not been able to improve its profit margin.

The stock is up 1.3% to $17.99 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

Trading in the five days leading up to the report earned Hbt Financial Inc a Bearish Sentiment Rank from InvestorsObserver.

Hbt Financial Inc has performed a little above average during the past few months. Before the report, Hbt Financial Inc received a Long-Term Technical Rank by InvestorsObserver of 50, putting it in the top half of stocks. The firm set a 52-week low on May 10, 2023 at $16.33 and set a 52-week high on March 7, 2023 at $23.49.

HBT Financial Inc provides a comprehensive suite of business, commercial and retail banking products and services to businesses, families, and local governments throughout Central and Northeastern Illinois. It operates through one reportable segment: community banking.