HBT Financial, Inc. (NASDAQ:HBT) Reports Better-Than-Expected Quarterly Earnings
In the world of finance, quarterly earnings reports can make or break a company’s stock price. HBT Financial, Inc. (NASDAQ:HBT) recently posted better-than-expected earnings, causing a stir among investors and analysts alike.
With earnings of 57 cents per share, HBT surpassed the analyst consensus estimate of 56 cents per share. However, the company’s quarterly sales of $56.64 million fell short of the expected $57.01 million. Despite this slight decrease in sales compared to the same period last year, HBT Financial remains a strong player in the financial sector.
In a heartfelt statement, J. Lance Carter, President and CEO of HBT Financial, paid tribute to the late George Drake, a banking industry veteran who played a pivotal role in the company’s history. Drake’s legacy lives on through the success of HBT Financial, and his contributions will not be forgotten.
Following the earnings announcement, analysts have adjusted their price targets for HBT Financial. Keefe, Bruyette & Woods analyst Damon Delmonte reiterated an Outperform rating and raised the price target to $27. Piper Sandler analyst Nathan Race maintained a Neutral rating but increased the price target to $25. JP Morgan analyst Steven Alexopoulos, on the other hand, maintained an Underweight rating and raised the price target to $24.
As HBT Financial shares closed at $23.62 on Monday, investors are keeping a close eye on the company’s performance in the coming months. With a mix of positive earnings and analyst ratings, HBT Financial is poised for continued success in the financial market.
For more financial insights and tips on how to maximize your earnings, be sure to check out our next blog post on how to earn $500 a month from Alphabet stock ahead of their Q2 earnings report. Stay tuned for more updates and analysis on the latest trends in the financial world.
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