Tuesday, October 29, 2024

HBT Financial Analysts Raise Forecasts Following Strong Q2 Results

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.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The content is based on general research and may not be accurate, reliable, or up-to-date. Before making any financial decisions, it is recommended to consult with a professional financial advisor or conduct thorough research to verify the accuracy of the information presented. The author and publisher disclaim any liability for any financial losses or damages incurred as a result of relying on the information provided in this article. Readers are encouraged to independently verify the facts and information before making any financial decisions.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest Articles