HBT Financial Analysts Increase Their Forecasts After Q2 Results
Portfolio Pulse from Avi Kapoor
HBT Financial, Inc. (NASDAQ:HBT) reported better-than-expected Q2 earnings of 57 cents per share, beating the consensus estimate of 56 cents per share. However, quarterly sales of $56.64 million missed the estimate of $57.01 million, marking a 3.65% decrease from the same period last year. Analysts have adjusted their price targets for HBT Financial following the results.
July 23, 2024 | 1:44 pm
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HBT Financial reported Q2 earnings of 57 cents per share, beating the consensus estimate of 56 cents per share. However, sales of $56.64 million missed the estimate of $57.01 million, a 3.65% decrease from last year. Analysts have adjusted their price targets, with Keefe, Bruyette & Woods raising it to $27, Piper Sandler to $25, and JP Morgan to $24.
The better-than-expected earnings per share (EPS) is a positive indicator for HBT Financial, likely boosting investor confidence. However, the miss on sales and the year-over-year decline in revenue may temper some of the enthusiasm. The mixed analyst ratings and adjusted price targets suggest a cautiously optimistic outlook.
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