NasdaqGS:HBTBanks
HBT Financial (HBT) Stock Jumps As Earnings Power Snaps Back
HBT Financial stock jumped 4.4% to US$36.11 by the close on Tuesday, as investors reacted to a quarter that looked much stronger than the recent trend suggested. The headline is simple: earnings power snapped back. Basic earnings per share for Q2 landed at about US$0.77 on revenue of roughly US$80.2m, both solid figures for a regional bank of HBT Financial’s size.
That short term pop now sits against a richer backdrop. The stock trades on a P/E of 16.2x, above US banks and peers. This puts...