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HBT

HBT FinancialNasdaqGS:HBT Stock Report

Market Cap

US$484.8m

7D

3.9%

1Y

37.3%

Updated

22 Oct, 2021

Data

Company Financials +
HBT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends3/6

HBT Overview

HBT Financial, Inc. operates as the bank holding company for Heartland Bank and Trust Company and State Bank of Lincoln that provides business, commercial, and retail banking products and services to individuals, businesses, and municipal entities.

HBT Financial Competitors

Price History & Performance

Summary of all time highs, changes and price drops for HBT Financial
Historical stock prices
Current Share PriceUS$17.73
52 Week HighUS$11.97
52 Week LowUS$18.83
Beta1.41
1 Month Change18.60%
3 Month Change4.17%
1 Year Change37.34%
3 Year Changen/a
5 Year Changen/a
Change since IPO14.09%

Recent News & Updates

Jul 31
HBT Financial (NASDAQ:HBT) Has Re-Affirmed Its Dividend Of US$0.15

HBT Financial (NASDAQ:HBT) Has Re-Affirmed Its Dividend Of US$0.15

The board of HBT Financial, Inc. ( NASDAQ:HBT ) has announced that it will pay a dividend of US$0.15 per share on the...

May 07

HBT Financial goes ex-dividend on Monday

HBT Financial (HBT) had declared $0.15/share quarterly dividend, in line with previous.Payable May 18; for shareholders of record May 11; ex-div May 10.See HBT Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

HBTUS BanksUS Market
7D3.9%3.7%2.6%
1Y37.3%72.7%31.1%

Return vs Industry: HBT underperformed the US Banks industry which returned 72.7% over the past year.

Return vs Market: HBT exceeded the US Market which returned 31.1% over the past year.

Price Volatility

Is HBT's price volatile compared to industry and market?
HBT volatility
HBT Beta1.41
Industry Beta1.32
Market Beta1

Stable Share Price: HBT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: HBT's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1920747Fred Drakehttps://ir.hbtfinancial.com

HBT Financial, Inc. operates as the bank holding company for Heartland Bank and Trust Company and State Bank of Lincoln that provides business, commercial, and retail banking products and services to individuals, businesses, and municipal entities. It offers money market, savings, checking, HSA, IRA, and interest-bearing transaction accounts; time, brokered, and noninterest-bearing demand deposits; and certificates of deposits. The company also offers commercial and industrial, agricultural and farmland, commercial real estate– owner and– non-owner occupied, multi-family, construction and land development, one-to-four family residential, and municipal, consumer, and other loans.

HBT Financial Fundamentals Summary

How do HBT Financial's earnings and revenue compare to its market cap?
HBT fundamental statistics
Market CapUS$484.84m
Earnings (TTM)US$52.05m
Revenue (TTM)US$160.55m

9.3x

P/E Ratio

1.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HBT income statement (TTM)
RevenueUS$160.55m
Cost of RevenueUS$0
Gross ProfitUS$160.55m
ExpensesUS$108.50m
EarningsUS$52.05m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 25, 2021

Earnings per share (EPS)1.90
Gross Margin100.00%
Net Profit Margin32.42%
Debt/Equity Ratio36.3%

How did HBT perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

32%

Payout Ratio

Valuation

Is HBT Financial undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HBT ($17.73) is trading below our estimate of fair value ($35.78)

Significantly Below Fair Value: HBT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HBT is good value based on its PE Ratio (9.3x) compared to the US Banks industry average (11.2x).

PE vs Market: HBT is good value based on its PE Ratio (9.3x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: HBT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: HBT is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.1x).


Future Growth

How is HBT Financial forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-4.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HBT's earnings are forecast to decline over the next 3 years (-4.9% per year).

Earnings vs Market: HBT's earnings are forecast to decline over the next 3 years (-4.9% per year).

High Growth Earnings: HBT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: HBT's revenue (1.6% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: HBT's revenue (1.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HBT's Return on Equity is forecast to be low in 3 years time (10.5%).


Past Performance

How has HBT Financial performed over the past 5 years?

-7.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HBT has high quality earnings.

Growing Profit Margin: HBT's current net profit margins (32.4%) are higher than last year (32%).


Past Earnings Growth Analysis

Earnings Trend: HBT's earnings have declined by 7.7% per year over the past 5 years.

Accelerating Growth: HBT's earnings growth over the past year (10.4%) exceeds its 5-year average (-7.7% per year).

Earnings vs Industry: HBT earnings growth over the past year (10.4%) underperformed the Banks industry 37.1%.


Return on Equity

High ROE: HBT's Return on Equity (14%) is considered low.


Financial Health

How is HBT Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: HBT's Assets to Equity ratio (10.6x) is moderate.

Allowance for Bad Loans: HBT has a sufficient allowance for bad loans (358%).

Low Risk Liabilities: 96% of HBT's liabilities are made up of primarily low risk sources of funding.

Loan Level: HBT has an appropriate level of Loans to Assets ratio (54%).

Low Risk Deposits: HBT's Loans to Deposits ratio (62%) is appropriate.

Level of Bad Loans: HBT has an appropriate level of bad loans (0.3%).


Dividend

What is HBT Financial current dividend yield, its reliability and sustainability?

3.38%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HBT's dividend (3.38%) is higher than the bottom 25% of dividend payers in the US market (1.27%).

High Dividend: HBT's dividend (3.38%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether HBT's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if HBT's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.6%), HBT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HBT's dividends in 3 years are forecast to be well covered by earnings (38.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.9yrs

Average management tenure


CEO

Fred Drake (64 yo)

23.75yrs

Tenure

US$1,180,212

Compensation

Mr. Fred L. Drake serves as Chairman of the Board of Heartland Bank. He has been a director of the Company since 1984 and a director of Heartland Bank since 1982. He became an officer of Heartland Bank in...


CEO Compensation Analysis

Compensation vs Market: Fred's total compensation ($USD1.18M) is about average for companies of similar size in the US market ($USD1.67M).

Compensation vs Earnings: Fred's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: HBT's management team is seasoned and experienced (7.9 years average tenure).


Board Members

Experienced Board: HBT's board of directors are seasoned and experienced ( 12.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

HBT Financial, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: HBT Financial, Inc.
  • Ticker: HBT
  • Exchange: NasdaqGS
  • Founded: 1920
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$484.840m
  • Shares outstanding: 27.35m
  • Website: https://ir.hbtfinancial.com

Number of Employees


Location

  • HBT Financial, Inc.
  • 401 North Hershey Road
  • Bloomington
  • Illinois
  • 61704
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 23:06
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.