Fiserv earnings missed by $0.61, revenue fell short of estimates
Investing.com - DA Davidson has reiterated its Neutral rating on HBT Financial (NASDAQ:HBT) with a price target of $27.00, following the bank’s third-quarter 2025 results. Currently trading at a P/E ratio of 10.1x and showing strong financial health according to InvestingPro’s analysis, HBT maintains a solid 3.6% dividend yield with 10.5% dividend growth over the last year.
The financial services firm noted that HBT’s latest quarterly performance showed promising signs of loan growth acceleration, alongside stability in both credit metrics and net interest margin (NIM). The company has demonstrated consistent growth with revenue increasing by 6.9% in the last twelve months.
DA Davidson highlighted the pending CNBN acquisition as "nicely accretive" to earnings per share (EPS) and described it as a natural extension of HBT Financial’s current footprint and strategy.
The firm has raised its 2026 EPS estimate for HBT Financial from $2.41 to $2.85, while maintaining its 2025 EPS forecast at $2.49. The adjustments incorporate improved loan growth trends, higher costs, and the assumption of a successful CNBN deal closure in early 2026.
Despite the upward revision to 2026 earnings estimates, DA Davidson kept its price target unchanged at $27, citing reduced peer trading multiples as an offsetting factor. The target represents 9.5 times the firm’s 2026 EPS estimate and 1.6 times current tangible book value.
In other recent news, HBT Financial reported operating earnings of $0.65 per share for the quarter, surpassing analyst expectations due to stronger pre-provision net revenue and a lower provision. This positive earnings report led Keefe, Bruyette & Woods to raise its price target for HBT Financial to $32, maintaining an Outperform rating. Additionally, HBT Financial announced a definitive agreement to acquire CNB Bank Shares in a deal valued at approximately $170.2 million, expected to create a regional banking institution with $6.9 billion in total assets. However, Raymond James downgraded HBT Financial from Outperform to Market Perform, citing balanced risk-reward following the stock’s strong performance this year.
Furthermore, HBT Financial declared a quarterly cash dividend of $0.21 per share, payable on August 12, 2025, to shareholders of record as of August 5, 2025. The company also announced its intention to fully redeem $40 million of its 4.50% Fixed-to-Floating Rate Subordinated Notes due 2030 on September 15, 2025. This redemption will be made at a price equal to 100% of the aggregate principal amount of the notes, plus any accrued and unpaid interest. These developments reflect HBT Financial’s ongoing strategic initiatives and financial maneuvers.
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