Brokerages expect Home Bancorp, Inc. (NASDAQ:HBCP) to announce sales of $25.31 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Home Bancorp’s earnings, with estimates ranging from $25.10 million to $25.52 million. Home Bancorp posted sales of $25.99 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.6%. The business is expected to announce its next earnings results on Tuesday, April 23rd.
On average, analysts expect that Home Bancorp will report full year sales of $102.14 million for the current fiscal year, with estimates ranging from $101.79 million to $102.50 million. For the next year, analysts forecast that the company will report sales of $101.96 million, with estimates ranging from $99.43 million to $104.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Home Bancorp.
Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings results on Tuesday, January 29th. The bank reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.02. Home Bancorp had a net margin of 27.29% and a return on equity of 11.47%. The firm had revenue of $25.93 million for the quarter, compared to analysts’ expectations of $26.23 million.
Several research analysts have recently commented on HBCP shares. BidaskClub upgraded Home Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Zacks Investment Research lowered Home Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, October 25th. Finally, ValuEngine upgraded shares of Home Bancorp from a “sell” rating to a “hold” rating in a report on Friday, December 21st. Three investment analysts have rated the stock with a sell rating and one has given a hold rating to the stock. Home Bancorp currently has an average rating of “Sell” and a consensus price target of $49.00.
In related news, Director Chris P. Rader acquired 1,000 shares of Home Bancorp stock in a transaction that occurred on Thursday, December 13th. The shares were purchased at an average cost of $36.44 per share, for a total transaction of $36,440.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 13.20% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of HBCP. Bank of New York Mellon Corp increased its stake in Home Bancorp by 19.0% during the second quarter. Bank of New York Mellon Corp now owns 50,718 shares of the bank’s stock worth $2,361,000 after purchasing an additional 8,099 shares during the period. Russell Investments Group Ltd. grew its position in shares of Home Bancorp by 53.2% during the second quarter. Russell Investments Group Ltd. now owns 6,332 shares of the bank’s stock worth $295,000 after buying an additional 2,200 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Home Bancorp by 17.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 16,646 shares of the bank’s stock worth $775,000 after buying an additional 2,518 shares in the last quarter. BlackRock Inc. boosted its holdings in Home Bancorp by 37.1% in the second quarter. BlackRock Inc. now owns 388,382 shares of the bank’s stock valued at $18,080,000 after purchasing an additional 105,135 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Home Bancorp by 27.2% in the second quarter. Dimensional Fund Advisors LP now owns 145,472 shares of the bank’s stock valued at $6,772,000 after purchasing an additional 31,126 shares in the last quarter. Institutional investors own 38.50% of the company’s stock.
HBCP traded down $0.10 on Monday, hitting $34.72. 12,651 shares of the company’s stock were exchanged, compared to its average volume of 10,434. Home Bancorp has a fifty-two week low of $32.59 and a fifty-two week high of $48.47. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.20. The stock has a market cap of $330.10 million, a PE ratio of 9.75 and a beta of 0.32.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Monday, February 11th will be issued a $0.20 dividend. The ex-dividend date is Friday, February 8th. This represents a $0.80 annualized dividend and a yield of 2.30%. Home Bancorp’s dividend payout ratio (DPR) is currently 22.47%.
Home Bancorp Company Profile
Home Bancorp, Inc operates as the holding company for Home Bank, National Association that provides various banking products and services in Louisiana. It offers deposits products, including interest-bearing and noninterest-bearing checking, money market, savings, and certificates of deposit accounts.
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