Research Analysts Issue Forecasts for Home Bancorp, Inc.’s Q1 2018 Earnings (HBCP)

Home Bancorp, Inc. (NASDAQ:HBCP) – Equities researchers at FIG Partners dropped their Q1 2018 EPS estimates for shares of Home Bancorp in a note issued to investors on Monday. FIG Partners analyst C. Marinac now expects that the bank will post earnings per share of $0.63 for the quarter, down from their prior forecast of $0.64. FIG Partners also issued estimates for Home Bancorp’s Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.78 EPS, Q4 2018 earnings at $0.78 EPS and FY2018 earnings at $2.90 EPS.

A number of other research firms also recently issued reports on HBCP. UBS AG downgraded shares of Home Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Home Bancorp from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub downgraded shares of Home Bancorp from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Sandler O’Neill reaffirmed a “hold” rating and set a $46.00 price target on shares of Home Bancorp in a report on Wednesday, October 18th. Finally, Raymond James Financial, Inc. downgraded shares of Home Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $47.00.

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Home Bancorp (HBCP) opened at $40.48 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.34. The stock has a market cap of $300.66, a P/E ratio of 16.09 and a beta of 0.14. Home Bancorp has a 1-year low of $32.17 and a 1-year high of $47.20.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The company had revenue of $18.25 million during the quarter, compared to the consensus estimate of $18.54 million. Home Bancorp had a return on equity of 9.72% and a net margin of 22.54%.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Monday, November 6th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, November 3rd. Home Bancorp’s dividend payout ratio is currently 22.67%.

In other Home Bancorp news, CEO John W. Bordelon sold 15,578 shares of Home Bancorp stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $43.59, for a total transaction of $679,045.02. The sale was disclosed in a filing with the SEC, which is accessible through this link. 15.50% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of HBCP. Bank of New York Mellon Corp lifted its holdings in Home Bancorp by 3.2% during the first quarter. Bank of New York Mellon Corp now owns 29,101 shares of the bank’s stock valued at $982,000 after purchasing an additional 889 shares in the last quarter. American International Group Inc. lifted its holdings in shares of Home Bancorp by 6.7% in the first quarter. American International Group Inc. now owns 3,527 shares of the bank’s stock worth $119,000 after buying an additional 220 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Home Bancorp by 5.7% in the first quarter. Geode Capital Management LLC now owns 33,284 shares of the bank’s stock worth $1,123,000 after buying an additional 1,782 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Home Bancorp by 9.2% in the first quarter. Renaissance Technologies LLC now owns 150,100 shares of the bank’s stock worth $5,066,000 after buying an additional 12,600 shares in the last quarter. Finally, First Quadrant L P CA purchased a new position in shares of Home Bancorp in the second quarter worth $365,000. 42.96% of the stock is currently owned by institutional investors and hedge funds.

About Home Bancorp

Home Bancorp, Inc is a bank holding company for Home Bank, N.A. (the Bank). The Bank conducts business through banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi.

Earnings History and Estimates for Home Bancorp (NASDAQ:HBCP)

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