Equities analysts forecast that Home Bancorp, Inc. (NASDAQ:HBCP) will announce sales of $25.31 million for the current quarter, according to Zacks Investment Research. Two analysts have made 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 in the same quarter last year, which would indicate a negative year over year growth rate of 2.6%. The company is expected to report 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 financial year, with estimates ranging from $101.79 million to $102.50 million. For the next year, analysts expect that the firm will post sales of $101.96 million, with estimates ranging from $99.43 million to $104.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Home Bancorp.
Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings data on Tuesday, January 29th. The bank reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. The business had revenue of $25.93 million during the quarter, compared to the consensus estimate of $26.23 million. Home Bancorp had a net margin of 27.29% and a return on equity of 11.32%.
Several analysts have recently weighed in on HBCP shares. ValuEngine upgraded shares of Home Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 21st. Zacks Investment Research upgraded shares of Home Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, November 27th. FIG Partners reiterated a “market-perform” rating on shares of Home Bancorp in a research report on Tuesday, January 29th. Finally, BidaskClub upgraded shares of Home Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Three investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. The stock has a consensus rating of “Sell” and a consensus target price of $49.00.
In other news, Director Michael P. Maraist acquired 1,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were bought at an average cost of $35.00 per share, with a total value of $35,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Darren E. Guidry sold 1,837 shares of the business’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $35.00, for a total transaction of $64,295.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,790 shares of company stock valued at $738,077. 13.20% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Citigroup Inc. grew its stake in shares of Home Bancorp by 16.3% during the 4th quarter. Citigroup Inc. now owns 2,430 shares of the bank’s stock worth $86,000 after purchasing an additional 340 shares during the period. Metropolitan Life Insurance Co. NY grew its stake in shares of Home Bancorp by 436.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,581 shares of the bank’s stock worth $91,000 after purchasing an additional 2,100 shares during the period. MetLife Investment Advisors LLC grew its stake in shares of Home Bancorp by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 4,791 shares of the bank’s stock worth $208,000 after purchasing an additional 1,705 shares during the period. Bank of America Corp DE grew its stake in shares of Home Bancorp by 40.9% during the 4th quarter. Bank of America Corp DE now owns 6,720 shares of the bank’s stock worth $238,000 after purchasing an additional 1,952 shares during the period. Finally, Menta Capital LLC grew its stake in shares of Home Bancorp by 36.7% during the 4th quarter. Menta Capital LLC now owns 7,323 shares of the bank’s stock worth $259,000 after purchasing an additional 1,966 shares during the period. 37.56% of the stock is currently owned by institutional investors.
Shares of NASDAQ:HBCP traded down $0.38 during trading on Thursday, hitting $34.40. 15,905 shares of the company were exchanged, compared to its average volume of 12,047. The company has a market capitalization of $326.65 million, a PE ratio of 9.66 and a beta of 0.31. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.19. Home Bancorp has a 12-month low of $32.59 and a 12-month high of $48.47.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 22nd. Investors of record on Monday, February 11th were given a $0.20 dividend. The ex-dividend date was Friday, February 8th. This represents a $0.80 annualized dividend and a yield of 2.33%. Home Bancorp’s dividend payout ratio (DPR) is 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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