Wall Street brokerages expect that Home Bancorp, Inc. (NASDAQ:HBCP) will announce sales of $26.41 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Home Bancorp’s earnings, with estimates ranging from $26.20 million to $26.62 million. Home Bancorp reported sales of $18.25 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 44.7%. The business is expected to announce its next earnings results on Tuesday, October 23rd.
On average, analysts expect that Home Bancorp will report full-year sales of $105.37 million for the current financial year, with estimates ranging from $105.10 million to $105.64 million. For the next financial year, analysts forecast that the company will report sales of $104.15 million, with estimates ranging from $103.39 million to $104.90 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Home Bancorp.
Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Thursday, July 26th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.10. Home Bancorp had a return on equity of 10.63% and a net margin of 23.13%. The firm had revenue of $26.68 million for the quarter, compared to analysts’ expectations of $25.73 million.
Shares of NASDAQ:HBCP traded down $0.94 on Wednesday, reaching $40.77. 16,343 shares of the company traded hands, compared to its average volume of 20,886. Home Bancorp has a 52 week low of $34.12 and a 52 week high of $48.47. The stock has a market capitalization of $411.34 million, a P/E ratio of 14.72 and a beta of 0.07. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC bought a new stake in shares of Home Bancorp in the first quarter worth about $1,249,000. Mackay Shields LLC bought a new stake in shares of Home Bancorp in the second quarter worth about $214,000. Renaissance Technologies LLC grew its stake in shares of Home Bancorp by 11.5% in the second quarter. Renaissance Technologies LLC now owns 235,300 shares of the bank’s stock worth $10,953,000 after purchasing an additional 24,200 shares during the last quarter. BlackRock Inc. grew its stake in shares of Home Bancorp by 2.1% in the first quarter. BlackRock Inc. now owns 283,247 shares of the bank’s stock worth $12,228,000 after purchasing an additional 5,916 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Home Bancorp by 9.1% in the first quarter. Northern Trust Corp now owns 77,168 shares of the bank’s stock worth $3,331,000 after purchasing an additional 6,423 shares during the last quarter. 38.96% of the stock is currently owned by institutional investors.
About Home Bancorp
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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