Wall Street brokerages forecast that Home Bancorp, Inc. (NASDAQ:HBCP) will post sales of $26.23 million for the current quarter, Zacks reports. Two analysts have provided estimates for Home Bancorp’s earnings, with the lowest sales estimate coming in at $26.17 million and the highest estimate coming in at $26.30 million. Home Bancorp reported sales of $22.71 million during the same quarter last year, which indicates a positive year over year growth rate of 15.5%. The firm is scheduled to report its next earnings results on Tuesday, January 29th.
According to Zacks, analysts expect that Home Bancorp will report full year sales of $105.39 million for the current financial year, with estimates ranging from $105.10 million to $105.69 million. For the next financial year, analysts expect that the firm will report sales of $103.34 million, with estimates ranging from $101.79 million to $104.90 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Home Bancorp.
Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). The business had revenue of $26.85 million during the quarter, compared to analysts’ expectations of $26.41 million. Home Bancorp had a return on equity of 11.17% and a net margin of 24.90%.
NASDAQ:HBCP traded up $0.14 during trading hours on Friday, hitting $39.72. The company’s stock had a trading volume of 4,500 shares, compared to its average volume of 19,993. The stock has a market capitalization of $379.84 million, a price-to-earnings ratio of 14.34 and a beta of 0.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 0.97. Home Bancorp has a 52-week low of $34.12 and a 52-week high of $48.47.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Monday, November 5th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.01%. This is a boost from Home Bancorp’s previous quarterly dividend of $0.19. Home Bancorp’s dividend payout ratio (DPR) is currently 28.88%.
Hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of 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 buying an additional 105,135 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Home Bancorp by 19.0% in the second quarter. Bank of New York Mellon Corp now owns 50,718 shares of the bank’s stock valued at $2,361,000 after buying an additional 8,099 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Home Bancorp in the first quarter valued at $1,249,000. Summit Financial Wealth Advisors LLC increased its position in shares of Home Bancorp by 39.1% in the third quarter. Summit Financial Wealth Advisors LLC now owns 19,400 shares of the bank’s stock valued at $796,000 after buying an additional 5,458 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position 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 valued at $10,953,000 after buying an additional 24,200 shares in the last quarter. Institutional investors and hedge funds own 39.01% of the company’s stock.
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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