Equities research analysts predict that Home Bancorp, Inc. (NASDAQ:HBCP) will report $24.92 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Home Bancorp’s earnings, with the highest sales estimate coming in at $25.13 million and the lowest estimate coming in at $24.70 million. Home Bancorp posted sales of $26.68 million in the same quarter last year, which would indicate a negative year over year growth rate of 6.6%. The company is scheduled to announce its next earnings results on Tuesday, July 23rd.
On average, analysts expect that Home Bancorp will report full-year sales of $100.22 million for the current fiscal year, with estimates ranging from $99.50 million to $100.93 million. For the next fiscal year, analysts anticipate that the business will post sales of $100.36 million, with estimates ranging from $98.60 million to $102.12 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Home Bancorp.
Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.07. The business had revenue of $24.89 million for the quarter, compared to analysts’ expectations of $25.25 million. Home Bancorp had a return on equity of 11.10% and a net margin of 27.58%.
Several research firms have recently issued reports on HBCP. Zacks Investment Research lowered shares of Home Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. ValuEngine lowered shares of Home Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 9th. FIG Partners restated a “market-perform” rating on shares of Home Bancorp in a report on Tuesday, January 29th. Finally, BidaskClub upgraded shares of Home Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 6th.
Home Bancorp stock traded down $0.09 during trading hours on Monday, hitting $36.30. 5,063 shares of the stock traded hands, compared to its average volume of 12,629. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $345.20 million, a price-to-earnings ratio of 10.20 and a beta of 0.34. Home Bancorp has a one year low of $32.59 and a one year high of $48.47.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be issued a $0.21 dividend. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Friday, May 3rd. Home Bancorp’s payout ratio is presently 23.60%.
In related news, insider John W. Bordelon sold 2,554 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $35.89, for a total value of $91,663.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Bordelon sold 1,054 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.80, for a total transaction of $37,733.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,891 shares of company stock valued at $851,233. 12.40% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in shares of Home Bancorp by 15.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 167,730 shares of the bank’s stock valued at $7,293,000 after acquiring an additional 22,258 shares during the period. Citigroup Inc. boosted its holdings in Home Bancorp by 16.3% in the 4th quarter. Citigroup Inc. now owns 2,430 shares of the bank’s stock worth $86,000 after buying an additional 340 shares during the period. Martingale Asset Management L P boosted its holdings in Home Bancorp by 3.6% in the 3rd quarter. Martingale Asset Management L P now owns 63,328 shares of the bank’s stock worth $2,754,000 after buying an additional 2,201 shares during the period. BlackRock Inc. boosted its holdings in Home Bancorp by 2.1% in the 3rd quarter. BlackRock Inc. now owns 396,662 shares of the bank’s stock worth $17,247,000 after buying an additional 8,280 shares during the period. Finally, MetLife Investment Advisors LLC boosted its holdings in Home Bancorp by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 4,791 shares of the bank’s stock worth $208,000 after buying an additional 1,705 shares during the period. Institutional investors own 37.58% 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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