Home Bancorp, Inc. (NASDAQ:HBCP) Expected to Announce Quarterly Sales of $26.88 Million

Brokerages expect Home Bancorp, Inc. (NASDAQ:HBCP – Get Rating) to report $26.88 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Home Bancorp’s earnings. The highest sales estimate is $27.60 million and the lowest is $26.50 million. Home Bancorp posted sales of $29.16 million in the same quarter last year, which suggests a negative year over year growth rate of 7.8%. The firm is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Home Bancorp will report full year sales of $124.54 million for the current year, with estimates ranging from $119.63 million to $127.10 million. For the next financial year, analysts anticipate that the firm will report sales of $136.70 million, with estimates ranging from $129.10 million to $146.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Home Bancorp.

Home Bancorp (NASDAQ:HBCP – Get Rating) last issued its quarterly earnings data on Tuesday, January 25th. The bank reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. Home Bancorp had a return on equity of 14.27% and a net margin of 39.47%. The business had revenue of $28.18 million during the quarter, compared to analyst estimates of $28.82 million.

Several brokerages recently issued reports on HBCP. Zacks Investment Research upgraded Home Bancorp from a “sell” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Friday, April 1st. StockNews.com began coverage on Home Bancorp in a research report on Thursday, March 31st. They set a “buy” rating for the company.

In other news, Director John Scott Ballard purchased 3,750 shares of Home Bancorp stock in a transaction on Monday, January 31st. The stock was purchased at an average price of $40.03 per share, with a total value of $150,112.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. American Century Companies Inc. raised its stake in shares of Home Bancorp by 15.6% during the 3rd quarter. American Century Companies Inc. now owns 16,012 shares of the bank’s stock worth $619,000 after purchasing an additional 2,158 shares in the last quarter. Mendon Capital Advisors Corp bought a new stake in Home Bancorp in the 3rd quarter valued at $290,000. Spire Wealth Management raised its stake in Home Bancorp by 0.6% in the 3rd quarter. Spire Wealth Management now owns 85,835 shares of the bank’s stock valued at $3,320,000 after acquiring an additional 509 shares during the period. Metropolitan Life Insurance Co NY bought a new stake in Home Bancorp in the 3rd quarter valued at $81,000. Finally, Marshall Wace LLP bought a new stake in Home Bancorp in the 3rd quarter valued at $271,000. Institutional investors own 39.41% of the company’s stock.

Shares of HBCP traded up $0.27 on Monday, hitting $39.96. The company’s stock had a trading volume of 16,021 shares, compared to its average volume of 17,825. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.07. The firm’s fifty day moving average price is $39.86 and its 200-day moving average price is $40.86. Home Bancorp has a fifty-two week low of $35.05 and a fifty-two week high of $45.73. The firm has a market capitalization of $338.94 million, a price-to-earnings ratio of 6.93 and a beta of 0.74.

The company also recently declared a quarterly dividend, which was paid on Friday, February 18th. Shareholders of record on Monday, February 7th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Friday, February 4th. Home Bancorp’s dividend payout ratio (DPR) is currently 15.94%.

About Home Bancorp (Get Rating)

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana and Mississippi. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.

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