Home Bancorp, Inc. (NASDAQ:HBCP) Expected to Post Earnings of $1.01 Per Share

Brokerages forecast that Home Bancorp, Inc. (NASDAQ:HBCPGet Rating) will post earnings per share of $1.01 for the current quarter, according to Zacks. Three analysts have issued estimates for Home Bancorp’s earnings, with estimates ranging from $0.97 to $1.05. Home Bancorp reported earnings per share of $1.34 during the same quarter last year, which suggests a negative year-over-year growth rate of 24.6%. The company is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Home Bancorp will report full-year earnings of $4.11 per share for the current financial year, with EPS estimates ranging from $4.02 to $4.20. For the next year, analysts expect that the business will report earnings of $4.70 per share, with EPS estimates ranging from $4.30 to $5.05. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Home Bancorp.

Home Bancorp (NASDAQ:HBCPGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The bank reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.21). The business had revenue of $26.90 million for the quarter, compared to analyst estimates of $26.88 million. Home Bancorp had a return on equity of 11.99% and a net margin of 34.21%.

A number of brokerages recently issued reports on HBCP. StockNews.com downgraded Home Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research downgraded shares of Home Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. Finally, DA Davidson raised shares of Home Bancorp from a “neutral” rating to a “buy” rating and set a $44.50 target price on the stock in a research note on Wednesday. They noted that the move was a valuation call.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG increased its stake in Home Bancorp by 5.2% during the 4th quarter. Deutsche Bank AG now owns 5,048 shares of the bank’s stock worth $210,000 after buying an additional 251 shares during the period. Lazard Asset Management LLC increased its position in shares of Home Bancorp by 70.7% in the 4th quarter. Lazard Asset Management LLC now owns 780 shares of the bank’s stock valued at $32,000 after purchasing an additional 323 shares during the last quarter. Royal Bank of Canada increased its position in shares of Home Bancorp by 10.8% in the 3rd quarter. Royal Bank of Canada now owns 4,015 shares of the bank’s stock valued at $156,000 after purchasing an additional 392 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Home Bancorp by 6.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,543 shares of the bank’s stock valued at $308,000 after purchasing an additional 437 shares during the last quarter. Finally, Spire Wealth Management increased its position in shares of Home Bancorp by 0.5% in the 4th quarter. Spire Wealth Management now owns 86,287 shares of the bank’s stock valued at $3,582,000 after purchasing an additional 452 shares during the last quarter. 47.43% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:HBCP opened at $35.43 on Friday. The business has a 50-day moving average price of $37.66 and a 200 day moving average price of $39.87. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $295.73 million, a price-to-earnings ratio of 7.25 and a beta of 0.74. Home Bancorp has a 12-month low of $33.16 and a 12-month high of $45.73.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 20th. Investors of record on Monday, May 9th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Friday, May 6th. Home Bancorp’s payout ratio is currently 18.81%.

Home Bancorp Company Profile (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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Earnings History and Estimates for Home Bancorp (NASDAQ:HBCP)

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