Equities research analysts expect that Home Bancorp, Inc. (NASDAQ:HBCP) will announce sales of $26.23 million for the current fiscal quarter, Zacks Investment Research 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 posted sales of $22.71 million in the same quarter last year, which suggests 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 fiscal year, analysts expect that the firm will post sales of $103.34 million, with estimates ranging from $101.79 million to $104.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Home Bancorp.
Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Tuesday, October 23rd. The bank reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.02). Home Bancorp had a return on equity of 11.17% and a net margin of 24.90%. The business had revenue of $26.85 million for the quarter, compared to analyst estimates of $26.41 million.
A number of research analysts have recently issued reports on the company. Zacks Investment Research lowered Home Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, October 25th. BidaskClub lowered Home Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mackay Shields LLC acquired a new position in Home Bancorp in the 2nd quarter valued at $214,000. Russell Investments Group Ltd. raised its stake in Home Bancorp by 53.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,332 shares of the bank’s stock valued at $295,000 after purchasing an additional 2,200 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Home Bancorp by 33.0% in the 1st quarter. JPMorgan Chase & Co. now owns 7,056 shares of the bank’s stock valued at $305,000 after purchasing an additional 1,750 shares during the last quarter. Rhumbline Advisers raised its stake in Home Bancorp by 48.3% in the 2nd quarter. Rhumbline Advisers now owns 7,599 shares of the bank’s stock valued at $354,000 after purchasing an additional 2,475 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Home Bancorp by 13.3% in the 1st quarter. Wells Fargo & Company MN now owns 10,104 shares of the bank’s stock valued at $437,000 after purchasing an additional 1,188 shares during the last quarter. 39.01% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:HBCP opened at $39.56 on Friday. Home Bancorp has a 12-month low of $34.12 and a 12-month high of $48.47. The company has a market cap of $375.96 million, a price-to-earnings ratio of 14.28 and a beta of 0.23. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Monday, November 5th will be paid a $0.20 dividend. This is an increase from Home Bancorp’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Friday, November 2nd. Home Bancorp’s dividend payout ratio is currently 28.88%.
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.
See Also: Fundamental Analysis
Get a free copy of the Zacks research report on Home Bancorp (HBCP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Home Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.