Zacks: Brokerages Expect Home Bancorp, Inc. (HBCP) to Post $0.69 EPS

Analysts forecast that Home Bancorp, Inc. (NASDAQ:HBCP) will announce $0.69 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Home Bancorp’s earnings. The highest EPS estimate is $0.85 and the lowest is $0.52. Home Bancorp posted earnings of $0.66 per share in the same quarter last year, which would indicate a positive year over year growth rate of 4.5%. The firm is scheduled to announce its next earnings report on Tuesday, April 24th.

On average, analysts expect that Home Bancorp will report full year earnings of $3.11 per share for the current year, with EPS estimates ranging from $2.66 to $3.55. For the next year, analysts forecast that the business will post earnings of $3.45 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Home Bancorp.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings data on Tuesday, January 30th. The bank reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.21. The company had revenue of $22.71 million for the quarter, compared to analyst estimates of $19.33 million. Home Bancorp had a net margin of 21.08% and a return on equity of 10.82%.

Several brokerages have issued reports on HBCP. Zacks Investment Research upgraded shares of Home Bancorp from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Tuesday, January 16th. BidaskClub upgraded shares of Home Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. ValuEngine upgraded shares of Home Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $46.00 price target on shares of Home Bancorp in a research note on Wednesday, October 18th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Home Bancorp currently has a consensus rating of “Hold” and an average price target of $47.00.

Home Bancorp (NASDAQ:HBCP) opened at $40.25 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.99. Home Bancorp has a 52 week low of $32.52 and a 52 week high of $47.20. The firm has a market cap of $302.31, a PE ratio of 16.70 and a beta of 0.18.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Tuesday, February 6th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, February 5th. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 1.49%. Home Bancorp’s payout ratio is currently 24.90%.

In other news, insider John W. Bordelon sold 7,422 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $43.50, for a total transaction of $322,857.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kathy J. Bobbs acquired 600 shares of the stock in a transaction dated Thursday, December 14th. The shares were purchased at an average price of $43.09 per share, for a total transaction of $25,854.00. The disclosure for this purchase can be found here. Insiders have bought a total of 3,704 shares of company stock worth $156,139 over the last 90 days. 15.50% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Home Bancorp during the 3rd quarter worth about $147,000. Bank of Montreal Can acquired a new position in shares of Home Bancorp during the 4th quarter worth about $148,000. JPMorgan Chase & Co. acquired a new position in shares of Home Bancorp during the 3rd quarter worth about $165,000. Wells Fargo & Company MN increased its stake in shares of Home Bancorp by 3.1% during the 2nd quarter. Wells Fargo & Company MN now owns 4,438 shares of the bank’s stock worth $189,000 after purchasing an additional 133 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Home Bancorp by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,812 shares of the bank’s stock worth $290,000 after purchasing an additional 866 shares during the last quarter. Institutional investors own 43.20% of the company’s stock.

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About Home Bancorp

Home Bancorp, Inc is a bank holding company for Home Bank, N.A. (the Bank). The Bank conducts business through banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi.

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

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