Home Bancorp, Inc. (HBCP) Expected to Announce Quarterly Sales of $25.03 Million

Analysts expect that Home Bancorp, Inc. (NASDAQ:HBCP) will announce $25.03 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Home Bancorp’s earnings, with estimates ranging from $24.90 million to $25.15 million. Home Bancorp reported sales of $18.80 million in the same quarter last year, which indicates a positive year-over-year growth rate of 33.1%. The business is expected to report its next quarterly earnings results on Tuesday, April 24th.

On average, analysts expect that Home Bancorp will report full-year sales of $25.03 million for the current financial year, with estimates ranging from $101.50 million to $101.99 million. For the next financial year, analysts expect that the company will post sales of $102.90 million per share, with estimates ranging from $101.80 million to $104.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Home Bancorp.

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

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Home Bancorp from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, January 16th. BidaskClub raised shares of Home Bancorp from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. ValuEngine raised shares of Home Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Sandler O’Neill reissued a “hold” rating and set a $46.00 price target on shares of Home Bancorp in a research report on Wednesday, October 18th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $47.00.

In other news, Director Kathy J. Bobbs purchased 600 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was acquired at an average price of $43.09 per share, with a total value of $25,854.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Chris P. Rader purchased 2,378 shares of the company’s stock in a transaction on Monday, February 5th. The shares were purchased at an average cost of $41.95 per share, with a total value of $99,757.10. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,704 shares of company stock valued at $156,139 in the last three months. 15.50% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in Home Bancorp by 3.1% during the 2nd quarter. Wells Fargo & Company MN now owns 4,438 shares of the bank’s stock valued at $189,000 after buying an additional 133 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Home Bancorp by 0.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 49,973 shares of the bank’s stock valued at $2,125,000 after buying an additional 158 shares during the period. Dimensional Fund Advisors LP boosted its position in Home Bancorp by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 96,906 shares of the bank’s stock valued at $4,120,000 after buying an additional 324 shares during the period. Teachers Advisors LLC boosted its position in Home Bancorp by 4.8% during the 2nd quarter. Teachers Advisors LLC now owns 10,348 shares of the bank’s stock valued at $440,000 after buying an additional 477 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Home Bancorp by 14.6% in 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 period. 33.96% of the stock is owned by institutional investors and hedge funds.

Home Bancorp (HBCP) opened at $40.25 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. Home Bancorp has a twelve month low of $32.52 and a twelve month high of $47.20. The company has a market cap of $378.17, a price-to-earnings ratio of 16.70 and a beta of 0.07.

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

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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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