Analysts Expect Home Bancorp, Inc. (NASDAQ:HBCP) Will Announce Quarterly Sales of $25.12 Million

Wall Street analysts expect Home Bancorp, Inc. (NASDAQ:HBCP) to post sales of $25.12 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Home Bancorp’s earnings. The highest sales estimate is $25.67 million and the lowest is $24.80 million. Home Bancorp posted sales of $24.85 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.1%. The firm is expected to announce its next earnings report on Tuesday, July 28th.

On average, analysts expect that Home Bancorp will report full-year sales of $102.96 million for the current fiscal year, with estimates ranging from $98.40 million to $108.07 million. For the next financial year, analysts expect that the company will post sales of $99.42 million, with estimates ranging from $97.30 million to $101.75 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Home Bancorp.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings data on Tuesday, April 28th. The bank reported $0.21 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.47). The company had revenue of $24.68 million during the quarter, compared to analysts’ expectations of $24.36 million. Home Bancorp had a return on equity of 7.09% and a net margin of 18.81%.

Several brokerages have recently commented on HBCP. Piper Sandler increased their price objective on Home Bancorp from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. ValuEngine downgraded Home Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, April 23rd. Zacks Investment Research raised Home Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Raymond James downgraded Home Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 17th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Home Bancorp has a consensus rating of “Hold” and a consensus target price of $37.88.

Shares of Home Bancorp stock traded up $0.88 on Friday, hitting $25.19. The company had a trading volume of 13,900 shares, compared to its average volume of 23,916. The stock has a market capitalization of $220.99 million, a price-to-earnings ratio of 10.50 and a beta of 0.65. Home Bancorp has a 1 year low of $18.57 and a 1 year high of $40.80. The stock has a 50 day moving average of $24.12 and a 200-day moving average of $30.27. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.96 and a current ratio of 0.97.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. grew its holdings in Home Bancorp by 53.4% during the first quarter. Citigroup Inc. now owns 2,351 shares of the bank’s stock valued at $57,000 after purchasing an additional 818 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Home Bancorp by 27.2% in the first quarter. BNP Paribas Arbitrage SA now owns 2,393 shares of the bank’s stock worth $58,000 after acquiring an additional 512 shares during the period. Zebra Capital Management LLC boosted its stake in Home Bancorp by 8.0% during the fourth quarter. Zebra Capital Management LLC now owns 5,620 shares of the bank’s stock valued at $220,000 after buying an additional 417 shares during the period. Two Sigma Advisers LP boosted its stake in Home Bancorp by 51.7% during the first quarter. Two Sigma Advisers LP now owns 9,100 shares of the bank’s stock valued at $222,000 after buying an additional 3,100 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Home Bancorp by 32.9% during the first quarter. Alliancebernstein L.P. now owns 9,700 shares of the bank’s stock valued at $237,000 after buying an additional 2,400 shares during the period. 40.04% of the stock is owned by institutional investors and hedge funds.

About Home Bancorp

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.

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

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