Brokerages Expect Home Bancorp, Inc. (NASDAQ:HBCP) Will Post Earnings of $0.52 Per Share

Analysts expect that Home Bancorp, Inc. (NASDAQ:HBCP) will report earnings of $0.52 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Home Bancorp’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.59. Home Bancorp reported earnings of $0.71 per share in the same quarter last year, which would suggest a negative year over year growth rate of 26.8%. The firm is scheduled to announce its next earnings results on Tuesday, July 28th.

On average, analysts expect that Home Bancorp will report full-year earnings of $2.06 per share for the current financial year, with EPS estimates ranging from $1.52 to $2.45. For the next fiscal year, analysts forecast that the business will report earnings of $2.10 per share, with EPS estimates ranging from $1.35 to $2.53. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Home Bancorp.

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

A number of equities research analysts have issued reports on HBCP shares. Zacks Investment Research raised Home Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Piper Sandler upped their target price on Home Bancorp from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Raymond James cut Home Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 17th. Finally, ValuEngine cut Home Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $37.88.

Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in shares of Home Bancorp by 739.4% during the 1st quarter. Russell Investments Group Ltd. now owns 47,669 shares of the bank’s stock worth $1,162,000 after purchasing an additional 41,990 shares during the period. Rhumbline Advisers increased its holdings in shares of Home Bancorp by 37.1% during the 1st quarter. Rhumbline Advisers now owns 16,991 shares of the bank’s stock worth $415,000 after purchasing an additional 4,600 shares during the period. Citigroup Inc. increased its holdings in shares of Home Bancorp by 53.4% during the 1st quarter. Citigroup Inc. now owns 2,351 shares of the bank’s stock worth $57,000 after purchasing an additional 818 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Home Bancorp by 23.5% during the 4th quarter. Bank of New York Mellon Corp now owns 60,134 shares of the bank’s stock worth $2,357,000 after purchasing an additional 11,459 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Home Bancorp by 27.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 10,313 shares of the bank’s stock worth $404,000 after purchasing an additional 2,197 shares during the period. Institutional investors own 40.04% of the company’s stock.

Home Bancorp stock traded up $0.88 during trading hours on Friday, reaching $25.19. 13,900 shares of the company were exchanged, compared to its average volume of 23,916. The firm has a market cap of $220.99 million, a price-to-earnings ratio of 10.50 and a beta of 0.65. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average of $24.12 and a 200 day moving average of $30.27. Home Bancorp has a 12 month low of $18.57 and a 12 month high of $40.80.

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.

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

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