Home Bancorp, Inc. (HBCP) Expected to Announce Quarterly Sales of $19.33 Million

Wall Street brokerages forecast that Home Bancorp, Inc. (NASDAQ:HBCP) will post sales of $19.33 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Home Bancorp’s earnings, with the highest sales estimate coming in at $20.26 million and the lowest estimate coming in at $18.40 million. Home Bancorp posted sales of $18.23 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6%. The business is scheduled to issue its next quarterly earnings results on Tuesday, January 23rd.

According to Zacks, analysts expect that Home Bancorp will report full year sales of $19.33 million for the current year, with estimates ranging from $73.60 million to $75.49 million. For the next year, analysts anticipate that the company will post sales of $100.39 million per share, with estimates ranging from $98.10 million to $102.68 million. Zacks Investment Research’s sales 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, October 24th. The bank reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.04). Home Bancorp had a net margin of 22.54% and a return on equity of 9.72%. The company had revenue of $18.25 million for the quarter, compared to analysts’ expectations of $18.54 million.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Home Bancorp from a “hold” rating to a “strong-buy” rating and set a $48.00 price objective for the company in a report on Wednesday, September 27th. BidaskClub upgraded shares of Home Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, December 9th. Finally, Sandler O’Neill restated a “hold” rating and set a $46.00 target price on shares of Home Bancorp in a research report on Wednesday, October 18th. Five equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $47.00.

In other Home Bancorp news, insider John W. Bordelon sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $42.75, for a total value of $299,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Bordelon sold 15,578 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $43.59, for a total transaction of $679,045.02. The disclosure for this sale can be found here. Insiders have sold 30,000 shares of company stock valued at $1,301,152 over the last 90 days. 15.50% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of Home Bancorp during the third quarter worth $147,000. JPMorgan Chase & Co. bought a new position in shares of Home Bancorp during the third quarter worth $165,000. Wells Fargo & Company MN boosted its position in shares of Home Bancorp by 3.1% during the second quarter. Wells Fargo & Company MN now owns 4,438 shares of the bank’s stock worth $189,000 after acquiring an additional 133 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Home Bancorp by 105.4% during the second quarter. Russell Investments Group Ltd. now owns 4,930 shares of the bank’s stock worth $210,000 after acquiring an additional 2,530 shares during the last quarter. Finally, Green Square Capital LLC bought a new position in shares of Home Bancorp during the second quarter worth $228,000. Institutional investors and hedge funds own 42.13% of the company’s stock.

Home Bancorp (HBCP) opened at $43.19 on Friday. 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 firm has a market cap of $321.95, a P/E ratio of 17.49 and a beta of 0.12.

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Home Bancorp Company Profile

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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