Brokerages Expect Home Bancorp, Inc. (HBCP) Will Post Earnings of $0.85 Per Share

Analysts expect that Home Bancorp, Inc. (NASDAQ:HBCP) will post $0.85 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have provided estimates for Home Bancorp’s earnings. The lowest EPS estimate is $0.82 and the highest is $0.88. Home Bancorp posted earnings of $0.84 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 1.2%. The business is expected to report its next earnings report on Tuesday, January 29th.

On average, analysts expect that Home Bancorp will report full-year earnings of $3.55 per share for the current financial year, with EPS estimates ranging from $3.52 to $3.58. For the next financial year, analysts forecast that the business will post earnings of $3.43 per share, with EPS estimates ranging from $3.30 to $3.55. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Home Bancorp.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Tuesday, October 23rd. The bank reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). Home Bancorp had a return on equity of 11.05% and a net margin of 24.90%. The business had revenue of $26.85 million for the quarter, compared to the consensus estimate of $26.41 million.

Several equities analysts have recently commented on the company. BidaskClub upgraded Home Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. ValuEngine lowered Home Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Finally, Zacks Investment Research upgraded Home Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday.

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in Home Bancorp by 37.1% in the second quarter. BlackRock Inc. now owns 388,382 shares of the bank’s stock valued at $18,080,000 after purchasing an additional 105,135 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Home Bancorp by 27.2% in the second quarter. Dimensional Fund Advisors LP now owns 145,472 shares of the bank’s stock valued at $6,772,000 after purchasing an additional 31,126 shares during the last quarter. Millennium Management LLC purchased a new position in Home Bancorp in the first quarter valued at about $1,249,000. Renaissance Technologies LLC grew its stake in Home Bancorp by 11.5% in the second quarter. Renaissance Technologies LLC now owns 235,300 shares of the bank’s stock valued at $10,953,000 after purchasing an additional 24,200 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Home Bancorp by 18.3% in the second quarter. Northern Trust Corp now owns 91,323 shares of the bank’s stock valued at $4,251,000 after purchasing an additional 14,155 shares during the last quarter. Hedge funds and other institutional investors own 39.09% of the company’s stock.

Shares of NASDAQ:HBCP remained flat at $$37.98 on Friday. The stock had a trading volume of 15,791 shares, compared to its average volume of 9,153. Home Bancorp has a fifty-two week low of $34.12 and a fifty-two week high of $48.47. The company has a market capitalization of $360.06 million, a P/E ratio of 13.71 and a beta of 0.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 0.97.

The company also recently declared a quarterly dividend, which was paid on Friday, November 16th. Stockholders of record on Monday, November 5th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $0.80 annualized dividend and a dividend yield of 2.11%. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.19. Home Bancorp’s dividend payout ratio (DPR) is currently 28.88%.

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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