$25.12 Million in Sales Expected for Home Bancorp, Inc. (NASDAQ:HBCP) This Quarter

Equities research analysts forecast that Home Bancorp, Inc. (NASDAQ:HBCP) will report sales of $25.12 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Home Bancorp’s earnings, with the lowest sales estimate coming in at $24.80 million and the highest estimate coming in at $25.67 million. Home Bancorp posted sales of $24.85 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.1%. The business is expected to report 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 year, with estimates ranging from $98.40 million to $108.07 million. For the next financial year, analysts expect that the company will report sales of $99.42 million, with estimates ranging from $97.30 million to $101.75 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 posted 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%.

HBCP has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Home Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, May 20th. Raymond James downgraded shares of Home Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 17th. Piper Sandler upped their target price on shares of Home Bancorp from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, ValuEngine downgraded shares of Home Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Home Bancorp presently has a consensus rating of “Hold” and an average target price of $37.88.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted 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 valued at $1,162,000 after purchasing an additional 41,990 shares during the last quarter. Rhumbline Advisers boosted 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 valued at $415,000 after purchasing an additional 4,600 shares during the last quarter. Citigroup Inc. boosted 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 valued at $57,000 after purchasing an additional 818 shares during the last quarter. Bank of New York Mellon Corp boosted 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 valued at $2,357,000 after purchasing an additional 11,459 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted 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 valued at $404,000 after purchasing an additional 2,197 shares during the last quarter. 40.04% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:HBCP traded up $0.88 during midday trading on Friday, hitting $25.19. The company had a trading volume of 13,900 shares, compared to its average volume of 23,916. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.96. The company has a market cap of $220.99 million, a price-to-earnings ratio of 10.50 and a beta of 0.65. Home Bancorp has a 12-month low of $18.57 and a 12-month high of $40.80. The company has a fifty day moving average of $24.12 and a two-hundred day moving average of $30.27.

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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