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

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 announced its quarterly earnings results on Tuesday, April 28th. The bank reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate 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 the consensus estimate of $24.36 million.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HBCP. Citigroup Inc. increased its holdings in Home Bancorp by 53.4% in the first quarter. Citigroup Inc. now owns 2,351 shares of the bank’s stock valued at $57,000 after buying an additional 818 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Home Bancorp by 27.2% in the first quarter. BNP Paribas Arbitrage SA now owns 2,393 shares of the bank’s stock valued at $58,000 after buying an additional 512 shares in the last quarter. Zebra Capital Management LLC increased its holdings in Home Bancorp by 8.0% in 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 in the last quarter. Two Sigma Advisers LP increased its holdings in Home Bancorp by 51.7% in 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 in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Home Bancorp by 32.9% in 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 in the last quarter. 40.04% of the stock is owned by institutional investors.

Shares of Home Bancorp stock traded up $0.88 during trading on Friday, hitting $25.19. 13,900 shares of the company’s stock were exchanged, compared to its average volume of 23,916. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.96 and a current ratio of 0.97. The business has a 50-day simple moving average of $24.12 and a 200-day simple moving average of $30.27. Home Bancorp has a 52-week low of $18.57 and a 52-week high of $40.80. The stock has a market capitalization of $220.99 million, a price-to-earnings ratio of 10.50 and a beta of 0.65.

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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