Analysts Expect Home Bancorp, Inc. (NASDAQ:HBCP) Will Post Earnings of $0.77 Per Share

Analysts expect Home Bancorp, Inc. (NASDAQ:HBCP) to announce earnings of $0.77 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Home Bancorp’s earnings. The lowest EPS estimate is $0.76 and the highest is $0.78. Home Bancorp reported earnings per share of $0.93 during the same quarter last year, which would suggest a negative year over year growth rate of 17.2%. The business is scheduled to issue its next earnings results on Tuesday, July 23rd.

On average, analysts expect that Home Bancorp will report full-year earnings of $3.13 per share for the current fiscal year, with EPS estimates ranging from $3.10 to $3.15. For the next financial year, analysts anticipate that the company will report earnings of $3.00 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Home Bancorp.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Tuesday, April 23rd. The bank reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.07. Home Bancorp had a net margin of 27.58% and a return on equity of 10.99%. The business had revenue of $24.89 million for the quarter, compared to the consensus estimate of $25.25 million.

Several equities research analysts have recently weighed in on the stock. BidaskClub downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th. ValuEngine downgraded shares of Valero Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Finally, Zacks Investment Research downgraded shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th.

In related news, insider John W. Bordelon sold 1,369 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $36.26, for a total value of $49,639.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Chris P. Rader purchased 1,000 shares of Home Bancorp stock in a transaction that occurred on Friday, June 7th. The stock was bought at an average cost of $35.90 per share, for a total transaction of $35,900.00. The disclosure for this purchase can be found here. Company insiders own 12.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in Home Bancorp by 2.8% during the 4th quarter. BlackRock Inc. now owns 407,773 shares of the bank’s stock worth $14,436,000 after acquiring an additional 11,111 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Home Bancorp by 11.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 187,602 shares of the bank’s stock worth $6,641,000 after acquiring an additional 19,872 shares in the last quarter. Geode Capital Management LLC grew its holdings in Home Bancorp by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 74,855 shares of the bank’s stock worth $2,649,000 after acquiring an additional 4,230 shares in the last quarter. Context BH Capital Management LP grew its holdings in Home Bancorp by 7.3% during the 1st quarter. Context BH Capital Management LP now owns 56,472 shares of the bank’s stock worth $1,878,000 after acquiring an additional 3,834 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Home Bancorp by 5.2% during the 4th quarter. Bank of New York Mellon Corp now owns 54,820 shares of the bank’s stock worth $1,940,000 after acquiring an additional 2,731 shares in the last quarter. 36.79% of the stock is currently owned by institutional investors.

Shares of HBCP traded down $0.23 during midday trading on Friday, hitting $36.60. The stock had a trading volume of 220 shares, compared to its average volume of 11,928. Home Bancorp has a 1 year low of $32.59 and a 1 year high of $47.04. The stock has a market capitalization of $348.06 million, a price-to-earnings ratio of 10.35 and a beta of 0.38. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $36.53.

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.

Read More: How can you know how many shares are floating?

Get a free copy of the Zacks research report on Home Bancorp (HBCP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Home Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.