$24.92 Million in Sales Expected for Home Bancorp, Inc. (NASDAQ:HBCP) This Quarter
Brokerages expect Home Bancorp, Inc. (NASDAQ:HBCP) to post $24.92 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Home Bancorp’s earnings. The highest sales estimate is $25.13 million and the lowest is $24.70 million. Home Bancorp reported sales of $26.68 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.6%. The company is expected to report its next earnings results on Tuesday, July 23rd.
According to Zacks, analysts expect that Home Bancorp will report full-year sales of $100.22 million for the current fiscal year, with estimates ranging from $99.50 million to $100.93 million. For the next financial year, analysts forecast that the firm will post sales of $100.36 million, with estimates ranging from $98.60 million to $102.12 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Home Bancorp.
Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The firm had revenue of $24.89 million during the quarter, compared to analysts’ expectations of $25.25 million. Home Bancorp had a return on equity of 10.99% and a net margin of 27.58%.
In other news, insider John W. Bordelon sold 1,369 shares of Home Bancorp stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $36.26, for a total value of $49,639.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Chris P. Rader purchased 1,000 shares of the stock in a transaction dated Friday, June 7th. The stock was purchased 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. 12.40% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Royce & Associates LP purchased a new stake in Home Bancorp in the first quarter valued at $25,000. BNP Paribas Arbitrage SA raised its position in Home Bancorp by 517.7% in the first quarter. BNP Paribas Arbitrage SA now owns 1,637 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,372 shares during the period. Citigroup Inc. raised its position in Home Bancorp by 16.3% in the fourth quarter. Citigroup Inc. now owns 2,430 shares of the bank’s stock valued at $86,000 after purchasing an additional 340 shares during the period. Metropolitan Life Insurance Co. NY raised its position in Home Bancorp by 436.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,581 shares of the bank’s stock valued at $91,000 after purchasing an additional 2,100 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Home Bancorp in the first quarter valued at $122,000. Hedge funds and other institutional investors own 36.79% of the company’s stock.
Home Bancorp stock traded down $0.59 during midday trading on Friday, reaching $35.77. The company’s stock had a trading volume of 14,382 shares, compared to its average volume of 12,238. The stock’s 50-day simple moving average is $36.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.97 and a quick ratio of 0.97. Home Bancorp has a 52-week low of $32.59 and a 52-week high of $47.04. The firm has a market capitalization of $338.87 million, a PE ratio of 10.05 and a beta of 0.38.
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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