Home Bancorp (NASDAQ:HBCP) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

by · The Markets Daily

Home Bancorp (NASDAQ:HBCP – Get Free Report) released its earnings results on Monday. The bank reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07, Zacks reports. Home Bancorp had a return on equity of 10.87% and a net margin of 21.32%.

Home Bancorp Trading Up 0.2%

HBCP stock traded up $0.15 on Monday, reaching $60.47. The company’s stock had a trading volume of 35,769 shares, compared to its average volume of 27,879. The firm has a market cap of $473.36 million, a PE ratio of 10.76 and a beta of 0.60. The business has a fifty day simple moving average of $58.33 and a two-hundred day simple moving average of $55.82. Home Bancorp has a 12-month low of $39.59 and a 12-month high of $64.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 0.97.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HBCP shares. Weiss Ratings restated a “buy (b)” rating on shares of Home Bancorp in a research report on Monday, December 29th. Zacks Research lowered shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.50.

Check Out Our Latest Research Report on HBCP

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of Home Bancorp in the 2nd quarter worth about $46,000. Tower Research Capital LLC TRC raised its stake in Home Bancorp by 116.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock worth $74,000 after buying an additional 769 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Home Bancorp in the second quarter worth about $235,000. Algert Global LLC purchased a new stake in Home Bancorp in the third quarter worth about $250,000. Finally, Royal Bank of Canada boosted its position in Home Bancorp by 11.8% during the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock valued at $258,000 after acquiring an additional 607 shares in the last quarter. 49.41% of the stock is currently owned by institutional investors.

About Home Bancorp

(Get Free Report)

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.

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