Home Bancorp (NASDAQ:HBCP) Releases Earnings Results, Misses Expectations By $0.06 EPS

Home Bancorp (NASDAQ:HBCP – Get Rating) posted its earnings results on Tuesday. The bank reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06), Yahoo Finance reports. Home Bancorp had a return on equity of 11.49% and a net margin of 25.95%. The company had revenue of $39.93 million for the quarter, compared to analyst estimates of $36.90 million.

Home Bancorp Trading Down 0.3 %

Shares of HBCP stock traded down $0.13 during trading hours on Wednesday, hitting $39.07. 5,377 shares of the company’s stock traded hands, compared to its average volume of 6,698. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.25. Home Bancorp has a 12 month low of $33.16 and a 12 month high of $43.73. The stock has a market cap of $323.50 million, a PE ratio of 9.60 and a beta of 0.69. The stock’s 50 day simple moving average is $41.08 and its 200 day simple moving average is $40.10.

Home Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 17th. Investors of record on Monday, February 6th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, February 3rd. This is an increase from Home Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 2.56%. Home Bancorp’s dividend payout ratio (DPR) is currently 23.59%.

Wall Street Analysts Forecast Growth

Several research firms have commented on HBCP. StockNews.com lowered shares of Home Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 10th. Piper Sandler upped their price objective on shares of Home Bancorp to $51.00 in a research report on Thursday, September 29th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in Home Bancorp by 3.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 50,190 shares of the bank’s stock worth $1,957,000 after purchasing an additional 1,891 shares during the last quarter. BNP Paribas Arbitrage SNC boosted its position in Home Bancorp by 99.4% during the third quarter. BNP Paribas Arbitrage SNC now owns 3,699 shares of the bank’s stock valued at $144,000 after acquiring an additional 1,844 shares during the last quarter. Alliancebernstein L.P. bought a new position in shares of Home Bancorp in the 3rd quarter worth about $211,000. Royal Bank of Canada lifted its stake in shares of Home Bancorp by 7.3% in the 3rd quarter. Royal Bank of Canada now owns 5,089 shares of the bank’s stock valued at $198,000 after purchasing an additional 347 shares during the period. Finally, Envestnet Asset Management Inc. bought a new stake in Home Bancorp in the third quarter worth approximately $971,000. 39.09% of the stock is owned by institutional investors.

Home Bancorp Company Profile

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Home Bancorp, Inc operates as a bank holding company. Its subsidiary, Home Bank, N.A., offers a full range of deposit and loan products through banking centers in South Louisiana and Western Mississippi. The company was founded in 2008 and is headquartered in Lafayette, LA.