DA Davidson Analysts Cut Earnings Estimates for Home Bancorp, Inc. (NASDAQ:HBCP)

Posted by Defense World Staff on Apr 7th, 2023

Home Bancorp, Inc. (NASDAQ:HBCP – Get Rating) – Stock analysts at DA Davidson decreased their Q1 2023 EPS estimates for Home Bancorp in a research report issued to clients and investors on Wednesday, April 5th. DA Davidson analyst K. Fitzsimmons now expects that the bank will earn $1.28 per share for the quarter, down from their previous forecast of $1.34. The consensus estimate for Home Bancorp’s current full-year earnings is $4.80 per share. DA Davidson also issued estimates for Home Bancorp’s FY2023 earnings at $4.82 EPS.

Several other equities analysts have also recently issued reports on HBCP. Raymond James initiated coverage on shares of Home Bancorp in a research report on Monday, March 20th. They issued a “market perform” rating for the company. StockNews.com lowered shares of Home Bancorp from a “buy” rating to a “hold” rating in a research note on Sunday, March 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.17.

Home Bancorp Price Performance

HBCP stock opened at $32.50 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.23. Home Bancorp has a 12 month low of $31.86 and a 12 month high of $43.45. The firm has a market cap of $269.36 million, a P/E ratio of 7.81 and a beta of 0.65. The company’s 50-day moving average price is $36.81 and its two-hundred day moving average price is $39.43.

Home Bancorp (NASDAQ:HBCP – Get Rating) last announced its quarterly earnings results on Tuesday, January 24th. The bank reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06). The firm had revenue of $39.93 million during the quarter, compared to analyst estimates of $36.90 million. Home Bancorp had a net margin of 24.37% and a return on equity of 11.85%.

Home Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 17th. Stockholders of record on Monday, February 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Friday, February 3rd. This is a boost from Home Bancorp’s previous quarterly dividend of $0.24. Home Bancorp’s payout ratio is 24.04%.

Hedge Funds Weigh In On Home Bancorp

A number of hedge funds have recently bought and sold shares of HBCP. UBS Group AG increased its holdings in Home Bancorp by 119.7% in the 4th quarter. UBS Group AG now owns 2,513 shares of the bank’s stock worth $101,000 after acquiring an additional 1,369 shares in the last quarter. Barclays PLC boosted its stake in Home Bancorp by 468.7% in the 4th quarter. Barclays PLC now owns 1,962 shares of the bank’s stock worth $79,000 after purchasing an additional 1,617 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Home Bancorp by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 362,882 shares of the bank’s stock valued at $14,527,000 after acquiring an additional 4,900 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Home Bancorp by 1.7% during the 4th quarter. Russell Investments Group Ltd. now owns 34,817 shares of the bank’s stock valued at $1,394,000 after acquiring an additional 575 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Home Bancorp during the 4th quarter valued at approximately $107,000. Hedge funds and other institutional investors own 39.09% of the company’s stock.

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.