Home Bancorp, Inc. (NASDAQ:HBCP – Free Report) – Investment analysts at DA Davidson cut their Q3 2023 earnings per share estimates for shares of Home Bancorp in a research note issued on Tuesday, October 3rd. DA Davidson analyst K. Fitzsimmons now anticipates that the bank will post earnings of $0.97 per share for the quarter, down from their prior estimate of $0.98. DA Davidson currently has a “Buy” rating and a $40.00 target price on the stock. The consensus estimate for Home Bancorp’s current full-year earnings is $4.55 per share. DA Davidson also issued estimates for Home Bancorp’s FY2024 earnings at $3.54 EPS.
Separately, StockNews.com assumed coverage on Home Bancorp in a research note on Thursday, August 17th. They issued a “hold” rating for the company.
Home Bancorp Stock Performance
Shares of HBCP opened at $31.90 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.28. The firm has a market cap of $261.58 million, a price-to-earnings ratio of 6.13 and a beta of 0.68. Home Bancorp has a 52-week low of $27.75 and a 52-week high of $43.45. The business’s 50 day moving average is $33.33 and its two-hundred day moving average is $32.95.
Home Bancorp (NASDAQ:HBCP – Get Free Report) last released its quarterly earnings results on Monday, July 17th. The bank reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.05. The firm had revenue of $33.75 million during the quarter, compared to analysts’ expectations of $34.27 million. Home Bancorp had a return on equity of 12.65% and a net margin of 26.02%.
Home Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Monday, July 31st were given a dividend of $0.25 per share. The ex-dividend date was Friday, July 28th. This represents a $1.00 dividend on an annualized basis and a yield of 3.13%. Home Bancorp’s payout ratio is presently 19.23%.
Institutional Investors Weigh In On Home Bancorp
Institutional investors have recently bought and sold shares of the business. UBS Group AG lifted its holdings in shares of Home Bancorp by 224.1% during the 3rd quarter. UBS Group AG now owns 1,144 shares of the bank’s stock valued at $45,000 after buying an additional 791 shares during the last quarter. Citigroup Inc. increased its position in Home Bancorp by 108,050.0% in the 2nd quarter. Citigroup Inc. now owns 2,163 shares of the bank’s stock worth $72,000 after buying an additional 2,161 shares during the period. Barclays PLC increased its position 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 buying an additional 1,617 shares during the period. Deutsche Bank AG increased its position in shares of Home Bancorp by 35.6% during the first quarter. Deutsche Bank AG now owns 4,350 shares of the bank’s stock valued at $144,000 after purchasing an additional 1,142 shares during the period. Finally, BNP Paribas Arbitrage SNC boosted its stake in Home Bancorp by 99.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 3,699 shares of the bank’s stock valued at $144,000 after buying an additional 1,844 shares in the last quarter. 42.14% of the stock is currently owned by institutional investors and hedge funds.
Home Bancorp Company Profile
Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana, Mississippi, and Texas. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.
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