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

Home Bancorp (NASDAQ:HBCP) issued its quarterly earnings data on Monday. The bank reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.07, Zacks reports. Home Bancorp had a net margin of 21.32% and a return on equity of 10.87%.

Home Bancorp Trading Up 0.2%

HBCP traded up $0.15 on Monday, hitting $60.47. The company had a trading volume of 35,769 shares, compared to its average volume of 27,879. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market cap of $473.36 million, a P/E ratio of 10.76 and a beta of 0.60. The company’s fifty day moving average price is $58.33 and its 200 day moving average price is $55.82. Home Bancorp has a 1 year low of $39.59 and a 1 year high of $64.17.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Home Bancorp

Institutional investors have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. grew its stake in shares of Home Bancorp by 10.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 8,936 shares of the bank’s stock worth $485,000 after acquiring an additional 841 shares in the last quarter. Polymer Capital Management US LLC purchased a new stake in Home Bancorp during the 3rd quarter worth about $312,000. Qube Research & Technologies Ltd raised its position in Home Bancorp by 20.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 40,179 shares of the bank’s stock valued at $2,183,000 after purchasing an additional 6,873 shares in the last quarter. Bank of America Corp DE raised its position in Home Bancorp by 31.9% in the 3rd quarter. Bank of America Corp DE now owns 6,477 shares of the bank’s stock valued at $352,000 after purchasing an additional 1,568 shares in the last quarter. Finally, Algert Global LLC purchased a new position in shares of Home Bancorp in the 3rd quarter valued at about $250,000. 49.41% of the stock is owned by institutional investors and hedge funds.

About Home Bancorp

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.