Home Bancorp (NASDAQ:HBCP) Announces Quarterly Earnings Results

Home Bancorp (NASDAQ:HBCP - Get Free Report) issued its quarterly earnings data on Monday. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.23, Zacks reports. The company had revenue of $35.76 million for the quarter, compared to analyst estimates of $30.90 million. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. During the same period last year, the company posted $1.14 earnings per share.

Home Bancorp Stock Down 3.6 %

Shares of Home Bancorp stock traded down $1.83 during trading on Friday, reaching $48.56. The company's stock had a trading volume of 2,112 shares, compared to its average volume of 25,137. The company has a 50-day simple moving average of $45.17 and a two-hundred day simple moving average of $46.89. Home Bancorp has a 1-year low of $34.51 and a 1-year high of $52.77. The company has a market cap of $389.48 million, a price-to-earnings ratio of 10.70 and a beta of 0.55. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24.

Home Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Monday, May 5th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Monday, May 5th. Home Bancorp's payout ratio is presently 23.74%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com cut Home Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Hovde Group raised their price objective on Home Bancorp from $48.50 to $51.50 and gave the company a "market perform" rating in a research report on Thursday. Finally, Piper Sandler boosted their target price on shares of Home Bancorp from $60.00 to $65.00 and gave the stock an "overweight" rating in a report on Wednesday.

About Home Bancorp

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.