Home Bancorp (NASDAQ:HBCP) Releases Quarterly Earnings Results, Misses Expectations By $0.22 EPS

Home Bancorp (NASDAQ:HBCP) issued its earnings results on Monday. The bank reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.22), Zacks reports. The company had revenue of $40.12 million during the quarter, compared to analyst estimates of $40.23 million. Home Bancorp had a net margin of 22.23% and a return on equity of 10.65%.

Home Bancorp Price Performance

Shares of NASDAQ HBCP traded down $0.12 on Monday, hitting $65.78. The company’s stock had a trading volume of 35,308 shares, compared to its average volume of 84,652. The stock has a 50 day moving average of $68.62 and a 200-day moving average of $67.07. The company has a market capitalization of $515.91 million, a price-to-earnings ratio of 11.00 and a beta of 0.52. Home Bancorp has a 12-month low of $52.06 and a 12-month high of $74.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.97 and a quick ratio of 0.97.

Analyst Ratings Changes

HBCP has been the topic of several analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $74.00 target price on shares of Home Bancorp in a research note on Wednesday, July 22nd. Weiss Ratings restated a “buy (a-)” rating on shares of Home Bancorp in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.50.

Insider Activity at Home Bancorp

In other news, EVP John Zollinger, IV sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $71.68, for a total value of $53,760.00. Following the completion of the transaction, the executive vice president owned 7,643 shares of the company’s stock, valued at $547,850.24. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.20% of the stock is currently owned by insiders.

About Home Bancorp

Home Bancorp, Inc is the holding company for Home Bank, a community-focused bank headquartered in Lafayette Hill, Pennsylvania. The company serves individuals, families, professionals and businesses through a network of banking offices in southeastern Pennsylvania and surrounding communities.

Home Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential mortgage loans, home equity financing, commercial real estate loans, construction and development financing, commercial business loans and consumer loans.

Through its community banking model, Home Bancorp focuses on relationship-based service and local decision-making.