Home Point Capital Inc. (NASDAQ: HMPT – Get a rating) – Piper Sandler equity researchers cut their first-quarter 2022 EPS estimates for Home Point Capital shares in a research note released Thursday, February 24. Piper Sandler analyst K. Barker now expects the company to post earnings of ($0.01) per share for the quarter, down from its previous forecast of $0.03. Capital Attachment Point (NASDAQ: HMPT – Get a rating) last released its quarterly results on Thursday, February 24. The company reported EPS of $0.14 for the quarter, beating analysts’ consensus estimate of $0.07 by $0.07. Home Point Capital had a return on equity of 3.26% and a net margin of 17.30%. In the same quarter last year, the company earned earnings per share of $1.21.
A number of other research analysts also commented on the HMPT. Morgan Stanley cut its target price on Home Point Capital from $4.00 to $3.75 and set an “equal weight” rating for the company in a research note on Friday. Bank of America reduced its target price on Home Point Capital from $5.00 to $4.00 and set an “underperforming” rating for the company in a Tuesday, February 22 research note. Wells Fargo & Company downgraded Home Point Capital from an “overweight” rating to an “equal weight” rating and reduced its target price for the company from $6.00 to $4.00 in a research note on Friday. Goldman Sachs Group downgraded Home Point Capital from a “neutral” rating to a “sell” rating and set a target price of $4.50 for the company. in a research note on Thursday, January 6. Ultimately, Zacks Investment Research downgraded Home Point Capital from a “hold” rating to a “sell” rating in a Friday, January 21 research note. Four investment analysts have assigned the stock a sell rating, four have assigned a hold rating and three have assigned the stock a buy rating. According to data from MarketBeat, Home Point Capital currently has a consensus rating of “Hold” and a consensus price target of $5.86.
NASDAQ HMPT shares opened at $3.48 on Monday. The company has a fifty-day simple moving average of $4.29 and a 200-day simple moving average of $4.24. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt ratio of 9.69. The company has a market capitalization of $485.56 million and a price-to-earnings ratio of 2.92. Home Point Capital has a one-year low of $3.25 and a one-year high of $12.19.
Several hedge funds have recently changed their positions in the company. BlackRock Inc. increased its holdings of Home Point Capital shares by 1.0% during the fourth quarter. BlackRock Inc. now owns 380,515 shares of the company worth $1,713,000 after buying 3,641 additional shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings of Home Point Capital stock by 52.6% during the fourth quarter. Parametric Portfolio Associates LLC now owns 199,048 shares of the company worth $896,000 after purchasing an additional 68,637 shares in the last quarter. Citadel Advisors LLC increased its holdings of Home Point Capital shares by 92.3% during the fourth quarter. Citadel Advisors LLC now owns 32,190 shares of the company worth $145,000 after buying 15,453 additional shares in the last quarter. State Street Corp increased its holdings of Home Point Capital stock 28.9% during the fourth quarter. State Street Corp now owns 91,011 shares of the company worth $410,000 after purchasing an additional 20,412 shares in the last quarter. Finally, Geode Capital Management LLC increased its equity stake in Home Point Capital by 10.9% during the fourth quarter. Geode Capital Management LLC now owns 173,440 shares of the company worth $780,000 after purchasing an additional 17,040 shares in the last quarter. Institutional investors hold 94.34% of the company’s shares.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 24. Shareholders of record on Thursday, March 10 will receive a dividend of $0.04. This represents a dividend of $0.16 on an annualized basis and a yield of 4.60%. The ex-date of this dividend is Wednesday, March 9. Home Point Capital’s dividend payout ratio (DPR) is 13.45%.
Home Point Capital Company Profile (Get a rating)
Home Point Capital Inc, together with its subsidiaries, operates as a residential mortgage loan originator and service provider. It operates through two segments, Origination and Servicing. The Origination segment obtains loans through direct, wholesale and correspondent channels. The Servicing segment offers collection of loan repayments; remittance of principal and interest payments to investors; the management of funds blocked for the payment of expenses related to the mortgage, such as taxes and insurance; and perform loss mitigation activities on behalf of investors and administer mortgages.
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