Shares of Home Point Capital Inc. (NASDAQ: HMPT) have received an average rating of “Hold” from the eleven rating companies that currently cover the company, reports MarketBeat Ratings. Two investment analysts rated the stock with a sell recommendation, four gave a hold recommendation and five gave the company a buy recommendation. The 1-year average price target among brokerage firms that updated their equity coverage in the past year is $ 9.10.
HMPT has been the subject of several research analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a target price of $ 6.00 for Home Point Capital shares in a report released on Friday, October 1. JMP Securities reduced its target price on Home Point Capital shares from $ 10.00 to $ 7.00 and established a “market outperformance” rating for the company in a report released Thursday, August 26. Wedbush reiterated an “outperformance” rating and issued a price target of $ 8.00 on Home Point Capital shares in a research note on Friday, October 1. Zacks Investment Research downgraded Home Point Capital shares from a “hold” rating to a “sell” rating in a Thursday, October 28th research note. Finally, Credit Suisse Group reiterated an “outperformance” rating and issued a price target of $ 10.00 on Home Point Capital shares in a research note on Friday October 1.
Institutional investors recently changed their positions in the stock. Royal Bank of Canada increased its holdings of Home Point Capital shares by 406.0% in the second quarter. Royal Bank of Canada now owns 4,235 shares of the company valued at $ 25,000 after purchasing an additional 3,398 shares in the last quarter. Morgan Stanley purchased a new equity stake in Home Point Capital during the 1st quarter valued at approximately $ 27,000. Cubist Systematic Strategies LLC purchased a new equity interest in Home Point Capital during the 1st quarter valued at approximately $ 38,000. Advisor Group Holdings Inc. purchased a new equity interest in Home Point Capital during the third quarter valued at approximately $ 39,000. Finally, Citadel Advisors LLC acquired a new stake in Home Point Capital during the 3rd quarter for a value of approximately $ 69,000. 95.86% of the shares are currently held by institutional investors.
Home Point Capital stock opened at $ 4.22 on Monday. The company has a fifty-day simple moving average of $ 4.26 and a 200-day simple moving average of $ 4.75. Home Point Capital has a one-year low of $ 3.60 and a one-year high of $ 13.15. The company has a market cap of $ 588.81 million and a P / E ratio of 1.79. The company has a current ratio of 2.51, a quick ratio of 2.51, and a debt ratio of 9.69.
Home Point Capital (NASDAQ: HMPT) last announced its quarterly earnings data on Thursday, November 4. The company reported EPS of $ 0.11 for the quarter, beating consensus analysts’ estimates of $ 0.05 by $ 0.06. Home Point Capital had a net margin of 26.82% and a return on equity of 26.12%. The company posted revenue of $ 274.60 million in the quarter, compared to a consensus estimate of $ 182.78 million. On average, equity research analysts predict Home Point Capital will post 0.33 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 30. Shareholders of record on Monday, November 15 received a dividend of $ 0.04. This represents an annualized dividend of $ 0.16 and a dividend yield of 3.79%. The ex-dividend date of this dividend was Friday, November 12. Home Point Capital’s payout ratio is currently 6.78%.
Home Point Capital Company Profile
Home Point Capital Inc, along with its subsidiaries, operates as a residential mortgage issuer and service provider. It operates through two segments, Origination and Servicing. The Origination segment sources loans through direct, wholesale and correspondent channels. The Services segment offers the collection of loan repayments; payment of principal and interest payments to investors; manage escrow funds for the payment of mortgage-related expenses, such as taxes and insurance; and performing loss mitigation activities on behalf of investors and administering mortgage loans.
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