Home Bancorp (NASDAQ:HBCP) CFO David Kirkley Sells 655 Shares

Home Bancorp, Inc. (NASDAQ:HBCP) CFO David Kirkley sold 655 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $62.80, for a total value of $41,134.00. Following the sale, the chief financial officer owned 5,064 shares of the company’s stock, valued at $318,019.20. The trade was a 11.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Home Bancorp Stock Down 0.8%

NASDAQ HBCP traded down $0.52 during trading on Wednesday, reaching $62.75. 79,020 shares of the company’s stock were exchanged, compared to its average volume of 88,605. Home Bancorp, Inc. has a fifty-two week low of $47.96 and a fifty-two week high of $65.94. The firm has a market capitalization of $492.15 million, a PE ratio of 10.55 and a beta of 0.50. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $61.75 and its 200-day simple moving average is $59.46.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Monday, April 20th. The bank reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.The firm had revenue of $38.22 million during the quarter, compared to analyst estimates of $33.63 million. During the same period last year, the company posted $1.37 EPS. Sell-side analysts predict that Home Bancorp, Inc. will post 5.92 EPS for the current year.

Home Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be given a dividend of $0.31 per share. The ex-dividend date is Monday, May 4th. This represents a $1.24 dividend on an annualized basis and a yield of 2.0%. Home Bancorp’s dividend payout ratio (DPR) is presently 20.84%.

Analyst Upgrades and Downgrades

HBCP has been the subject of several recent research reports. Weiss Ratings upgraded Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Zacks Research lowered Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Piper Sandler lowered Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price objective for the company. in a report on Wednesday, April 22nd. Finally, Hovde Group increased their price objective on Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Home Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $65.50.

Institutional Trading of Home Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Hillsdale Investment Management Inc. raised its holdings in shares of Home Bancorp by 52.6% during the third quarter. Hillsdale Investment Management Inc. now owns 108,314 shares of the bank’s stock worth $5,884,000 after acquiring an additional 37,318 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in Home Bancorp during the third quarter worth $932,000. TrueMark Investments LLC acquired a new position in Home Bancorp during the third quarter worth $1,054,000. Elevation Point Wealth Partners LLC acquired a new position in Home Bancorp during the third quarter worth $932,000. Finally, Elizabeth Park Capital Advisors Ltd. acquired a new position in Home Bancorp during the third quarter worth $1,329,000. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

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.