Home Bancorp, Inc. (NASDAQ:HBCP) Sees Large Increase in Short Interest

Home Bancorp, Inc. (NASDAQ:HBCP) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 357,269 shares, an increase of 165.8% from the June 15th total of 134,436 shares. Based on an average trading volume of 125,712 shares, the days-to-cover ratio is presently 2.8 days. Currently, 4.9% of the company’s shares are short sold.

Insider Activity at Home Bancorp

In other Home Bancorp news, EVP Darren E. Guidry sold 1,600 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $62.78, for a total transaction of $100,448.00. Following the transaction, the executive vice president owned 18,530 shares of the company’s stock, valued at $1,163,313.40. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel G. Guidry sold 1,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $64.50, for a total value of $64,500.00. Following the completion of the transaction, the director directly owned 64,019 shares in the company, valued at $4,129,225.50. This trade represents a 1.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 5,653 shares of company stock valued at $359,063. Insiders own 6.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. PDT Partners LLC grew its position in Home Bancorp by 3.7% in the 2nd quarter. PDT Partners LLC now owns 6,798 shares of the bank’s stock valued at $352,000 after buying an additional 245 shares in the last quarter. Rhumbline Advisers raised its position in shares of Home Bancorp by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 10,705 shares of the bank’s stock worth $554,000 after buying an additional 250 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Home Bancorp by 0.4% during the 4th quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock worth $6,144,000 after buying an additional 382 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Home Bancorp by 11.8% in the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock worth $258,000 after acquiring an additional 607 shares during the period. Finally, BCM Advisors LLC lifted its stake in shares of Home Bancorp by 11.2% in the 1st quarter. BCM Advisors LLC now owns 6,223 shares of the bank’s stock worth $396,000 after acquiring an additional 628 shares during the period. 49.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings raised shares of Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. Piper Sandler lowered shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price target for the company. in a report on Wednesday, April 22nd. Hovde Group lifted their price target on shares of Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research lowered shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.50.

Home Bancorp Price Performance

Shares of NASDAQ HBCP opened at $68.85 on Tuesday. 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 has a market capitalization of $539.78 million, a price-to-earnings ratio of 11.57 and a beta of 0.49. Home Bancorp has a twelve month low of $49.49 and a twelve month high of $71.46. The business has a 50 day simple moving average of $66.06 and a 200-day simple moving average of $62.64.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings results on Monday, April 20th. The bank reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. Home Bancorp had a net margin of 22.18% and a return on equity of 10.86%. The business had revenue of $38.22 million during the quarter, compared to analyst estimates of $33.63 million. During the same period in the previous year, the business posted $1.37 EPS. As a group, equities research analysts expect that Home Bancorp will post 5.98 earnings per share for the current year.

Home Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, May 4th. Home Bancorp’s dividend payout ratio is 20.84%.

Home Bancorp Company Profile

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.