Home Bancorp (NASDAQ:HBCP) Sets New 12-Month High – Time to Buy?

Home Bancorp, Inc. (NASDAQ:HBCP) shares reached a new 52-week high during trading on Thursday . The company traded as high as $73.35 and last traded at $72.85, with a volume of 21155 shares trading hands. The stock had previously closed at $72.08.

Analysts Set New Price Targets

HBCP has been the topic of several research reports. Hovde Group raised 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. Piper Sandler downgraded shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price objective on the stock. in a research report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Home Bancorp in a research report on Friday, July 31st. Finally, Raymond James Financial restated an “outperform” rating and set a $74.00 price target on shares of Home Bancorp in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $69.50.

Home Bancorp Price Performance

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.12. The stock’s 50-day simple moving average is $69.19 and its two-hundred day simple moving average is $64.50. The company has a market capitalization of $564.17 million, a price-to-earnings ratio of 12.03 and a beta of 0.50.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Monday, July 20th. The bank reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Home Bancorp had a return on equity of 10.65% and a net margin of 22.23%.The company had revenue of $39.72 million for the quarter, compared to analyst estimates of $38.57 million. Equities research analysts predict that Home Bancorp, Inc. will post 5.98 earnings per share for the current year.

Home Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.8%. This is a boost from Home Bancorp’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Monday, August 3rd. Home Bancorp’s payout ratio is 21.40%.

Insider Activity at Home Bancorp

In related news, Director Daniel G. Guidry sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $65.01, for a total transaction of $65,010.00. Following the completion of the transaction, the director directly owned 63,519 shares in the company, valued at $4,129,370.19. This trade represents a 1.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Home Bancorp

A number of large investors have recently modified their holdings of the company. Elizabeth Park Capital Advisors Ltd. increased its holdings in shares of Home Bancorp by 40.9% in the 4th quarter. Elizabeth Park Capital Advisors Ltd. now owns 34,469 shares of the bank’s stock valued at $1,992,000 after acquiring an additional 10,000 shares during the last quarter. Summit Financial Wealth Advisors LLC lifted its stake in Home Bancorp by 31.1% during the first quarter. Summit Financial Wealth Advisors LLC now owns 36,013 shares of the bank’s stock worth $2,182,000 after purchasing an additional 8,539 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Home Bancorp by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 429,581 shares of the bank’s stock valued at $26,024,000 after purchasing an additional 7,792 shares in the last quarter. LSV Asset Management lifted its position in shares of Home Bancorp by 56.4% during the 4th quarter. LSV Asset Management now owns 34,425 shares of the bank’s stock worth $1,990,000 after buying an additional 12,420 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Home Bancorp by 69.9% in the 1st quarter. Sei Investments Co. now owns 8,994 shares of the bank’s stock valued at $545,000 after buying an additional 3,700 shares in the last quarter. 49.41% of the stock is owned by hedge funds and other institutional investors.

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.