John Iv Zollinger Sells 750 Shares of Home Bancorp (NASDAQ:HBCP) Stock

Home Bancorp, Inc. (NASDAQ:HBCP) EVP John Iv Zollinger sold 750 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $71.68, for a total transaction of $53,760.00. Following the transaction, the executive vice president directly owned 7,643 shares of the company’s stock, valued at approximately $547,850.24. This trade represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Home Bancorp Stock Down 0.1%

NASDAQ HBCP opened at $69.43 on Friday. Home Bancorp, Inc. has a 1 year low of $50.54 and a 1 year high of $74.50. The stock has a market capitalization of $544.33 million, a PE ratio of 11.61 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.97 and a quick ratio of 0.97. The business’s 50-day moving average is $69.51 and its 200 day moving average is $64.85.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings data on Monday, July 20th. The bank reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. The business had revenue of $39.72 million during the quarter, compared to analysts’ expectations of $38.57 million. Home Bancorp had a return on equity of 10.65% and a net margin of 22.23%. Sell-side analysts forecast that Home Bancorp, Inc. will post 5.98 earnings per share for the current year.

Home Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. Home Bancorp’s payout ratio is 21.40%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Raymond James Financial reissued an “outperform” rating and set a $74.00 price objective on shares of Home Bancorp in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Home Bancorp in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Home Bancorp has an average rating of “Moderate Buy” and a consensus price target of $69.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HBCP. Raymond James Financial Inc. bought a new stake in shares of Home Bancorp during the second quarter valued at approximately $46,000. Tower Research Capital LLC TRC raised its holdings in Home Bancorp by 116.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock worth $74,000 after purchasing an additional 769 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Home Bancorp in the second quarter worth $105,000. Occudo Quantitative Strategies LP bought a new position in Home Bancorp in the fourth quarter worth $202,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Home Bancorp during the fourth quarter valued at $208,000. Institutional investors own 49.41% of the company’s stock.

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.