David Kirkley Sells 220 Shares of Home Bancorp (NASDAQ:HBCP) Stock

Home Bancorp, Inc. (NASDAQ:HBCP) CFO David Kirkley sold 220 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $63.27, for a total value of $13,919.40. Following the completion of the sale, the chief financial officer owned 5,719 shares of the company’s stock, valued at approximately $361,841.13. This trade represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Home Bancorp Stock Up 0.2%

Shares of NASDAQ HBCP opened at $62.90 on Friday. The firm’s 50-day simple moving average is $61.84 and its 200 day simple moving average is $59.56. The company has a market cap of $493.14 million, a price-to-earnings ratio of 10.57 and a beta of 0.50. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. Home Bancorp, Inc. has a 12-month low of $47.96 and a 12-month high of $65.94.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Monday, April 20th. The bank reported $1.45 earnings per share 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 firm had revenue of $38.22 million during the quarter, compared to analysts’ expectations of $33.63 million. During the same quarter last year, the company posted $1.37 EPS. On average, research analysts expect that Home Bancorp, Inc. will post 5.92 earnings per share for the current fiscal year.

Home Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. Home Bancorp’s dividend payout ratio (DPR) is currently 20.84%.

Hedge Funds Weigh In On Home Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sei Investments Co. raised its position in shares of Home Bancorp by 69.9% during the 1st quarter. Sei Investments Co. now owns 8,994 shares of the bank’s stock valued at $545,000 after acquiring an additional 3,700 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Home Bancorp by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 429,581 shares of the bank’s stock worth $26,024,000 after purchasing an additional 7,792 shares during the last quarter. BCM Advisors LLC grew its stake in shares of Home Bancorp by 11.2% during the first quarter. BCM Advisors LLC now owns 6,223 shares of the bank’s stock worth $396,000 after purchasing an additional 628 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Home Bancorp by 6.5% during the first quarter. Bank of New York Mellon Corp now owns 33,867 shares of the bank’s stock worth $2,052,000 after purchasing an additional 2,079 shares during the period. Finally, Invesco Ltd. increased its holdings in Home Bancorp by 22.6% in the fourth quarter. Invesco Ltd. now owns 8,606 shares of the bank’s stock valued at $497,000 after purchasing an additional 1,588 shares during the last quarter. 49.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.