Home Bancorp (NASDAQ:HBCP) EVP Sells $100,448.00 in Stock

Home Bancorp, Inc. (NASDAQ:HBCP) EVP Darren Guidry sold 1,600 shares of Home Bancorp stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $62.78, for a total value of $100,448.00. Following the completion of the transaction, the executive vice president owned 18,530 shares of the company’s stock, valued at approximately $1,163,313.40. This trade represents a 7.95% 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 Price Performance

Shares of NASDAQ HBCP opened at $63.26 on Friday. The stock has a market cap of $495.96 million, a PE ratio of 10.63 and a beta of 0.50. Home Bancorp, Inc. has a fifty-two week low of $47.96 and a fifty-two week high of $65.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a fifty day moving average of $61.29 and a 200-day moving average of $58.97.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results 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. The company had revenue of $38.22 million during the quarter, compared to analysts’ expectations of $33.63 million. Home Bancorp had a return on equity of 11.00% and a net margin of 22.18%.During the same period in the previous year, the business earned $1.37 earnings per share. Equities research analysts anticipate that Home Bancorp, Inc. will post 5.92 earnings per share for the current year.

Home Bancorp Dividend Announcement

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

Hedge Funds Weigh In On Home Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Home Bancorp during the second quarter worth about $46,000. Tower Research Capital LLC TRC lifted its stake in Home Bancorp by 116.3% during 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 during the last quarter. Canton Hathaway LLC bought a new stake in Home Bancorp during the third quarter worth about $118,000. Occudo Quantitative Strategies LP bought a new stake in Home Bancorp during the fourth quarter worth about $202,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Home Bancorp during the fourth quarter worth about $208,000. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HBCP shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Bancorp in a research report on Friday, March 27th. Hovde Group boosted their target price on Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a research report on Wednesday, April 22nd. Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Piper Sandler cut 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. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.