Home Bancorp (NASDAQ:HBCP) Sets New 1-Year High – Here’s Why

Home Bancorp, Inc. (NASDAQ:HBCP)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $71.85 and last traded at $71.7380, with a volume of 26969 shares trading hands. The stock had previously closed at $70.28.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Raymond James Financial reissued an “outperform” rating and set a $74.00 price target on shares of Home Bancorp in a research report on Wednesday, July 22nd. Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings upgraded Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Piper Sandler cut shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price objective for the company. in a research note on Wednesday, April 22nd. Finally, Hovde Group raised their target price 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. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

Home Bancorp Stock Up 2.0%

The company has a market capitalization of $562.28 million, a PE ratio of 11.99 and a beta of 0.49. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average of $67.21 and a two-hundred day moving average of $63.42.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Monday, July 20th. The bank reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Home Bancorp had a return on equity of 10.77% and a net margin of 22.23%.The company had revenue of $39.72 million for the quarter, compared to the consensus estimate of $38.57 million. Equities research analysts predict that Home Bancorp, Inc. will post 5.98 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be issued a $0.32 dividend. This is an increase from Home Bancorp’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, August 3rd. This represents a $1.28 annualized dividend and a yield of 1.8%. Home Bancorp’s payout ratio is presently 20.74%.

Insider Activity at Home Bancorp

In other Home Bancorp news, CFO David T. Kirkley sold 655 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $62.80, for a total transaction of $41,134.00. Following the completion of the transaction, the chief financial officer owned 5,064 shares of the company’s stock, valued at $318,019.20. This trade represents a 11.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John J. Iv Zollinger sold 867 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $62.77, for a total transaction of $54,421.59. Following the completion of the sale, the executive vice president directly owned 7,643 shares in the company, valued at $479,751.11. This trade represents a 10.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 5,342 shares of company stock worth $339,433. 6.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HBCP. PDT Partners LLC grew its holdings in Home Bancorp by 3.7% during the 2nd quarter. PDT Partners LLC now owns 6,798 shares of the bank’s stock worth $352,000 after acquiring an additional 245 shares in the last quarter. Rhumbline Advisers lifted 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 purchasing an additional 250 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Home Bancorp by 0.4% during the fourth quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock worth $6,144,000 after purchasing an additional 382 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Home Bancorp by 11.8% during the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock worth $258,000 after purchasing an additional 607 shares in the last quarter. Finally, BCM Advisors LLC increased its holdings in Home Bancorp by 11.2% in the first quarter. BCM Advisors LLC now owns 6,223 shares of the bank’s stock valued at $396,000 after buying an additional 628 shares during the last quarter. Hedge funds and other 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.