Home Bancorp (NASDAQ:HBCP) Sets New 52-Week High – Time to Buy?

Home Bancorp, Inc. (NASDAQ:HBCP)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $65.00 and last traded at $64.67, with a volume of 20609 shares changing hands. The stock had previously closed at $62.68.

Wall Street Analyst Weigh In

A number of brokerages have commented on HBCP. Weiss Ratings reissued a “buy (b)” rating on shares of Home Bancorp in a research note on Friday, March 27th. Hovde Group raised their price objective on Home Bancorp from $61.00 to $62.00 and gave the company a “market perform” rating in a research note on Thursday, January 29th. Finally, Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $63.00.

Home Bancorp Stock Performance

The company has a market cap of $505.37 million, a PE ratio of 10.98 and a beta of 0.53. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $60.44 and a 200-day moving average of $57.91.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Monday, January 26th. The bank reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.07. Home Bancorp had a return on equity of 11.03% and a net margin of 22.01%.The company had revenue of $38.05 million for the quarter, compared to analysts’ expectations of $33.73 million. As a group, analysts anticipate that Home Bancorp, Inc. will post 4.78 earnings per share for the current year.

Home Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 9th were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.24 annualized dividend and a yield of 1.9%. Home Bancorp’s payout ratio is currently 21.12%.

Insiders Place Their Bets

In other Home Bancorp news, Director Chris P. Rader acquired 500 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were acquired at an average price of $59.50 per share, with a total value of $29,750.00. Following the completion of the transaction, the director owned 17,714 shares in the company, valued at approximately $1,053,983. This trade represents a 2.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 7.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. PDT Partners LLC boosted its position in Home Bancorp by 3.7% in the second quarter. PDT Partners LLC now owns 6,798 shares of the bank’s stock worth $352,000 after purchasing an additional 245 shares during the last quarter. Rhumbline Advisers boosted its position in Home Bancorp by 2.4% in the second 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. Summit Financial Wealth Advisors LLC boosted its position in Home Bancorp by 1.5% in the second quarter. Summit Financial Wealth Advisors LLC now owns 21,933 shares of the bank’s stock worth $1,136,000 after purchasing an additional 319 shares during the last quarter. NewEdge Advisors LLC boosted its position in Home Bancorp by 0.4% in 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 during the last quarter. Finally, Royal Bank of Canada boosted its position in Home Bancorp by 11.8% in 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 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.