Home Bancorp (NASDAQ:HBCP) Director Sells $65,010.00 in Stock

Home Bancorp, Inc. (NASDAQ:HBCP) Director Daniel Guidry sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $65.01, for a total transaction of $65,010.00. Following the completion of the transaction, the director owned 63,519 shares of the company’s stock, valued at $4,129,370.19. This trade represents a 1.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Home Bancorp Trading Up 0.9%

HBCP stock traded up $0.59 during trading on Thursday, hitting $65.16. The company had a trading volume of 80,533 shares, compared to its average volume of 86,892. 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 price of $62.27 and a 200-day moving average price of $59.92. Home Bancorp, Inc. has a 12 month low of $47.96 and a 12 month high of $65.94. The stock has a market cap of $510.85 million, a price-to-earnings ratio of 10.95 and a beta of 0.50.

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, topping 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 in the previous year, the company posted $1.37 EPS. As a group, analysts predict that Home Bancorp, Inc. will post 5.98 earnings per share for the current year.

Home Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.24 annualized dividend and a yield of 1.9%. Home Bancorp’s dividend payout ratio is presently 20.84%.

Institutional Investors Weigh In On Home Bancorp

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its position in Home Bancorp by 84.1% during the first quarter. Bank of America Corp DE now owns 24,268 shares of the bank’s stock worth $1,470,000 after acquiring an additional 11,085 shares during the last quarter. Empowered Funds LLC lifted its position in Home Bancorp by 6.0% during the first quarter. Empowered Funds LLC now owns 48,727 shares of the bank’s stock worth $2,952,000 after acquiring an additional 2,737 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Home Bancorp by 60.5% during the first quarter. Quantinno Capital Management LP now owns 17,925 shares of the bank’s stock worth $1,086,000 after purchasing an additional 6,760 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Home Bancorp by 141.0% during the first quarter. Lazard Asset Management LLC now owns 9,429 shares of the bank’s stock worth $571,000 after purchasing an additional 5,516 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Home Bancorp by 69.9% during the first quarter. Sei Investments Co. now owns 8,994 shares of the bank’s stock worth $545,000 after purchasing an additional 3,700 shares during the period. 49.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HBCP shares. Weiss Ratings upgraded shares of Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. 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 report on Wednesday, April 22nd. Hovde Group increased their price objective 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. Finally, Zacks Research downgraded shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One equities 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’s stock. According to MarketBeat, Home Bancorp has a consensus rating of “Moderate Buy” and a consensus price target 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.