Home Bancorp (NASDAQ:HBCP) Stock Crosses Above 200 Day Moving Average of $37.77

Home Bancorp, Inc. (NASDAQ:HBCP) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $37.77 and traded as high as $39.86. Home Bancorp shares last traded at $39.86, with a volume of 9,460 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Hovde Group lifted their price target on Home Bancorp from $45.00 to $48.50 and gave the company an “outperform” rating in a research note on Friday, July 19th.

Home Bancorp Stock Performance

The company has a market cap of $318.70 million, a P/E ratio of 8.27 and a beta of 0.69. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average price of $39.57 and a 200-day moving average price of $37.77.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings data on Wednesday, July 17th. The bank reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. The business had revenue of $49.21 million for the quarter, compared to analyst estimates of $31.90 million. Home Bancorp had a return on equity of 10.08% and a net margin of 19.16%. During the same quarter in the previous year, the company posted $1.21 EPS. On average, equities analysts expect that Home Bancorp, Inc. will post 4.3 earnings per share for the current fiscal year.

Home Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Monday, July 29th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, July 29th. This represents a $1.00 dividend on an annualized basis and a yield of 2.55%. Home Bancorp’s dividend payout ratio is currently 21.10%.

Insider Buying and Selling

In related news, CFO David T. Kirkley sold 1,180 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $36.73, for a total transaction of $43,341.40. Following the sale, the chief financial officer now owns 4,631 shares in the company, valued at approximately $170,096.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Home Bancorp news, Director Daniel G. Guidry sold 5,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $41.48, for a total value of $207,400.00. Following the sale, the director now owns 66,819 shares in the company, valued at approximately $2,771,652.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David T. Kirkley sold 1,180 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $36.73, for a total value of $43,341.40. Following the completion of the sale, the chief financial officer now owns 4,631 shares in the company, valued at approximately $170,096.63. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Home Bancorp

Institutional investors have recently made changes to their positions in the stock. Spire Wealth Management lifted its stake in shares of Home Bancorp by 0.7% in the 1st quarter. Spire Wealth Management now owns 79,922 shares of the bank’s stock valued at $3,062,000 after purchasing an additional 525 shares during the period. GAMMA Investing LLC acquired a new position in shares of Home Bancorp in the 4th quarter valued at about $39,000. Empowered Funds LLC lifted its stake in shares of Home Bancorp by 7.8% in the 1st quarter. Empowered Funds LLC now owns 26,509 shares of the bank’s stock valued at $1,016,000 after purchasing an additional 1,925 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Home Bancorp by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock valued at $1,438,000 after purchasing an additional 2,672 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Home Bancorp by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 365,043 shares of the bank’s stock valued at $13,985,000 after purchasing an additional 3,414 shares during the period. Institutional investors own 49.41% of the company’s stock.

About Home Bancorp

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana, Mississippi, and Texas. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.