Home Bancorp (NASDAQ:HBCP) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Home Bancorp, Inc. (NASDAQ:HBCP)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $57.30 and traded as low as $56.14. Home Bancorp shares last traded at $58.43, with a volume of 76,171 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HBCP shares. Zacks Research raised Home Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Home Bancorp in a research report on Monday, December 29th. Finally, Hovde Group boosted their target price on shares of Home Bancorp from $61.00 to $62.00 and gave the stock a “market perform” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $63.00.

Home Bancorp Stock Performance

The firm has a fifty day simple moving average of $60.25 and a 200 day simple moving average of $57.30. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market cap of $457.51 million, a price-to-earnings ratio of 9.95 and a beta of 0.58.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Monday, January 26th. The bank reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.07. The company had revenue of $38.05 million for the quarter, compared to analyst estimates of $33.73 million. Home Bancorp had a return on equity of 11.19% and a net margin of 22.01%. As a group, sell-side analysts expect that Home Bancorp, Inc. will post 4.78 earnings per share for the current year.

Home Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 9th were paid a dividend of $0.31 per share. The ex-dividend date was Monday, February 9th. This represents a $1.24 dividend on an annualized basis and a yield of 2.1%. Home Bancorp’s payout ratio is currently 21.12%.

Insider Activity

In other Home Bancorp news, Director Chris P. Rader acquired 500 shares of Home Bancorp stock in a transaction dated Thursday, February 19th. The stock was bought at an average cost of $59.50 per share, with a total value of $29,750.00. Following the acquisition, the director owned 17,714 shares of the company’s stock, valued at approximately $1,053,983. The trade was a 2.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its stake in shares of Home Bancorp by 22.6% in the 4th quarter. Invesco Ltd. now owns 8,606 shares of the bank’s stock valued at $497,000 after purchasing an additional 1,588 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Home Bancorp in the 4th quarter valued at $208,000. NewEdge Advisors LLC boosted its stake in Home Bancorp by 0.4% in the 4th quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock valued at $6,144,000 after buying an additional 382 shares in the last quarter. Empowered Funds LLC grew its position in Home Bancorp by 10.5% in the fourth quarter. Empowered Funds LLC now owns 45,990 shares of the bank’s stock valued at $2,658,000 after acquiring an additional 4,375 shares during the period. Finally, Occudo Quantitative Strategies LP acquired a new position in Home Bancorp during the fourth quarter worth $202,000. 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.