John Iv Zollinger Sells 311 Shares of Home Bancorp (NASDAQ:HBCP) Stock

Home Bancorp, Inc. (NASDAQ:HBCP) EVP John Iv Zollinger sold 311 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $63.12, for a total transaction of $19,630.32. Following the completion of the sale, the executive vice president directly owned 7,441 shares of the company’s stock, valued at approximately $469,675.92. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Home Bancorp Price Performance

Shares of HBCP opened at $62.46 on Thursday. Home Bancorp, Inc. has a 1-year low of $47.96 and a 1-year high of $65.94. The stock has a market cap of $489.69 million, a PE ratio of 10.50 and a beta of 0.53. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a fifty day moving average price of $61.26 and a 200 day moving average price of $58.90.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Monday, April 20th. The bank reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. Home Bancorp had a net margin of 22.18% and a return on equity of 11.00%. The firm had revenue of $38.22 million during the quarter, compared to analysts’ expectations of $33.63 million. During the same period in the previous year, the company earned $1.37 earnings per share. As a group, sell-side analysts anticipate that Home Bancorp, Inc. will post 5.92 EPS for the current year.

Home Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, May 4th. Home Bancorp’s dividend payout ratio is presently 20.84%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HBCP. Raymond James Financial Inc. acquired a new position in shares of Home Bancorp during the second quarter worth about $46,000. Tower Research Capital LLC TRC increased its stake in shares of Home Bancorp by 116.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock worth $74,000 after acquiring an additional 769 shares during the period. Canton Hathaway LLC acquired a new position in shares of Home Bancorp during the third quarter worth about $118,000. Occudo Quantitative Strategies LP acquired a new position in shares of Home Bancorp during the fourth quarter worth about $202,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Home Bancorp during the fourth quarter worth about $208,000. 49.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HBCP shares. Piper Sandler cut shares of 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Bancorp in a report on Friday, March 27th. Zacks Research cut shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Hovde Group upped their target price on shares of Home Bancorp from $62.00 to $65.50 and gave the company a “market perform” rating in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $65.50.

About Home Bancorp

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.