Home Bancorp (NASDAQ:HBCP) Director Sells $64,500.00 in Stock

Home Bancorp, Inc. (NASDAQ:HBCP) Director Daniel Guidry sold 1,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $64.50, for a total value of $64,500.00. Following the completion of the transaction, the director owned 64,019 shares of the company’s stock, valued at $4,129,225.50. The trade was a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Home Bancorp Trading Down 0.5%

Home Bancorp stock traded down $0.34 during mid-day trading on Monday, hitting $64.09. The company’s stock had a trading volume of 78,455 shares, compared to its average volume of 88,502. The firm has a market capitalization of $502.47 million, a PE ratio of 10.77 and a beta of 0.50. Home Bancorp, Inc. has a 1 year low of $47.96 and a 1 year high of $65.94. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The stock’s fifty day moving average is $61.67 and its two-hundred day moving average is $59.40.

Home Bancorp (NASDAQ:HBCP) last issued 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. The company had revenue of $38.22 million during the quarter, compared to analyst estimates of $33.63 million. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.During the same period in the prior year, the business posted $1.37 earnings per share. On average, analysts anticipate that Home Bancorp, Inc. will post 5.92 EPS for the current year.

Home Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, May 4th. Home Bancorp’s dividend payout ratio is presently 20.84%.

Analysts Set New Price Targets

Several brokerages recently weighed in on HBCP. Zacks Research lowered Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings upgraded Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Hovde Group upped their price target on 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, Piper Sandler cut Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price target on the stock. in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Home Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $65.50.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HBCP. Hotchkis & Wiley Capital Management LLC lifted its stake in Home Bancorp by 64.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock worth $6,468,000 after purchasing an additional 46,546 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in Home Bancorp by 52.6% during the third quarter. Hillsdale Investment Management Inc. now owns 108,314 shares of the bank’s stock worth $5,884,000 after purchasing an additional 37,318 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Home Bancorp by 636.7% in the second quarter. Marshall Wace LLP now owns 42,027 shares of the bank’s stock valued at $2,176,000 after acquiring an additional 36,322 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Home Bancorp by 668.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 38,040 shares of the bank’s stock valued at $1,970,000 after acquiring an additional 33,090 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Home Bancorp by 41.4% in the fourth quarter. AQR Capital Management LLC now owns 103,243 shares of the bank’s stock valued at $5,967,000 after acquiring an additional 30,224 shares in the last quarter. 49.41% of the stock is currently owned by institutional investors and hedge funds.

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.