Home Bancorp (NASDAQ:HBCP) CFO David Kirkley Sells 220 Shares

Home Bancorp, Inc. (NASDAQ:HBCP) CFO David Kirkley sold 220 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $63.27, for a total value of $13,919.40. Following the sale, the chief financial officer directly owned 5,719 shares of the company’s stock, valued at approximately $361,841.13. This represents a 3.70% 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 hyperlink.

Home Bancorp Trading Down 0.8%

Shares of NASDAQ HBCP traded down $0.52 during mid-day trading on Wednesday, hitting $62.75. 79,020 shares of the company traded hands, compared to its average volume of 88,605. Home Bancorp, Inc. has a 1 year low of $47.96 and a 1 year high of $65.94. The stock has a market capitalization of $492.15 million, a price-to-earnings ratio of 10.55 and a beta of 0.50. 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 business has a 50 day moving average of $61.75 and a two-hundred day moving average of $59.46.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Monday, April 20th. The bank reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. The business had revenue of $38.22 million during the quarter, compared to the consensus estimate 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, sell-side analysts anticipate that Home Bancorp, Inc. will post 5.92 earnings per share for the current fiscal year.

Home Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be given a dividend of $0.31 per share. The ex-dividend date is Monday, May 4th. This represents a $1.24 dividend on an annualized basis and a yield of 2.0%. Home Bancorp’s dividend payout ratio (DPR) is presently 20.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HBCP shares. Zacks Research lowered Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Hovde Group raised their price objective on Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a research report on Wednesday, April 22nd. Weiss Ratings upgraded Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. Finally, Piper Sandler lowered Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price objective for the company. in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.50.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. PDT Partners LLC increased its position in Home Bancorp by 3.7% in the 2nd quarter. PDT Partners LLC now owns 6,798 shares of the bank’s stock worth $352,000 after purchasing an additional 245 shares during the last quarter. Rhumbline Advisers increased its position in Home Bancorp by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 10,705 shares of the bank’s stock worth $554,000 after purchasing an additional 250 shares during the last quarter. NewEdge Advisors LLC increased its position in Home Bancorp by 0.4% in the 4th quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock worth $6,144,000 after purchasing an additional 382 shares during the last quarter. Royal Bank of Canada increased its position in Home Bancorp by 11.8% in the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock worth $258,000 after purchasing an additional 607 shares during the last quarter. Finally, BCM Advisors LLC increased its holdings in shares of Home Bancorp by 11.2% during the 1st quarter. BCM Advisors LLC now owns 6,223 shares of the bank’s stock valued at $396,000 after acquiring an additional 628 shares during the last quarter. 49.41% of the stock is 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.