Home Bancorp (NASDAQ:HBCP) EVP Sells $54,421.59 in Stock

Home Bancorp, Inc. (NASDAQ:HBCP) EVP John Iv Zollinger sold 867 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $62.77, for a total value of $54,421.59. Following the sale, the executive vice president directly owned 7,643 shares of the company’s stock, valued at approximately $479,751.11. This trade represents a 10.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Home Bancorp Trading Down 0.8%

Shares of NASDAQ HBCP traded down $0.52 during mid-day trading on Wednesday, hitting $62.75. The stock had a trading volume of 79,713 shares, compared to its average volume of 88,605. The business has a 50 day moving average price of $61.75 and a two-hundred day moving average price of $59.46. Home Bancorp, Inc. has a 1 year low of $47.96 and a 1 year high of $65.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $492.15 million, a P/E ratio of 10.55 and a beta of 0.50.

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 the consensus estimate of $1.39 by $0.06. Home Bancorp had a net margin of 22.18% and a return on equity of 10.86%. The business had revenue of $38.22 million during the quarter, compared to analysts’ expectations of $33.63 million. During the same quarter in the prior year, the company posted $1.37 EPS. On average, equities analysts anticipate that Home Bancorp, Inc. will post 5.92 EPS for the current fiscal year.

Home Bancorp Dividend Announcement

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

Institutional Investors Weigh In On Home Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in Home Bancorp by 11.8% during the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock valued at $258,000 after buying an additional 607 shares during the period. AQR Capital Management LLC grew its position in shares of Home Bancorp by 80.7% in the 1st quarter. AQR Capital Management LLC now owns 12,258 shares of the bank’s stock worth $549,000 after buying an additional 5,476 shares during the period. Empowered Funds LLC increased its stake in shares of Home Bancorp by 7.3% in the 1st quarter. Empowered Funds LLC now owns 33,749 shares of the bank’s stock worth $1,512,000 after acquiring an additional 2,301 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Home Bancorp in the 1st quarter worth about $612,000. Finally, JPMorgan Chase & Co. lifted its position in Home Bancorp by 9.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,669 shares of the bank’s stock valued at $1,122,000 after acquiring an additional 1,878 shares during the period. 49.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HBCP has been the subject of several research analyst reports. Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Weiss Ratings upgraded Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Piper Sandler cut shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price target on the stock. in a report on Wednesday, April 22nd. Finally, Hovde Group boosted their price objective on shares of Home Bancorp from $62.00 to $65.50 and gave the company a “market perform” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.50.

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.