Home Bancorp (NASDAQ:HBCP) CFO David Kirkley Sells 655 Shares of Stock

Home Bancorp, Inc. (NASDAQ:HBCP) CFO David Kirkley sold 655 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $62.80, for a total transaction of $41,134.00. Following the completion of the transaction, the chief financial officer directly owned 5,064 shares in the company, valued at $318,019.20. The trade was a 11.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Home Bancorp Trading Down 0.8%

NASDAQ HBCP opened at $62.75 on Thursday. The firm’s 50-day moving average is $61.80 and its two-hundred day moving average is $59.51. Home Bancorp, Inc. has a 12 month low of $47.96 and a 12 month high of $65.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $491.96 million, a P/E ratio of 10.55 and a beta of 0.50.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Monday, April 20th. The bank reported $1.45 EPS 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 10.86%. The company had revenue of $38.22 million for the quarter, compared to analysts’ expectations of $33.63 million. During the same quarter in the prior year, the company 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 year.

Home Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be given a $0.31 dividend. The ex-dividend date of this dividend 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 is presently 20.84%.

Analyst Ratings Changes

A number of research firms have commented on HBCP. Zacks Research cut shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Hovde Group increased their price target on shares of Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a research report on Wednesday, April 22nd. 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 research report on Wednesday, April 22nd. Finally, Weiss Ratings raised shares of Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.50.

Institutional Trading of Home Bancorp

Several hedge funds have recently made changes to their positions in HBCP. Raymond James Financial Inc. acquired a new stake in Home Bancorp in the second quarter valued at approximately $46,000. Tower Research Capital LLC TRC raised its holdings in Home Bancorp by 116.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after acquiring an additional 769 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in Home Bancorp in the fourth quarter valued at approximately $202,000. Mercer Global Advisors Inc. ADV acquired a new stake in Home Bancorp in the fourth quarter valued at approximately $208,000. Finally, Mariner LLC acquired a new stake in Home Bancorp in the fourth quarter valued at approximately $211,000. Institutional investors and hedge funds own 49.41% of the company’s stock.

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.