Home Bancorp (NASDAQ:HBCP) Director Sells $65,010.00 in Stock

Home Bancorp, Inc. (NASDAQ:HBCP) Director Daniel Guidry sold 1,000 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $65.01, for a total value of $65,010.00. Following the sale, the director owned 63,519 shares of the company’s stock, valued at approximately $4,129,370.19. The trade was a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Home Bancorp Price Performance

Shares of HBCP traded up $0.59 during trading hours on Thursday, hitting $65.16. 80,533 shares of the company were exchanged, compared to its average volume of 86,892. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. Home Bancorp, Inc. has a fifty-two week low of $47.96 and a fifty-two week high of $65.94. The company has a market cap of $510.85 million, a price-to-earnings ratio of 10.95 and a beta of 0.50. The firm’s fifty day moving average is $62.27 and its 200 day moving average is $59.92.

Home Bancorp (NASDAQ:HBCP) last posted 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 business had revenue of $38.22 million during the quarter, compared to analysts’ expectations of $33.63 million. Home Bancorp had a net margin of 22.18% and a return on equity of 10.86%. During the same quarter in the prior year, the business posted $1.37 earnings per share. On average, equities analysts anticipate that Home Bancorp, Inc. will post 5.98 earnings per share for the current fiscal year.

Home Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, May 4th. Home Bancorp’s dividend payout ratio is 20.84%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HBCP. Piper Sandler lowered 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. Hovde Group lifted 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 note on Wednesday, April 22nd. Weiss Ratings raised shares of Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Finally, Zacks Research cut shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One research 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.50.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HBCP. Raymond James Financial Inc. bought a new position in Home Bancorp in the second quarter valued at approximately $46,000. Tower Research Capital LLC TRC increased its stake 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 during the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Home Bancorp during the fourth quarter worth $202,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Home Bancorp during the fourth quarter worth $208,000. Finally, Mariner LLC bought a new stake in shares of Home Bancorp during the fourth quarter worth $211,000. 49.41% of the stock is owned by institutional investors.

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.