Home Bancorp (NASDAQ:HBCP) Sets New 1-Year High – What’s Next?

Home Bancorp, Inc. (NASDAQ:HBCP)’s stock price reached a new 52-week high on Friday . The company traded as high as $68.25 and last traded at $68.2950, with a volume of 4156 shares changing hands. The stock had previously closed at $67.28.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HBCP. Zacks Research lowered Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Piper Sandler lowered 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. Weiss Ratings upgraded Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. Finally, Hovde Group increased their price target on 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 issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Home Bancorp presently has an average rating of “Moderate Buy” and an average target price of $65.50.

Home Bancorp Price Performance

The company has a fifty day moving average price of $63.95 and a two-hundred day moving average price of $61.13. 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 company has a market cap of $532.46 million, a price-to-earnings ratio of 11.40 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 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. The business had revenue of $38.22 million for 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 quarter in the previous year, the firm earned $1.37 EPS. As a group, equities research analysts anticipate that Home Bancorp, Inc. will post 5.98 EPS for the current fiscal year.

Home Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.24 annualized dividend and a yield of 1.8%. Home Bancorp’s dividend payout ratio is 20.84%.

Insiders Place Their Bets

In other news, EVP Darren E. Guidry sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $62.78, for a total value of $100,448.00. Following the completion of the sale, the executive vice president directly owned 18,530 shares of the company’s stock, valued at $1,163,313.40. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel G. Guidry sold 1,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly 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 disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 5,653 shares of company stock valued at $359,063. Corporate insiders own 6.20% of the company’s stock.

Institutional Investors Weigh In On Home Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of HBCP. Raymond James Financial Inc. bought a new stake in shares of Home Bancorp in the 2nd quarter valued at about $46,000. Tower Research Capital LLC TRC grew its position in shares of Home Bancorp by 116.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after buying an additional 769 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new position in shares of Home Bancorp in the 4th quarter valued at about $202,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Home Bancorp in the 4th quarter valued at about $208,000. Finally, Mariner LLC acquired a new position in shares of Home Bancorp in the 4th quarter valued at about $211,000. Institutional investors 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.