Home Bancorp (NASDAQ:HBCP) Stock Passes Above 200 Day Moving Average – Time to Sell?

Home Bancorp, Inc. (NASDAQ:HBCP) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $65.88 and traded as high as $70.05. Home Bancorp shares last traded at $69.64, with a volume of 44,912 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $74.00 price objective on shares of Home Bancorp in a research report on Wednesday, July 22nd. Weiss Ratings reissued a “buy (a-)” rating on shares of Home Bancorp in a report on Friday, July 31st. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.50.

Home Bancorp Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $537.82 million, a P/E ratio of 11.47 and a beta of 0.49. The firm’s fifty day moving average is $70.07 and its two-hundred day moving average is $65.93.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings results on Monday, July 20th. The bank reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The business had revenue of $39.72 million for the quarter, compared to analysts’ expectations of $38.57 million. Home Bancorp had a return on equity of 10.65% and a net margin of 22.23%. As a group, analysts anticipate that Home Bancorp, Inc. will post 5.98 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a dividend of $0.32 per share. This is a boost from Home Bancorp’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.28 annualized dividend and a yield of 1.9%. Home Bancorp’s dividend payout ratio is 21.40%.

Insider Buying and Selling

In other Home Bancorp news, EVP John Zollinger, IV sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $71.68, for a total value of $53,760.00. Following the completion of the transaction, the executive vice president directly owned 7,643 shares in the company, valued at $547,850.24. This represents a 8.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 modified their holdings of HBCP. Allworth Financial LP boosted its position in shares of Home Bancorp by 99.5% during the second quarter. Allworth Financial LP now owns 437 shares of the bank’s stock worth $30,000 after acquiring an additional 218 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Home Bancorp in the 2nd quarter valued at $55,000. Public Employees Retirement System of Ohio bought a new stake in Home Bancorp in the 2nd quarter valued at $105,000. Sequoia Financial Advisors LLC purchased a new stake in Home Bancorp in the 2nd quarter worth $215,000. Finally, BCM Advisors LLC lifted its stake in Home Bancorp by 11.2% in the 1st quarter. BCM Advisors LLC now owns 6,223 shares of the bank’s stock worth $396,000 after purchasing an additional 628 shares in the last quarter. Institutional investors own 49.41% of the company’s stock.

About Home Bancorp

Home Bancorp, Inc is the bank holding company for Home Bank, N.A., a community-focused financial institution headquartered in Lafayette, Louisiana. Through its banking subsidiary, the company provides financial services to individuals, families, businesses and organizations across its service area.

Home Bank offers deposit products such as checking, savings, money market and certificate accounts. Its lending activities include residential mortgage loans, home equity loans, commercial real estate financing, construction loans, commercial and industrial loans, and consumer loans.