Key Points
- Director Chris Rader bought 500 shares at $59.50 on Feb. 19 for $29,750, increasing his stake to 17,714 shares (a 2.90% rise) per an SEC filing.
- Shares traded up 2.8% to $62.18 after the company topped Q4 expectations with EPS of $1.46 (vs. $1.39) and revenue of $37.26M; the stock trades within a 12‑month range of $39.59–$64.17 and has a P/E of 10.59.
- Home Bancorp declared a quarterly dividend of $0.31 (annualized $1.24, ~2.0% yield, ex-dividend Feb. 9) and analysts carry an average "Buy" rating with a $63 consensus price target.
Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) Director Chris Rader bought 500 shares of the stock in a transaction on Thursday, February 19th. The shares were bought at an average price of $59.50 per share, for a total transaction of $29,750.00. Following the acquisition, the director owned 17,714 shares in the company, valued at $1,053,983. The trade was a 2.90% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Home Bancorp Trading Up 2.8%
NASDAQ:HBCP traded up $1.72 on Friday, reaching $62.18. The stock had a trading volume of 39,570 shares, compared to its average volume of 40,084. The company has a market cap of $486.87 million, a price-to-earnings ratio of 10.59 and a beta of 0.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.97 and a quick ratio of 0.97. Home Bancorp, Inc. has a 12-month low of $39.59 and a 12-month high of $64.17. The firm's fifty day moving average is $60.25 and its two-hundred day moving average is $56.56.
Home Bancorp (NASDAQ:HBCP - Get Free Report) last released its earnings results on Monday, January 26th. The bank reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.07. Home Bancorp had a return on equity of 11.19% and a net margin of 22.01%.The firm had revenue of $37.26 million for the quarter, compared to the consensus estimate of $33.73 million. Equities analysts expect that Home Bancorp, Inc. will post 4.78 EPS for the current fiscal year.
Home Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Monday, February 9th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, February 9th. Home Bancorp's dividend payout ratio is presently 21.12%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HBCP. Raymond James Financial Inc. bought a new position in shares of Home Bancorp during the second quarter valued at $46,000. Tower Research Capital LLC TRC boosted its position 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 buying an additional 769 shares in the last quarter. CWM LLC raised its stake in shares of Home Bancorp by 31.1% in the second quarter. CWM LLC now owns 1,713 shares of the bank's stock valued at $89,000 after acquiring an additional 406 shares during the last quarter. Canton Hathaway LLC acquired a new position in shares of Home Bancorp in the 3rd quarter worth approximately $118,000. Finally, Occudo Quantitative Strategies LP bought a new stake in Home Bancorp during the 4th quarter worth approximately $202,000. 49.41% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have weighed in on HBCP. Zacks Research upgraded shares of Home Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 2nd. Weiss Ratings restated a "buy (b)" rating on shares of Home Bancorp in a research report on Monday, December 29th. Finally, Hovde Group boosted their price target on shares of Home Bancorp from $61.00 to $62.00 and gave the stock a "market perform" rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Home Bancorp currently has an average rating of "Buy" and a consensus price target of $63.00.
Read Our Latest Stock Report on HBCP
Home Bancorp Company Profile
(
Get Free Report)
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.
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