Key Points
- EVP John Iv Zollinger sold 311 shares on April 28 at an average price of $63.12 for about $19,630, leaving him with 7,441 shares (a 4.01% reduction in his ownership).
- Q1 results beat expectations: Home Bancorp reported EPS of $1.45 vs. $1.39 expected and revenue of $38.22M vs. $33.63M, with a return on equity of 11.0% and a net margin of 22.18%; analysts’ consensus rating is "Hold" with a $65.50 price target.
- Dividend announced: the company declared a $0.31 quarterly dividend (annualized $1.24) payable May 15 to holders of record May 4, implying a ~2.0% yield and a dividend payout ratio of 20.84%.
Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) EVP John Iv Zollinger sold 311 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $63.12, for a total value of $19,630.32. Following the completion of the sale, the executive vice president directly owned 7,441 shares of the company's stock, valued at $469,675.92. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Home Bancorp Stock Up 0.9%
HBCP opened at $63.39 on Wednesday. The stock has a market capitalization of $496.98 million, a price-to-earnings ratio of 10.65 and a beta of 0.53. Home Bancorp, Inc. has a 1-year low of $47.96 and a 1-year high of $65.94. The business has a 50 day moving average of $61.22 and a 200-day moving average of $58.87. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.13.
Home Bancorp (NASDAQ:HBCP - Get Free Report) last issued its earnings results on Monday, April 20th. The bank reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. The firm had revenue of $38.22 million during the quarter, compared to analysts' expectations of $33.63 million. Home Bancorp had a return on equity of 11.00% and a net margin of 22.18%.During the same period last year, the business earned $1.37 earnings per share. As a group, sell-side analysts anticipate that Home Bancorp, Inc. will post 5.92 earnings per share for the current year.
Home Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, May 4th. Home Bancorp's dividend payout ratio (DPR) is 20.84%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Hillsdale Investment Management Inc. raised its stake in Home Bancorp by 52.6% during the third quarter. Hillsdale Investment Management Inc. now owns 108,314 shares of the bank's stock worth $5,884,000 after acquiring an additional 37,318 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in Home Bancorp during the third quarter worth $932,000. TrueMark Investments LLC acquired a new position in Home Bancorp during the third quarter worth $1,054,000. Elevation Point Wealth Partners LLC acquired a new position in Home Bancorp during the third quarter worth $932,000. Finally, Elizabeth Park Capital Advisors Ltd. acquired a new position in Home Bancorp during the third quarter worth $1,329,000. 49.41% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts recently commented on HBCP shares. Hovde Group raised their target price on Home Bancorp from $62.00 to $65.50 and gave the stock a "market perform" rating in a research report on Wednesday, April 22nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Home Bancorp in a research report on Friday, March 27th. Zacks Research cut Home Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 30th. Finally, Piper Sandler cut Home Bancorp from an "overweight" rating to a "neutral" rating and set a $69.00 target price for the company. in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $65.50.
Get Our Latest Stock Analysis on Home Bancorp
About Home Bancorp
(
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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