Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) EVP Darren Guidry sold 1,600 shares of the business's stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $62.78, for a total transaction of $100,448.00. Following the transaction, the executive vice president directly owned 18,530 shares in the company, valued at approximately $1,163,313.40. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Home Bancorp Trading Down 0.4%
NASDAQ HBCP opened at $62.19 on Friday. The company's fifty day simple moving average is $61.29 and its 200-day simple moving average is $58.92. Home Bancorp, Inc. has a 52 week low of $47.96 and a 52 week high of $65.94. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.13. The stock has a market cap of $487.45 million, a P/E ratio of 10.45 and a beta of 0.53.
Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its quarterly earnings results on Monday, April 20th. The bank reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $38.22 million for 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 11.00%. During the same period in the prior year, the company posted $1.37 earnings per share. Equities research analysts predict that Home Bancorp, Inc. will post 5.92 EPS for the current fiscal year.
Home Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.24 annualized dividend and a yield of 2.0%. Home Bancorp's dividend payout ratio is currently 20.84%.
Institutional Trading of Home Bancorp
Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of Home Bancorp during the second quarter worth $46,000. Tower Research Capital LLC TRC raised its holdings in shares of Home Bancorp by 116.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank's stock worth $74,000 after purchasing an additional 769 shares during the period. Canton Hathaway LLC acquired a new stake in shares of Home Bancorp during the third quarter worth $118,000. Occudo Quantitative Strategies LP acquired a new stake in shares of Home Bancorp during the fourth quarter worth $202,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Home Bancorp during the fourth quarter worth $208,000. 49.41% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
HBCP has been the topic of several recent analyst reports. Zacks Research cut shares of Home Bancorp from a "strong-buy" rating to a "hold" rating in a report on Monday, March 30th. Hovde Group upped their price target on shares of Home Bancorp from $62.00 to $65.50 and gave the company a "market perform" rating in a report on Wednesday, April 22nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Home Bancorp in a report on Friday, March 27th. Finally, Piper Sandler cut shares of 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. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Home Bancorp presently has an average rating of "Hold" and an average target price of $65.50.
Read Our Latest Report on HBCP
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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