Daniel Guidry Sells 1,000 Shares of Home Bancorp (NASDAQ:HBCP) Stock

Key Points

  • Director Daniel Guidry sold 1,000 shares of Home Bancorp on May 11 at an average price of $64.50, totaling $64,500. After the sale, he still held 64,019 shares worth about $4.13 million.
  • Home Bancorp reported stronger-than-expected quarterly results, posting EPS of $1.45 versus the $1.39 consensus and revenue of $38.22 million, above analyst estimates. The company also said analysts expect full-year EPS of 5.92.
  • The company declared a quarterly dividend of $0.31 per share, payable May 15, implying an annualized dividend of $1.24 and a yield of 1.9%. The payout ratio is currently 20.84%.

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) Director Daniel Guidry sold 1,000 shares of Home Bancorp stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $64.50, for a total value of $64,500.00. Following the completion of the transaction, the director owned 64,019 shares of the company's stock, valued at approximately $4,129,225.50. This trade represents a 1.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Home Bancorp Stock Performance

NASDAQ:HBCP opened at $64.09 on Tuesday. The stock's fifty day moving average is $61.67 and its 200 day moving average is $59.40. Home Bancorp, Inc. has a fifty-two week low of $47.96 and a fifty-two week high of $65.94. The firm has a market capitalization of $502.47 million, a PE ratio of 10.77 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its quarterly earnings data on Monday, April 20th. The bank reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. Home Bancorp had a net margin of 22.18% and a return on equity of 10.86%. The company had revenue of $38.22 million during the quarter, compared to analyst estimates of $33.63 million. During the same period in the previous year, the firm earned $1.37 earnings per share. On average, sell-side analysts anticipate that Home Bancorp, Inc. will post 5.92 earnings per share for the current year.

Home Bancorp Announces Dividend




The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. Home Bancorp's payout ratio is currently 20.84%.

Analyst Ratings Changes

Several analysts have issued reports on HBCP shares. Zacks Research downgraded shares of Home Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th. Piper Sandler cut Home Bancorp from an "overweight" rating to a "neutral" rating and set a $69.00 target price on the stock. in a research note on Wednesday, April 22nd. Weiss Ratings raised Home Bancorp from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Monday, May 4th. Finally, Hovde Group boosted their price objective on Home Bancorp from $62.00 to $65.50 and gave the company a "market perform" rating in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Home Bancorp has an average rating of "Moderate Buy" and a consensus target price of $65.50.

Check Out Our Latest Stock Analysis on Home Bancorp

Hedge Funds Weigh In On Home Bancorp

A number of institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of Home Bancorp during the second quarter valued at approximately $46,000. Tower Research Capital LLC TRC grew its stake 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 worth $74,000 after purchasing an additional 769 shares in the last quarter. Occudo Quantitative Strategies LP bought a new stake in Home Bancorp during the 4th quarter valued at $202,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Home Bancorp in the 4th quarter worth $208,000. Finally, Mariner LLC bought a new position in shares of Home Bancorp during the 4th quarter worth $211,000. 49.41% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

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