Key Points
- Home Bancorp CFO David Kirkley sold 655 shares on May 13 at an average price of $62.80, totaling about $41,134. After the sale, he still held 5,064 shares, reducing his position by 11.45%.
- The stock was trading near $62.75, down 0.8% for the day, and remains close to its 52-week high of $65.94. The company has a market cap of about $492 million and a low debt-to-equity ratio of 0.12.
- Home Bancorp reported better-than-expected quarterly results, with EPS of $1.45 versus the $1.39 estimate and revenue of $38.22 million versus $33.63 million expected. The company also announced a quarterly dividend of $0.31 per share, yielding about 2.0% annually.
Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) CFO David Kirkley sold 220 shares of the firm's stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $63.27, for a total value of $13,919.40. Following the completion of the transaction, the chief financial officer directly owned 5,719 shares of the company's stock, valued at approximately $361,841.13. This trade represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Home Bancorp Stock Down 0.8%
Shares of HBCP stock opened at $62.75 on Thursday. The stock has a market cap of $491.96 million, a P/E ratio of 10.55 and a beta of 0.50. Home Bancorp, Inc. has a one year low of $47.96 and a one year high of $65.94. The stock has a fifty day moving average price of $61.80 and a 200 day moving average price of $59.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98.
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 10.86% and a net margin of 22.18%.During the same period last year, the business earned $1.37 earnings per share. Analysts predict 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
Several hedge funds have recently bought and sold shares of HBCP. Raymond James Financial Inc. acquired a new position in Home Bancorp during the second quarter worth $46,000. Tower Research Capital LLC TRC raised its stake in 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 acquiring an additional 769 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new position in Home Bancorp during the fourth quarter worth $202,000. Mercer Global Advisors Inc. ADV acquired a new position in Home Bancorp during the fourth quarter worth $208,000. Finally, Mariner LLC acquired a new position in Home Bancorp during the fourth quarter worth $211,000. 49.41% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
HBCP has been the subject of several research reports. Weiss Ratings raised Home Bancorp from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Monday, May 4th. 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. 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. Finally, Zacks Research lowered Home Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Home Bancorp presently has a consensus rating of "Moderate Buy" and an average price target of $65.50.
Get Our Latest Stock Analysis on Home Bancorp
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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