Key Points
- Home Bancorp director Daniel Guidry sold 1,000 shares on May 21 at an average price of $65.01, for total proceeds of $65,010. After the sale, he still held 63,519 shares valued at about $4.13 million.
- The company recently reported strong quarterly earnings, posting $1.45 EPS versus the $1.39 consensus estimate and revenue of $38.22 million, also ahead of expectations.
- Home Bancorp paid a quarterly dividend of $0.31 per share, equivalent to an annualized yield of 1.9%, while analysts currently rate the stock a “Moderate Buy” with an average price target of $65.50.
Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) Director Daniel Guidry sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $65.01, for a total transaction of $65,010.00. Following the completion of the transaction, the director owned 63,519 shares in the company, valued at $4,129,370.19. This represents a 1.55% 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 hyperlink.
Home Bancorp Price Performance
Shares of HBCP stock opened at $65.16 on Friday. The firm's 50 day moving average price is $62.27 and its two-hundred day moving average price is $59.92. 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, Inc. has a 52-week low of $47.96 and a 52-week high of $65.94. The stock has a market cap of $511.05 million, a PE ratio of 10.95 and a beta of 0.50.
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, beating the consensus estimate of $1.39 by $0.06. The company had revenue of $38.22 million during 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 10.86%. During the same quarter in the previous year, the company posted $1.37 EPS. As a group, analysts forecast that Home Bancorp, Inc. will post 5.98 EPS for the current year.
Home Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, May 4th. Home Bancorp's dividend payout ratio is currently 20.84%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. 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 report on Wednesday, April 22nd. Hovde Group upped their price target on Home Bancorp from $62.00 to $65.50 and gave the company a "market perform" rating in a research note on Wednesday, April 22nd. Weiss Ratings upgraded shares of Home Bancorp from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Monday, May 4th. Finally, Zacks Research lowered shares of Home Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $65.50.
View Our Latest Stock Report on Home Bancorp
Institutional Investors Weigh In On Home Bancorp
Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in Home Bancorp by 84.1% during the 1st quarter. Bank of America Corp DE now owns 24,268 shares of the bank's stock worth $1,470,000 after acquiring an additional 11,085 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Home Bancorp by 6.0% in the first quarter. Empowered Funds LLC now owns 48,727 shares of the bank's stock valued at $2,952,000 after purchasing an additional 2,737 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Home Bancorp by 60.5% in the first quarter. Quantinno Capital Management LP now owns 17,925 shares of the bank's stock worth $1,086,000 after purchasing an additional 6,760 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Home Bancorp by 141.0% during the first quarter. Lazard Asset Management LLC now owns 9,429 shares of the bank's stock worth $571,000 after purchasing an additional 5,516 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Home Bancorp by 69.9% during the first quarter. Sei Investments Co. now owns 8,994 shares of the bank's stock worth $545,000 after purchasing an additional 3,700 shares during the last quarter. Institutional investors own 49.41% of the company's stock.
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

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].