Key Points
- Insider sale: EVP John Iv Zollinger sold 750 Home Bancorp shares for $53,760 at an average price of $71.68, reducing his stake by 8.94% to 7,643 shares.
- Financial performance: Home Bancorp beat quarterly estimates with EPS of $1.48 versus $1.46 expected and revenue of $39.72 million versus $38.57 million expected.
- Dividend and outlook: The company raised its quarterly dividend to $0.32, implying a $1.28 annual payout and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $69.50.
Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) EVP John Iv Zollinger sold 750 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $71.68, for a total value of $53,760.00. Following the transaction, the executive vice president owned 7,643 shares in the company, valued at approximately $547,850.24. This represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Home Bancorp Stock Down 2.8%
Shares of HBCP opened at $69.47 on Thursday. Home Bancorp, Inc. has a 52-week low of $50.54 and a 52-week high of $74.50. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $69.46 and a two-hundred day simple moving average of $64.78. The company has a market capitalization of $544.64 million, a PE ratio of 11.62 and a beta of 0.50.
Home Bancorp (NASDAQ:HBCP - Get Free Report) last released its quarterly earnings data on Monday, July 20th. The bank reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.02. Home Bancorp had a return on equity of 10.65% and a net margin of 22.23%.The firm had revenue of $39.72 million for the quarter, compared to analysts' expectations of $38.57 million. As a group, equities analysts forecast that Home Bancorp, Inc. will post 5.98 EPS for the current year.
Home Bancorp Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.28 annualized dividend and a yield of 1.8%. This is an increase from Home Bancorp's previous quarterly dividend of $0.31. Home Bancorp's dividend payout ratio is presently 21.40%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. Raymond James Financial reaffirmed an "outperform" rating and set a $74.00 price objective on shares of Home Bancorp in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a "buy (a-)" rating on shares of Home Bancorp in a report on Friday, July 31st. 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 note on Wednesday, April 22nd. Finally, Hovde Group upped their price target on Home Bancorp from $62.00 to $65.50 and gave the stock a "market perform" rating in a report on Wednesday, April 22nd. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $69.50.
Get Our Latest Stock Analysis on HBCP
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Home Bancorp by 64.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank's stock valued at $6,468,000 after acquiring an additional 46,546 shares during the period. Marshall Wace LLP increased its stake in shares of Home Bancorp by 636.7% during the 2nd quarter. Marshall Wace LLP now owns 42,027 shares of the bank's stock worth $2,176,000 after purchasing an additional 36,322 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Home Bancorp during the 2nd quarter worth approximately $2,429,000. Arrowstreet Capital Limited Partnership raised its position in shares of Home Bancorp by 668.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 38,040 shares of the bank's stock worth $1,970,000 after purchasing an additional 33,090 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Home Bancorp by 41.4% in the 4th quarter. AQR Capital Management LLC now owns 103,243 shares of the bank's stock valued at $5,967,000 after buying an additional 30,224 shares in the last quarter. 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.
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