Home Bancorp (NASDAQ:HBCP) EVP Darren Guidry Sells 1,600 Shares of Stock

Home Bancorp, Inc. (NASDAQ:HBCP) EVP Darren Guidry sold 1,600 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $62.78, for a total transaction of $100,448.00. Following the completion of the sale, the executive vice president owned 18,530 shares in the company, valued at $1,163,313.40. The trade was a 7.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Home Bancorp Trading Down 0.4%

NASDAQ HBCP opened at $62.19 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.97 and a quick ratio of 0.97. The firm’s fifty day moving average price is $61.29 and its 200 day moving average price is $58.92. The company has a market capitalization of $487.45 million, a price-to-earnings ratio of 10.45 and a beta of 0.53. Home Bancorp, Inc. has a 12 month low of $47.96 and a 12 month high of $65.94.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Monday, April 20th. The bank reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $38.22 million for the quarter, compared to the consensus estimate 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 last year, the firm posted $1.37 EPS. On average, sell-side analysts expect that Home Bancorp, Inc. will post 5.92 earnings per share for the current fiscal year.

Home Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be paid a $0.31 dividend. The ex-dividend date is Monday, May 4th. This represents a $1.24 dividend on an annualized basis and a yield of 2.0%. Home Bancorp’s payout ratio is currently 20.84%.

Hedge Funds Weigh In On Home Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PDT Partners LLC grew its stake in Home Bancorp by 3.7% during the second quarter. PDT Partners LLC now owns 6,798 shares of the bank’s stock worth $352,000 after buying an additional 245 shares during the period. Rhumbline Advisers lifted its position in shares of Home Bancorp by 2.4% during the second quarter. Rhumbline Advisers now owns 10,705 shares of the bank’s stock worth $554,000 after purchasing an additional 250 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Home Bancorp by 0.4% during the fourth quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock worth $6,144,000 after purchasing an additional 382 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Home Bancorp by 11.8% during the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock worth $258,000 after purchasing an additional 607 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Home Bancorp by 4.0% during the third quarter. Russell Investments Group Ltd. now owns 16,439 shares of the bank’s stock worth $893,000 after purchasing an additional 637 shares in the last quarter. Institutional investors and hedge funds own 49.41% of the company’s stock.

Analyst Upgrades and Downgrades

HBCP has been the topic of several analyst reports. Zacks Research downgraded shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Hovde Group lifted their target price 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. Piper Sandler downgraded shares of 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Bancorp in a report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Home Bancorp has a consensus rating of “Hold” and a consensus price target of $65.50.

About Home Bancorp

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.