Home Bancorp (NASDAQ:HBCP) Releases Earnings Results, Beats Expectations By $0.02 EPS

Home Bancorp (NASDAQ:HBCP) issued its quarterly earnings results on Monday. The bank reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02, Zacks reports. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.

Home Bancorp Stock Performance

NASDAQ HBCP traded down $0.94 on Monday, hitting $68.37. 171,713 shares of the stock traded hands, compared to its average volume of 87,357. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98. The business’s fifty day moving average is $66.46 and its two-hundred day moving average is $62.94. Home Bancorp has a 12 month low of $49.49 and a 12 month high of $71.69. The firm has a market capitalization of $536.02 million, a price-to-earnings ratio of 11.49 and a beta of 0.49.

Insider Transactions at Home Bancorp

In related news, CFO David T. Kirkley sold 655 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $62.80, for a total value of $41,134.00. Following the sale, the chief financial officer directly owned 5,064 shares in the company, valued at approximately $318,019.20. The trade was a 11.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Darren E. Guidry sold 1,600 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $62.78, for a total transaction of $100,448.00. Following the sale, the executive vice president directly owned 18,530 shares in the company, valued at approximately $1,163,313.40. This trade represents a 7.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 5,653 shares of company stock worth $359,063 over the last quarter. 6.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Home Bancorp

Several large investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Home Bancorp in the second quarter valued at approximately $46,000. Tower Research Capital LLC TRC boosted its holdings in Home Bancorp by 116.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock worth $74,000 after buying an additional 769 shares during the period. Occudo Quantitative Strategies LP bought a new position in Home Bancorp in the 4th quarter worth approximately $202,000. Mercer Global Advisors Inc. ADV purchased a new position in Home Bancorp in the 4th quarter valued at approximately $208,000. Finally, Mariner LLC purchased a new position in Home Bancorp in the 4th quarter valued at approximately $211,000. Hedge funds and other institutional investors own 49.41% of the company’s stock.

Wall Street Analysts Forecast Growth

HBCP has been the subject of several research analyst 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 downgraded shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price target on the stock. in a report on Wednesday, April 22nd. Hovde Group raised their price objective on shares of Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a report on Wednesday, April 22nd. Finally, Zacks Research lowered shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. One equities 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.50.

Home Bancorp Company Profile

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.