Home Bancorp (NASDAQ:HBCP) Sets New 52-Week High – Should You Buy?

Home Bancorp, Inc. (NASDAQ:HBCP) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $73.35 and last traded at $72.85, with a volume of 21155 shares trading hands. The stock had previously closed at $72.08.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HBCP shares. Piper Sandler downgraded 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. Raymond James Financial reissued an “outperform” rating and set a $74.00 price target on shares of Home Bancorp in a report on Wednesday, July 22nd. Hovde Group upped their price objective 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, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Home Bancorp in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Home Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $69.50.

Home Bancorp Stock Performance

The company has a market capitalization of $567.91 million, a P/E ratio of 12.11 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.97 and a quick ratio of 0.97. The company has a fifty day moving average price of $68.92 and a two-hundred day moving average price of $64.36.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings data on Monday, July 20th. The bank reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Home Bancorp had a net margin of 22.23% and a return on equity of 10.65%. The business had revenue of $39.72 million during the quarter, compared to analyst estimates of $38.57 million. Equities analysts forecast that Home Bancorp, Inc. will post 5.98 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be given a $0.32 dividend. This is an increase from Home Bancorp’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, August 3rd. This represents a $1.28 annualized dividend and a yield of 1.8%. Home Bancorp’s dividend payout ratio is currently 21.40%.

Insider Activity

In other news, Director Daniel G. Guidry sold 1,000 shares of Home Bancorp stock in a transaction 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 transaction, the director owned 63,519 shares in the company, valued at approximately $4,129,370.19. The trade was 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 accessible through the SEC website. Insiders own 6.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Elizabeth Park Capital Advisors Ltd. lifted its holdings in Home Bancorp by 40.9% during the 4th quarter. Elizabeth Park Capital Advisors Ltd. now owns 34,469 shares of the bank’s stock worth $1,992,000 after buying an additional 10,000 shares during the period. Summit Financial Wealth Advisors LLC increased its stake in shares of Home Bancorp by 31.1% in the first quarter. Summit Financial Wealth Advisors LLC now owns 36,013 shares of the bank’s stock valued at $2,182,000 after buying an additional 8,539 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Home Bancorp by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 429,581 shares of the bank’s stock valued at $26,024,000 after buying an additional 7,792 shares during the period. LSV Asset Management raised its position in shares of Home Bancorp by 56.4% during the fourth quarter. LSV Asset Management now owns 34,425 shares of the bank’s stock worth $1,990,000 after acquiring an additional 12,420 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Home Bancorp by 6.0% during the first quarter. Empowered Funds LLC now owns 48,727 shares of the bank’s stock worth $2,952,000 after acquiring an additional 2,737 shares during the last quarter. 49.41% of the stock is owned by institutional investors.

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.