Home Bancorp (NASDAQ:HBCP) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Home Bancorp, Inc. (NASDAQ:HBCP)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $59.26 and traded as high as $65.63. Home Bancorp shares last traded at $65.40, with a volume of 74,967 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HBCP shares. Hovde Group upped their price objective on shares of 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 raised shares of Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday. Piper Sandler cut shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price objective for the company. in a research note on Wednesday, April 22nd. Finally, Zacks Research cut shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One 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 data from MarketBeat.com, Home Bancorp has an average rating of “Moderate Buy” and a consensus target price of $65.50.

Home Bancorp Stock Down 1.5%

The company has a market cap of $505.13 million, a PE ratio of 10.83 and a beta of 0.50. The stock’s 50 day moving average price is $61.55 and its 200-day moving average price is $59.26. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.97 and a current ratio of 0.97.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Monday, April 20th. The bank reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. The business 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 11.00%. During the same quarter in the prior year, the company posted $1.37 EPS. On average, analysts predict that Home Bancorp, Inc. will post 5.92 earnings per share for the current year.

Home Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.24 annualized dividend and a yield of 1.9%. Home Bancorp’s dividend payout ratio is presently 20.84%.

Insider Buying and Selling at Home Bancorp

In other Home Bancorp news, EVP Darren E. Guidry sold 1,600 shares of the 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 of the company’s stock, valued at $1,163,313.40. This represents a 7.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Chris P. Rader purchased 500 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were purchased at an average cost of $59.50 per share, with a total value of $29,750.00. Following the transaction, the director directly owned 17,714 shares in the company, valued at $1,053,983. This trade represents a 2.90% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 6.20% of the company’s stock.

Institutional Investors Weigh In On Home Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. lifted its position in shares of Home Bancorp by 52.6% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 108,314 shares of the bank’s stock worth $5,884,000 after purchasing an additional 37,318 shares during the period. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Home Bancorp in the 3rd quarter worth about $932,000. TrueMark Investments LLC purchased a new stake in shares of Home Bancorp in the 3rd quarter worth about $1,054,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Home Bancorp in the 3rd quarter worth about $932,000. Finally, Elizabeth Park Capital Advisors Ltd. purchased a new stake in shares of Home Bancorp in the 3rd quarter worth about $1,329,000. Hedge funds and other institutional investors own 49.41% of the company’s stock.

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.