Home Bancorp (NASDAQ:HBCP) Director Daniel Guidry Sells 1,000 Shares of Stock

Home Bancorp, Inc. (NASDAQ:HBCP) Director Daniel Guidry sold 1,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $64.50, for a total transaction of $64,500.00. Following the completion of the transaction, the director directly owned 64,019 shares of the company’s stock, valued at $4,129,225.50. This represents a 1.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Home Bancorp Trading Down 0.5%

Shares of HBCP stock opened at $64.09 on Tuesday. 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 stock has a fifty day simple moving average of $61.67 and a two-hundred day simple moving average of $59.40. The firm has a market capitalization of $502.47 million, a PE ratio of 10.77 and a beta of 0.50. Home Bancorp, Inc. has a 52-week low of $47.96 and a 52-week high of $65.94.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Monday, April 20th. The bank reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. The business had revenue of $38.22 million for the quarter, compared to the consensus estimate of $33.63 million. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.During the same period in the previous year, the business earned $1.37 earnings per share. On average, analysts predict that Home Bancorp, Inc. will post 5.92 EPS for the current fiscal year.

Home Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. Home Bancorp’s payout ratio is currently 20.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Zacks Research lowered shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Weiss Ratings raised shares of Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Hovde Group upped their target price on shares of 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, Piper Sandler cut shares of 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. One research 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 stock. According to MarketBeat.com, Home Bancorp presently has an average rating of “Moderate Buy” and an average target price of $65.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HBCP. PDT Partners LLC raised 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 valued at $352,000 after purchasing an additional 245 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Home Bancorp by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 10,705 shares of the bank’s stock worth $554,000 after buying an additional 250 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Home Bancorp by 0.4% in the 4th quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock worth $6,144,000 after buying an additional 382 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Home Bancorp by 11.8% in the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock worth $258,000 after buying an additional 607 shares during the last quarter. Finally, BCM Advisors LLC increased its holdings in shares of Home Bancorp by 11.2% in the 1st quarter. BCM Advisors LLC now owns 6,223 shares of the bank’s stock worth $396,000 after buying an additional 628 shares during the last quarter. 49.41% of the stock is currently owned by institutional investors.

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.