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

Home Bancorp, Inc. (NASDAQ:HBCP) Director Daniel Guidry sold 1,000 shares of the company’s stock in a transaction dated 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 directly owned 63,519 shares of the company’s stock, valued at $4,129,370.19. This represents a 1.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Home Bancorp Price Performance

Shares of HBCP stock opened at $65.16 on Friday. Home Bancorp, Inc. has a 12 month low of $47.96 and a 12 month high of $65.94. The company has a market capitalization of $511.05 million, a P/E ratio of 10.95 and a beta of 0.50. The stock has a 50 day moving average of $62.27 and a two-hundred day moving average of $59.92. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12.

Home Bancorp (NASDAQ:HBCP) last issued 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. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.The business had revenue of $38.22 million during the quarter, compared to analyst estimates of $33.63 million. During the same period in the prior year, the company posted $1.37 earnings per share. As a group, equities analysts expect that Home Bancorp, Inc. will post 5.98 EPS for the current year.

Home Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, May 4th. Home Bancorp’s dividend payout ratio (DPR) is presently 20.84%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HBCP. Hovde Group increased their price target 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. Weiss Ratings raised Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Zacks Research lowered Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Piper Sandler cut Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 target price for the company. in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised 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 acquiring an additional 607 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Home Bancorp by 80.7% in the first quarter. AQR Capital Management LLC now owns 12,258 shares of the bank’s stock valued at $549,000 after acquiring an additional 5,476 shares during the last quarter. Empowered Funds LLC increased its position in Home Bancorp by 7.3% in the first quarter. Empowered Funds LLC now owns 33,749 shares of the bank’s stock worth $1,512,000 after purchasing an additional 2,301 shares during the period. Jane Street Group LLC acquired a new stake in Home Bancorp in the first quarter worth about $612,000. Finally, JPMorgan Chase & Co. raised its holdings in Home Bancorp by 9.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,669 shares of the bank’s stock worth $1,122,000 after purchasing an additional 1,878 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.