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

Home Bancorp, Inc. (NASDAQ:HBCP) reached a new 52-week high on Tuesday . The stock traded as high as $66.00 and last traded at $65.94, with a volume of 2731 shares trading hands. The stock had previously closed at $65.16.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HBCP. Hovde Group raised their price objective on Home Bancorp from $62.00 to $65.50 and gave the company a “market perform” rating in a research note on Wednesday, April 22nd. Zacks Research downgraded Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Piper Sandler downgraded 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, Weiss Ratings raised Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Home Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $65.50.

Home Bancorp Trading Down 0.0%

The business has a fifty day simple moving average of $62.52 and a 200 day simple moving average of $60.08. The stock has a market cap of $509.29 million, a price-to-earnings ratio of 10.92 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98.

Home Bancorp (NASDAQ:HBCP) last announced 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. The firm had revenue of $38.22 million for the quarter, compared to analysts’ expectations of $33.63 million. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.During the same quarter in the prior year, the firm earned $1.37 EPS. As a group, equities analysts anticipate that Home Bancorp, Inc. will post 5.98 EPS for the current year.

Home Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders 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 yield of 1.9%. The ex-dividend date was Monday, May 4th. Home Bancorp’s dividend payout ratio is 20.84%.

Insider Buying and Selling

In other Home Bancorp news, CFO David T. Kirkley sold 655 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $62.80, for a total transaction of $41,134.00. Following the sale, the chief financial officer owned 5,064 shares in the company, valued at approximately $318,019.20. This represents a 11.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $100,448.00. Following the sale, the executive vice president owned 18,530 shares in the company, valued at approximately $1,163,313.40. This trade represents a 7.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,653 shares of company stock worth $359,063 in the last 90 days. Corporate insiders own 6.20% of the company’s stock.

Institutional Investors Weigh In On Home Bancorp

A number of large investors have recently bought and sold shares of HBCP. Hotchkis & Wiley Capital Management LLC grew its holdings in Home Bancorp by 64.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock valued at $6,468,000 after buying an additional 46,546 shares during the last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of Home Bancorp by 52.6% during the third 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 last quarter. Marshall Wace LLP boosted its holdings in shares of Home Bancorp by 636.7% during the second quarter. Marshall Wace LLP now owns 42,027 shares of the bank’s stock worth $2,176,000 after purchasing an additional 36,322 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Home Bancorp by 668.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 38,040 shares of the bank’s stock worth $1,970,000 after purchasing an additional 33,090 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Home Bancorp by 41.4% during the fourth quarter. AQR Capital Management LLC now owns 103,243 shares of the bank’s stock worth $5,967,000 after purchasing an additional 30,224 shares during the last quarter. Institutional investors and hedge funds own 49.41% of the company’s stock.

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.