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

Home Bancorp, Inc. (NASDAQ:HBCP) reached a new 52-week high on Friday . The company traded as high as $69.40 and last traded at $69.36, with a volume of 230374 shares trading hands. The stock had previously closed at $67.59.

Analyst Ratings Changes

HBCP has been the subject of a number of recent research reports. Hovde Group increased their target price on Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a report on Wednesday, April 22nd. Piper Sandler cut Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price target on the stock. in a research report on Wednesday, April 22nd. Zacks Research lowered Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Weiss Ratings raised Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.50.

Home Bancorp Trading Up 2.4%

The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. The company has a market cap of $542.37 million, a P/E ratio of 11.63 and a beta of 0.50. The business has a 50-day moving average price of $64.68 and a two-hundred day moving average price of $61.89.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings data on Monday, April 20th. The bank reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.06. The business had revenue of $38.22 million for the quarter, compared to analyst estimates of $33.63 million. Home Bancorp had a net margin of 22.18% and a return on equity of 10.86%. During the same quarter last year, the firm earned $1.37 EPS. On average, analysts predict that Home Bancorp, Inc. will post 5.98 EPS for the current year.

Home Bancorp Announces Dividend

The firm 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. The ex-dividend date was Monday, May 4th. This represents a $1.24 annualized dividend and a yield of 1.8%. Home Bancorp’s payout ratio is currently 20.84%.

Insiders Place Their Bets

In related news, Director Daniel G. Guidry sold 1,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $64.50, for a total value of $64,500.00. Following the sale, the director directly owned 64,019 shares of the company’s stock, valued at approximately $4,129,225.50. The trade was a 1.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Darren E. Guidry sold 1,600 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $62.78, for a total value of $100,448.00. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,653 shares of company stock valued at $359,063 in the last three months. Insiders own 6.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in Home Bancorp by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 429,581 shares of the bank’s stock worth $26,024,000 after purchasing an additional 7,792 shares during the period. Vanguard Group Inc. lifted its position in shares of Home Bancorp by 1.0% in the third quarter. Vanguard Group Inc. now owns 375,209 shares of the bank’s stock valued at $20,383,000 after buying an additional 3,760 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Home Bancorp by 64.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock worth $6,468,000 after acquiring an additional 46,546 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in Home Bancorp by 2.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 110,496 shares of the bank’s stock valued at $6,387,000 after purchasing an additional 2,182 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Home Bancorp by 0.4% during the 4th quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock valued at $6,144,000 after purchasing an additional 382 shares during the last quarter. Institutional investors 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.