Home Bancorp (NASDAQ:HBCP) Hits New 52-Week High – What’s Next?

Home Bancorp, Inc. (NASDAQ:HBCP)’s share price reached a new 52-week high on Thursday . The company traded as high as $70.71 and last traded at $70.66, with a volume of 93931 shares changing hands. The stock had previously closed at $68.52.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Hovde Group lifted their price objective on shares of Home Bancorp from $62.00 to $65.50 and gave the company a “market perform” rating in a report on Wednesday, April 22nd. Piper Sandler cut shares of 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 downgraded 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 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.50.

Home Bancorp Stock Up 3.1%

The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $553.97 million, a P/E ratio of 11.88 and a beta of 0.49. The stock’s 50-day simple moving average is $65.12 and its 200-day simple moving average is $62.20.

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

Home Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, May 4th. Home Bancorp’s dividend payout ratio (DPR) is presently 20.84%.

Insiders Place Their Bets

In other Home Bancorp news, Director Daniel G. Guidry sold 1,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $65.01, for a total value of $65,010.00. Following the completion of the transaction, the director owned 63,519 shares in the company, valued at $4,129,370.19. This represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David T. Kirkley sold 655 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $62.80, for a total value of $41,134.00. Following the sale, the chief financial officer directly owned 5,064 shares of the company’s stock, valued at approximately $318,019.20. This represents a 11.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 5,653 shares of company stock valued at $359,063. 6.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Home Bancorp

Several institutional investors have recently added to or reduced their stakes in HBCP. Dimensional Fund Advisors LP increased 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 buying an additional 7,792 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Home Bancorp by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 375,209 shares of the bank’s stock valued at $20,383,000 after acquiring an additional 3,760 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position 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 valued at $6,468,000 after acquiring an additional 46,546 shares during the period. Hillsdale Investment Management Inc. increased its stake in shares of Home Bancorp by 2.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 110,496 shares of the bank’s stock worth $6,387,000 after purchasing an additional 2,182 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Home Bancorp by 0.4% during the 4th quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock worth $6,144,000 after purchasing an additional 382 shares during the last quarter. 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.