Insider Selling: Home Bancorp, Inc. (NASDAQ:HBCP) Director Sells $101,880.00 in Stock

Home Bancorp, Inc. (NASDAQ:HBCP) Director Daniel G. Guidry sold 2,000 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $50.94, for a total transaction of $101,880.00. Following the completion of the transaction, the director now directly owns 64,819 shares of the company’s stock, valued at approximately $3,301,879.86. This trade represents a 2.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Home Bancorp Stock Performance

Shares of HBCP stock opened at $50.87 on Friday. The company has a fifty day moving average price of $45.62 and a two-hundred day moving average price of $47.31. Home Bancorp, Inc. has a one year low of $35.16 and a one year high of $52.77. The stock has a market cap of $408.03 million, a P/E ratio of 11.18 and a beta of 0.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Monday, April 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.23. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. The business had revenue of $35.76 million during the quarter, compared to the consensus estimate of $30.90 million. During the same period last year, the business posted $1.14 EPS. As a group, equities analysts predict that Home Bancorp, Inc. will post 4.78 EPS for the current year.

Home Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Monday, May 5th will be given a $0.27 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.12%. Home Bancorp’s payout ratio is 22.59%.

Analysts Set New Price Targets

A number of research firms have recently commented on HBCP. Hovde Group increased their price objective on shares of Home Bancorp from $48.50 to $51.50 and gave the stock a “market perform” rating in a research note on Thursday, April 24th. StockNews.com raised Home Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Piper Sandler boosted their price target on Home Bancorp from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 23rd.

Institutional Investors Weigh In On Home Bancorp

A number of large investors have recently added to or reduced their stakes in HBCP. Picton Mahoney Asset Management increased its holdings in shares of Home Bancorp by 100.7% in the fourth quarter. Picton Mahoney Asset Management now owns 590 shares of the bank’s stock valued at $27,000 after purchasing an additional 296 shares during the last quarter. CWM LLC boosted its holdings in shares of Home Bancorp by 92.2% during the 1st quarter. CWM LLC now owns 1,307 shares of the bank’s stock worth $59,000 after buying an additional 627 shares during the period. Tower Research Capital LLC TRC grew its stake in Home Bancorp by 247.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,322 shares of the bank’s stock valued at $61,000 after buying an additional 942 shares during the last quarter. SG Americas Securities LLC grew its stake in Home Bancorp by 27.2% in the 4th quarter. SG Americas Securities LLC now owns 3,125 shares of the bank’s stock valued at $144,000 after buying an additional 668 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in Home Bancorp in the 4th quarter valued at about $180,000. Institutional investors own 49.41% of the company’s stock.

About Home Bancorp

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana, Mississippi, and Texas. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.