Home Bancorp (NASDAQ:HBCP) EVP Sells $54,421.59 in Stock

Home Bancorp, Inc. (NASDAQ:HBCP) EVP John Iv Zollinger sold 867 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $62.77, for a total value of $54,421.59. Following the completion of the sale, the executive vice president owned 7,643 shares in the company, valued at approximately $479,751.11. This trade represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Home Bancorp Stock Performance

Shares of Home Bancorp stock opened at $62.37 on Friday. The firm has a market cap of $489.17 million, a price-to-earnings ratio of 10.48 and a beta of 0.50. The stock’s 50-day moving average is $61.87 and its 200-day moving average is $59.58. Home Bancorp, Inc. has a one year low of $47.96 and a one year high of $65.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Monday, April 20th. The bank reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $38.22 million for the quarter, compared to the consensus estimate 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 previous year, the business earned $1.37 earnings per share. Equities analysts predict that Home Bancorp, Inc. will post 5.98 earnings per share for the current fiscal year.

Home Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. Home Bancorp’s payout ratio is currently 20.84%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Hovde Group lifted their target price on Home Bancorp from $62.00 to $65.50 and gave the company a “market perform” rating 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 report on Monday, March 30th. Piper Sandler downgraded Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 target price on the stock. in a research report on Wednesday, April 22nd. Finally, Weiss Ratings raised Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. One investment 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 company’s stock. Based on data from MarketBeat.com, Home Bancorp presently has an average rating of “Moderate Buy” and an average target price of $65.50.

Hedge Funds Weigh In On Home Bancorp

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position 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. increased its position in Home Bancorp by 1.0% during the third quarter. Vanguard Group Inc. now owns 375,209 shares of the bank’s stock worth $20,383,000 after buying an additional 3,760 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Home Bancorp by 64.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock worth $6,468,000 after buying an additional 46,546 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in Home Bancorp by 2.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 110,496 shares of the bank’s stock worth $6,387,000 after buying an additional 2,182 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Home Bancorp by 0.4% during the fourth quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock worth $6,144,000 after buying an additional 382 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.