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

Home Bancorp, Inc. (NASDAQ:HBCP)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $66.02 and last traded at $65.91, with a volume of 33092 shares changing hands. The stock had previously closed at $65.41.

Wall Street Analysts Forecast Growth

HBCP has been the subject of a number of research analyst reports. Hovde Group lifted their price target on 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 Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price objective for the company. in a report on Wednesday, April 22nd. Weiss Ratings raised Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Finally, Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $65.50.

Home Bancorp Price Performance

The company has a market capitalization of $512.42 million, a price-to-earnings ratio of 10.98 and a beta of 0.50. The company has a 50-day moving average price of $63.36 and a 200-day moving average price of $60.67. 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 posted its earnings results on Monday, April 20th. The bank reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.06. The company had revenue of $38.22 million during the quarter, compared to analyst estimates of $33.63 million. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.During the same period in the previous year, the company earned $1.37 EPS. On average, equities research analysts expect that Home Bancorp, Inc. will post 5.98 EPS for the current fiscal year.

Home Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, May 4th. Home Bancorp’s payout ratio is presently 20.84%.

Insider Buying and Selling

In other news, EVP Darren E. Guidry sold 1,600 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $62.78, for a total transaction of $100,448.00. Following the completion of the transaction, the executive vice president directly owned 18,530 shares in the company, valued at approximately $1,163,313.40. The trade was a 7.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David T. Kirkley sold 655 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $62.80, for a total value of $41,134.00. Following the transaction, the chief financial officer owned 5,064 shares of the company’s stock, valued at $318,019.20. The trade was a 11.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,653 shares of company stock valued at $359,063 over the last 90 days. 6.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Home Bancorp

Several institutional investors have recently modified their holdings of HBCP. Raymond James Financial Inc. acquired a new position in shares of Home Bancorp during the 2nd quarter worth about $46,000. Tower Research Capital LLC TRC grew its position in shares of Home Bancorp by 116.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after purchasing an additional 769 shares during the period. Occudo Quantitative Strategies LP acquired a new position in shares of Home Bancorp in the 4th quarter valued at approximately $202,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Home Bancorp in the 4th quarter valued at approximately $208,000. Finally, Mariner LLC acquired a new position in shares of Home Bancorp in the 4th quarter valued at approximately $211,000. 49.41% of the stock is currently owned by institutional investors and hedge funds.

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.