Home Bancorp (NASDAQ:HBCP) Reaches New 1-Year High – Still a Buy?

Shares of Home Bancorp, Inc. (NASDAQ:HBCP) hit a new 52-week high during trading on Monday . The company traded as high as $72.70 and last traded at $72.4340, with a volume of 35757 shares traded. The stock had previously closed at $71.34.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HBCP. Weiss Ratings restated a “buy (a-)” rating on shares of Home Bancorp in a research report on Friday. Raymond James Financial reiterated an “outperform” rating and set a $74.00 price target on shares of Home Bancorp in a research report on Wednesday, July 22nd. Piper Sandler downgraded shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price target for the company. in a research note on Wednesday, April 22nd. Finally, Hovde Group increased 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. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

Home Bancorp Price Performance

The firm has a market cap of $568.48 million, a price-to-earnings ratio of 12.13 and a beta of 0.50. 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 company has a 50 day moving average of $68.04 and a 200 day moving average of $63.93.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings data on Monday, July 20th. The bank reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. Home Bancorp had a return on equity of 10.77% and a net margin of 22.23%.The business had revenue of $39.72 million during the quarter, compared to analyst estimates of $38.57 million. Equities research analysts predict that Home Bancorp, Inc. will post 5.98 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.28 annualized dividend and a yield of 1.8%. This is an increase from Home Bancorp’s previous quarterly dividend of $0.31. Home Bancorp’s payout ratio is presently 21.40%.

Insider Buying and Selling at Home Bancorp

In related news, Director Daniel G. Guidry sold 1,000 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $65.01, for a total transaction of $65,010.00. Following the completion of the transaction, the director directly owned 63,519 shares in the company, valued at approximately $4,129,370.19. This trade represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David T. Kirkley sold 655 shares of the 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 approximately $318,019.20. The trade was a 11.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,742 shares of company stock valued at $238,985 in the last 90 days. 6.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Home Bancorp

A number of large investors have recently bought and sold shares of HBCP. Elizabeth Park Capital Advisors Ltd. raised its holdings in shares of Home Bancorp by 40.9% in the fourth quarter. Elizabeth Park Capital Advisors Ltd. now owns 34,469 shares of the bank’s stock valued at $1,992,000 after purchasing an additional 10,000 shares during the last quarter. Summit Financial Wealth Advisors LLC boosted its holdings in Home Bancorp by 31.1% during the first quarter. Summit Financial Wealth Advisors LLC now owns 36,013 shares of the bank’s stock worth $2,182,000 after purchasing an additional 8,539 shares during the last quarter. LSV Asset Management boosted its holdings in Home Bancorp by 56.4% during the fourth quarter. LSV Asset Management now owns 34,425 shares of the bank’s stock worth $1,990,000 after purchasing an additional 12,420 shares during the last quarter. Sei Investments Co. grew its position in Home Bancorp by 69.9% in the first quarter. Sei Investments Co. now owns 8,994 shares of the bank’s stock valued at $545,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Home Bancorp by 6.5% in the first quarter. Bank of New York Mellon Corp now owns 33,867 shares of the bank’s stock valued at $2,052,000 after purchasing an additional 2,079 shares in 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.