Home Bancorp (NASDAQ:HBCP) EVP John Iv Zollinger Sells 750 Shares of Stock

Home Bancorp, Inc. (NASDAQ:HBCP) EVP John Iv Zollinger sold 750 shares of Home Bancorp stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $71.68, for a total transaction of $53,760.00. Following the transaction, the executive vice president directly owned 7,643 shares of the company’s stock, valued at approximately $547,850.24. This represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Home Bancorp Stock Performance

HBCP stock opened at $69.47 on Thursday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $69.46 and its two-hundred day simple moving average is $64.78. Home Bancorp, Inc. has a twelve month low of $50.54 and a twelve month high of $74.50. The firm has a market cap of $544.64 million, a price-to-earnings ratio of 11.62 and a beta of 0.50.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings data on Monday, July 20th. The bank reported $1.48 EPS for the quarter, topping the consensus estimate of $1.46 by $0.02. The company had revenue of $39.72 million for the quarter, compared to the consensus estimate of $38.57 million. Home Bancorp had a return on equity of 10.65% and a net margin of 22.23%. Analysts predict that Home Bancorp, Inc. will post 5.98 earnings per share for the current year.

Home Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a $0.32 dividend. This is a boost from Home Bancorp’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 3rd. Home Bancorp’s dividend payout ratio is 21.40%.

Institutional Trading of Home Bancorp

Several institutional investors have recently bought and sold shares of the business. PDT Partners LLC lifted its holdings in Home Bancorp by 3.7% during the second quarter. PDT Partners LLC now owns 6,798 shares of the bank’s stock valued at $352,000 after purchasing an additional 245 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Home Bancorp by 2.4% during the second quarter. Rhumbline Advisers now owns 10,705 shares of the bank’s stock worth $554,000 after purchasing an additional 250 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of 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 purchasing an additional 382 shares in the last quarter. Royal Bank of Canada raised its position in shares of Home Bancorp by 11.8% during the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock worth $258,000 after purchasing an additional 607 shares during the last quarter. Finally, BCM Advisors LLC raised its position in shares of Home Bancorp by 11.2% during the 1st quarter. BCM Advisors LLC now owns 6,223 shares of the bank’s stock worth $396,000 after purchasing an additional 628 shares during the last quarter. 49.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HBCP has been the subject of a number of research reports. Raymond James Financial reaffirmed 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 lowered Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price objective on the stock. in a report on Wednesday, April 22nd. Weiss Ratings restated a “buy (a-)” rating on shares of Home Bancorp in a research note on Friday, July 31st. Finally, Hovde Group lifted their target price on Home Bancorp from $62.00 to $65.50 and gave the stock 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.50.

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.