A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Home Bancorp from a hold rating to a sell rating in a research note on Friday, June 7th. ValuEngine raised shares of Home Bancorp from a sell rating to a hold rating in a research note on Wednesday, May 8th.
NASDAQ HBCP opened at $36.05 on Monday. The firm has a market cap of $340.38 million, a price-to-earnings ratio of 10.13 and a beta of 0.34. Home Bancorp has a fifty-two week low of $32.59 and a fifty-two week high of $48.47. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.19.
Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Tuesday, April 23rd. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The firm had revenue of $24.89 million for the quarter, compared to analysts’ expectations of $25.25 million. Home Bancorp had a net margin of 27.58% and a return on equity of 10.99%. As a group, sell-side analysts predict that Home Bancorp will post 3.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Friday, May 3rd. This is a boost from Home Bancorp’s previous quarterly dividend of $0.20. Home Bancorp’s payout ratio is presently 23.60%.
In other Home Bancorp news, Director Chris P. Rader acquired 1,000 shares of Home Bancorp stock in a transaction that occurred on Friday, June 7th. The shares were bought at an average price of $35.90 per share, with a total value of $35,900.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John W. Bordelon sold 6,476 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $35.84, for a total transaction of $232,099.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,946 shares of company stock worth $394,895. Insiders own 12.40% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in shares of Home Bancorp by 3.1% during the 1st quarter. Geode Capital Management LLC now owns 77,154 shares of the bank’s stock valued at $2,565,000 after purchasing an additional 2,299 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Home Bancorp by 2.8% during the 1st quarter. Renaissance Technologies LLC now owns 226,700 shares of the bank’s stock valued at $7,538,000 after purchasing an additional 6,200 shares in the last quarter. Context BH Capital Management LP boosted its stake in shares of Home Bancorp by 7.3% during the 1st quarter. Context BH Capital Management LP now owns 56,472 shares of the bank’s stock valued at $1,878,000 after purchasing an additional 3,834 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Home Bancorp by 10.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 206,440 shares of the bank’s stock valued at $6,865,000 after purchasing an additional 18,838 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Home Bancorp by 3.2% during the 1st quarter. Wells Fargo & Company MN now owns 16,218 shares of the bank’s stock valued at $539,000 after purchasing an additional 504 shares in the last quarter. 36.73% of the stock is currently owned by institutional investors.
About Home Bancorp
Home Bancorp, Inc operates as the holding company for Home Bank, National Association that provides various banking products and services in Louisiana. It offers deposits products, including interest-bearing and noninterest-bearing checking, money market, savings, and certificates of deposit accounts.
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