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 that occurred on Wednesday, May 13th. The stock was 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 directly owned 7,643 shares in the company, valued at approximately $479,751.11. This 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 accessible through the SEC website.

Home Bancorp Stock Down 0.8%

Shares of Home Bancorp stock traded down $0.52 during midday trading on Wednesday, hitting $62.75. The company had a trading volume of 79,713 shares, compared to its average volume of 88,605. Home Bancorp, Inc. has a 52-week low of $47.96 and a 52-week high of $65.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $492.15 million, a P/E ratio of 10.55 and a beta of 0.50. The company has a 50 day moving average of $61.75 and a 200 day moving average of $59.46.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data 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. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.The business had revenue of $38.22 million during the quarter, compared to analysts’ expectations of $33.63 million. During the same quarter in the previous year, the business earned $1.37 earnings per share. On average, equities analysts predict that Home Bancorp, Inc. will post 5.92 earnings per share for the current fiscal year.

Home Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be paid a $0.31 dividend. The ex-dividend date is Monday, May 4th. This represents a $1.24 dividend on an annualized basis and a yield of 2.0%. Home Bancorp’s payout ratio is presently 20.84%.

Hedge Funds Weigh In On Home Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of HBCP. 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 valued at $26,024,000 after acquiring an additional 7,792 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Home Bancorp by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 375,209 shares of the bank’s stock valued at $20,383,000 after purchasing an additional 3,760 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Home Bancorp by 64.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock valued at $6,468,000 after purchasing an additional 46,546 shares during the period. Hillsdale Investment Management Inc. increased its position in shares of Home Bancorp by 2.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 110,496 shares of the bank’s stock valued at $6,387,000 after purchasing an additional 2,182 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Home Bancorp by 0.4% during the 4th quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock valued at $6,144,000 after purchasing an additional 382 shares during the last quarter. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HBCP shares. Zacks Research downgraded shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. 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 report on Wednesday, April 22nd. Weiss Ratings raised Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. Finally, Hovde Group increased their target price on Home Bancorp from $62.00 to $65.50 and gave the company a “market perform” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.50.

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.