Daniel Guidry Sells 1,000 Shares of Home Bancorp (NASDAQ:HBCP) Stock

Home Bancorp, Inc. (NASDAQ:HBCP) Director Daniel Guidry sold 1,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $65.01, for a total value of $65,010.00. Following the sale, the director owned 63,519 shares in the company, valued at $4,129,370.19. This represents a 1.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Home Bancorp Trading Down 0.3%

Shares of HBCP stock opened at $64.97 on Friday. The firm has a market capitalization of $509.36 million, a P/E ratio of 10.92 and a beta of 0.50. Home Bancorp, Inc. has a twelve month low of $47.96 and a twelve month high of $65.94. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $62.41 and its 200 day simple moving average is $59.95.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings data on Monday, April 20th. The bank reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $38.22 million for 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 quarter in the previous year, the company posted $1.37 EPS. As a group, sell-side analysts predict that Home Bancorp, Inc. will post 5.98 EPS for the current fiscal year.

Home Bancorp Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HBCP. Royal Bank of Canada raised its stake in 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 buying an additional 607 shares during the period. AQR Capital Management LLC raised its stake in Home Bancorp by 80.7% during the 1st quarter. AQR Capital Management LLC now owns 12,258 shares of the bank’s stock worth $549,000 after buying an additional 5,476 shares during the period. Empowered Funds LLC raised its stake in Home Bancorp by 7.3% during the 1st quarter. Empowered Funds LLC now owns 33,749 shares of the bank’s stock worth $1,512,000 after buying an additional 2,301 shares during the period. Jane Street Group LLC acquired a new position in Home Bancorp during the 1st quarter worth approximately $612,000. Finally, JPMorgan Chase & Co. raised its stake in Home Bancorp by 9.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,669 shares of the bank’s stock worth $1,122,000 after buying an additional 1,878 shares during the period. 49.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HBCP has been the subject of several recent research reports. Piper Sandler cut 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. Weiss Ratings raised Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Hovde Group increased their price target 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. Finally, Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One investment 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.