Home Bancorp (NASDAQ:HBCP) CFO David Kirkley Sells 220 Shares of Stock

Home Bancorp, Inc. (NASDAQ:HBCP) CFO David Kirkley sold 220 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $63.27, for a total value of $13,919.40. Following the transaction, the chief financial officer owned 5,719 shares in the company, valued at approximately $361,841.13. This trade represents a 3.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Home Bancorp Trading Down 0.8%

Shares of HBCP stock opened at $62.75 on Thursday. Home Bancorp, Inc. has a 12 month low of $47.96 and a 12 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 business’s 50 day moving average is $61.80 and its two-hundred day moving average is $59.51. The company has a market cap of $491.96 million, a PE ratio of 10.55 and a beta of 0.50.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Monday, April 20th. The bank reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.The company had revenue of $38.22 million for the quarter, compared to the consensus estimate of $33.63 million. During the same quarter last year, the company posted $1.37 earnings per share. Equities analysts predict that Home Bancorp, Inc. will post 5.92 EPS for the current year.

Home Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, May 4th. Home Bancorp’s dividend payout ratio (DPR) is 20.84%.

Institutional Investors Weigh In On Home Bancorp

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Home Bancorp in the second quarter valued at approximately $46,000. Tower Research Capital LLC TRC boosted its position in shares of Home Bancorp by 116.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after acquiring an additional 769 shares during the period. Occudo Quantitative Strategies LP bought a new stake in shares of Home Bancorp in the fourth quarter valued at approximately $202,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Home Bancorp in the fourth quarter valued at approximately $208,000. Finally, Mariner LLC bought a new stake in shares of Home Bancorp in the fourth quarter valued at approximately $211,000. 49.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on HBCP. 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 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. Piper Sandler cut Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price objective for the company. in a research report on Wednesday, April 22nd. Finally, Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, one has issued 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.

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.