Home Bancorp (NASDAQ:HBCP) Hits New 12-Month High – Should You Buy?

Home Bancorp, Inc. (NASDAQ:HBCP)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $68.25 and last traded at $68.2950, with a volume of 4156 shares trading hands. The stock had previously closed at $67.28.

Analyst Ratings Changes

HBCP has been the topic of a number of recent analyst reports. Hovde Group boosted their price objective 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. Zacks Research downgraded Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Piper Sandler downgraded Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price target on the stock. in a research note on Wednesday, April 22nd. Finally, Weiss Ratings raised Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.50.

Home Bancorp Trading Up 0.9%

The stock has a market capitalization of $532.46 million, a PE ratio of 11.40 and a beta of 0.50. The firm has a 50 day moving average price of $63.95 and a 200 day moving average price of $61.13. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings data on Monday, April 20th. The bank reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. The firm had revenue of $38.22 million during the quarter, compared to the consensus estimate of $33.63 million. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.During the same period in the prior year, the business posted $1.37 earnings per share. Equities analysts expect that Home Bancorp, Inc. will post 5.98 EPS for the current fiscal year.

Home Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued 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 1.8%. Home Bancorp’s dividend payout ratio is currently 20.84%.

Insiders Place Their Bets

In other Home Bancorp news, EVP John J. Iv Zollinger sold 867 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $62.77, for a total transaction of $54,421.59. Following the completion of the transaction, the executive vice president directly owned 7,643 shares of the company’s stock, valued at approximately $479,751.11. This represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel G. Guidry sold 1,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $64.50, for a total value of $64,500.00. Following the transaction, the director directly owned 64,019 shares of the company’s stock, valued at approximately $4,129,225.50. This trade represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 5,653 shares of company stock valued at $359,063. Insiders own 6.20% of the company’s stock.

Hedge Funds Weigh In On Home Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the company. Hillsdale Investment Management Inc. lifted its position in shares of Home Bancorp by 52.6% during the third quarter. Hillsdale Investment Management Inc. now owns 108,314 shares of the bank’s stock worth $5,884,000 after acquiring an additional 37,318 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Home Bancorp during the third quarter worth $932,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Home Bancorp during the third quarter worth $932,000. Elizabeth Park Capital Advisors Ltd. purchased a new stake in shares of Home Bancorp during the third quarter worth $1,329,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of Home Bancorp during the third quarter worth $457,000. 49.41% of the stock is owned by institutional investors.

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.