Home Bancorp (NASDAQ:HBCP) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Home Bancorp (NASDAQ:HBCP) issued its quarterly earnings data on Monday. The bank reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06, Zacks reports. Home Bancorp had a net margin of 22.01% and a return on equity of 11.03%. The business had revenue of $38.22 million during the quarter, compared to analysts’ expectations of $33.63 million. During the same period last year, the company posted $1.37 EPS.

Home Bancorp Stock Down 1.2%

Shares of NASDAQ HBCP opened at $63.90 on Tuesday. The firm has a market cap of $500.98 million, a P/E ratio of 10.89 and a beta of 0.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.97 and a current ratio of 0.97. Home Bancorp has a 1 year low of $42.87 and a 1 year high of $65.94. The firm’s 50 day moving average price is $61.03 and its 200 day moving average price is $58.50.

Home Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be given a dividend of $0.31 per share. The ex-dividend date is Monday, May 4th. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. Home Bancorp’s dividend payout ratio (DPR) is 21.12%.

Insider Buying and Selling at Home Bancorp

In other Home Bancorp news, Director Chris P. Rader purchased 500 shares of Home Bancorp stock in a transaction on Thursday, February 19th. The shares were bought at an average price of $59.50 per share, with a total value of $29,750.00. Following the purchase, the director directly owned 17,714 shares in the company, valued at $1,053,983. This trade represents a 2.90% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Home Bancorp

Several institutional investors have recently added to or reduced their stakes in HBCP. Hotchkis & Wiley Capital Management LLC lifted its position in Home Bancorp by 64.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock worth $6,468,000 after buying an additional 46,546 shares during the period. Marshall Wace LLP grew its holdings in Home Bancorp by 636.7% in the 2nd quarter. Marshall Wace LLP now owns 42,027 shares of the bank’s stock valued at $2,176,000 after buying an additional 36,322 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Home Bancorp by 668.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 38,040 shares of the bank’s stock valued at $1,970,000 after buying an additional 33,090 shares during the period. AQR Capital Management LLC increased its stake in shares of Home Bancorp by 41.4% during the 4th quarter. AQR Capital Management LLC now owns 103,243 shares of the bank’s stock valued at $5,967,000 after acquiring an additional 30,224 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Home Bancorp by 449.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 33,306 shares of the bank’s stock valued at $1,725,000 after acquiring an additional 27,240 shares during the last quarter. 49.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HBCP has been the topic of a number of analyst reports. Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Home Bancorp in a report on Friday, March 27th. Finally, Hovde Group upped their price objective on Home Bancorp from $61.00 to $62.00 and gave the company a “market perform” rating in a research report on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Home Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

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.