Home Bancorp, Inc. (NASDAQ:HBCP – Get Free Report) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 121,117 shares, an increase of 16.4% from the March 31st total of 104,019 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average trading volume of 156,709 shares, the short-interest ratio is currently 0.8 days.
Home Bancorp Trading Up 1.7%
NASDAQ HBCP traded up $1.07 during mid-day trading on Friday, hitting $63.26. The company’s stock had a trading volume of 81,297 shares, compared to its average volume of 120,637. Home Bancorp has a 52-week low of $47.96 and a 52-week high of $65.94. The stock’s fifty day simple moving average is $61.29 and its two-hundred day simple moving average is $58.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $495.96 million, a P/E ratio of 10.63 and a beta of 0.50.
Home Bancorp (NASDAQ:HBCP – Get Free Report) last posted 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 net margin of 22.18% and a return on equity of 11.00%. The firm had revenue of $38.22 million for the quarter, compared to analyst estimates of $33.63 million. During the same quarter last year, the firm posted $1.37 earnings per share. Research analysts expect that Home Bancorp will post 5.92 EPS for the current year.
Home Bancorp Announces Dividend
Analyst Ratings Changes
HBCP has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Bancorp in a report on Friday, March 27th. Hovde Group increased their price objective on shares of Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a report on Wednesday, April 22nd. Zacks Research lowered shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Piper Sandler lowered shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price target on the stock. in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $65.50.
Get Our Latest Stock Analysis on Home Bancorp
Insider Activity
In other news, EVP Darren E. Guidry sold 1,600 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $62.78, for a total transaction of $100,448.00. Following the transaction, the executive vice president directly owned 18,530 shares in the company, valued at $1,163,313.40. This represents a 7.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Chris P. Rader acquired 500 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were bought at an average price of $59.50 per share, for a total transaction of $29,750.00. Following the completion of the acquisition, the director owned 17,714 shares in the company, valued at approximately $1,053,983. This trade represents a 2.90% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 6.20% of the company’s stock.
Institutional Trading of Home Bancorp
Several large investors have recently bought and sold shares of the company. PDT Partners LLC grew its position in Home Bancorp by 3.7% in the second quarter. PDT Partners LLC now owns 6,798 shares of the bank’s stock valued at $352,000 after acquiring an additional 245 shares in the last quarter. Rhumbline Advisers grew its position in Home Bancorp by 2.4% in the second quarter. Rhumbline Advisers now owns 10,705 shares of the bank’s stock valued at $554,000 after acquiring an additional 250 shares in the last quarter. NewEdge Advisors LLC grew its position in Home Bancorp by 0.4% in the fourth quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock valued at $6,144,000 after acquiring an additional 382 shares in the last quarter. Royal Bank of Canada grew its position in Home Bancorp by 11.8% in the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock valued at $258,000 after acquiring an additional 607 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Home Bancorp by 4.0% in the third quarter. Russell Investments Group Ltd. now owns 16,439 shares of the bank’s stock valued at $893,000 after acquiring an additional 637 shares in the last quarter. Institutional investors and hedge funds own 49.41% of the company’s stock.
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.
Further Reading
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