Home Bancorp (NASDAQ:HBCP) CFO Sells $13,919.40 in Stock

Home Bancorp, Inc. (NASDAQ:HBCPGet Free Report) CFO David Kirkley sold 220 shares of the company’s 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 completion of the sale, the chief financial officer owned 5,719 shares in the company, valued at approximately $361,841.13. This represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Home Bancorp Trading Down 0.8%

HBCP stock opened at $62.37 on Friday. Home Bancorp, Inc. has a 1-year low of $47.96 and a 1-year high of $65.94. The firm has a market cap of $489.17 million, a P/E ratio of 10.48 and a beta of 0.50. The business’s 50 day moving average is $61.87 and its 200-day moving average is $59.58. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12.

Home Bancorp (NASDAQ:HBCPGet Free Report) last released its quarterly earnings data on Monday, April 20th. The bank reported $1.45 earnings per share 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 analyst estimates of $33.63 million. During the same period in the prior year, the company posted $1.37 EPS. Equities analysts anticipate that Home Bancorp, Inc. will post 5.98 earnings per share for the current fiscal year.

Home Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, May 4th. Home Bancorp’s dividend payout ratio is currently 20.84%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HBCP. Zacks Research lowered Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Hovde Group upped 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. Piper Sandler lowered Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price objective on the stock. in a research note on Wednesday, April 22nd. Finally, Weiss Ratings upgraded Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, one has given 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.

View Our Latest Analysis on Home Bancorp

Institutional Investors Weigh In On Home Bancorp

Large investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in Home Bancorp during the 2nd quarter worth approximately $46,000. Tower Research Capital LLC TRC grew its position in Home Bancorp by 116.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock worth $74,000 after acquiring an additional 769 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in Home Bancorp during the 4th quarter worth approximately $202,000. Mercer Global Advisors Inc. ADV bought a new stake in Home Bancorp during the 4th quarter worth approximately $208,000. Finally, Mariner LLC bought a new stake in Home Bancorp during the 4th quarter worth approximately $211,000. 49.41% of the stock is currently owned by institutional investors.

Home Bancorp Company Profile

(Get Free Report)

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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