Home Bancorp, Inc. (NASDAQ:HBCP – Get Free Report) CFO David Kirkley sold 655 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $62.80, for a total value of $41,134.00. Following the transaction, the chief financial officer owned 5,064 shares in the company, valued at approximately $318,019.20. This trade represents a 11.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Home Bancorp Price Performance
Shares of HBCP opened at $62.37 on Friday. 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, Inc. has a 1 year low of $47.96 and a 1 year high of $65.94. The stock has a market cap of $489.17 million, a P/E ratio of 10.48 and a beta of 0.50. The stock’s 50-day moving average price is $61.87 and its two-hundred day moving average price is $59.58.
Home Bancorp (NASDAQ:HBCP – Get 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 business had revenue of $38.22 million for the quarter, compared to analysts’ expectations of $33.63 million. During the same quarter in the previous year, the business posted $1.37 EPS. On average, equities analysts predict that Home Bancorp, Inc. will post 5.98 earnings per share for the current year.
Home Bancorp Dividend Announcement
Institutional Investors Weigh In On Home Bancorp
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC raised its position in Home Bancorp by 141.0% in the 1st quarter. Lazard Asset Management LLC now owns 9,429 shares of the bank’s stock valued at $571,000 after buying an additional 5,516 shares during the last quarter. Sei Investments Co. raised its position in Home Bancorp by 69.9% in the 1st quarter. Sei Investments Co. now owns 8,994 shares of the bank’s stock valued at $545,000 after buying an additional 3,700 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Home Bancorp by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 429,581 shares of the bank’s stock valued at $26,024,000 after buying an additional 7,792 shares during the last quarter. BCM Advisors LLC raised its position in Home Bancorp by 11.2% in the 1st quarter. BCM Advisors LLC now owns 6,223 shares of the bank’s stock valued at $396,000 after buying an additional 628 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Home Bancorp by 6.5% in the 1st quarter. Bank of New York Mellon Corp now owns 33,867 shares of the bank’s stock valued at $2,052,000 after buying an additional 2,079 shares during the last quarter. Institutional investors and hedge funds own 49.41% of the company’s stock.
Wall Street Analyst Weigh In
HBCP has been the topic of several recent analyst reports. Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Hovde Group lifted their price objective on Home Bancorp from $62.00 to $65.50 and gave the company a “market perform” rating in a report on Wednesday, April 22nd. Piper Sandler cut Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price objective on the stock. in a report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.50.
View Our Latest Research Report on Home Bancorp
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.
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