Home Bancorp, Inc. (NASDAQ:HBCP – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $71.85 and last traded at $71.7380, with a volume of 26969 shares changing hands. The stock had previously closed at $70.28.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Piper Sandler lowered shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 target price for the company. in a research note on Wednesday, April 22nd. Hovde Group raised their target price 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. Finally, Raymond James Financial restated an “outperform” rating and set a $74.00 target price on shares of Home Bancorp in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.50.
View Our Latest Stock Analysis on Home Bancorp
Home Bancorp Stock Performance
Home Bancorp (NASDAQ:HBCP – Get Free Report) last released its earnings results on Monday, July 20th. The bank reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. The company had revenue of $39.72 million for the quarter, compared to analysts’ expectations of $38.57 million. Home Bancorp had a return on equity of 10.77% and a net margin of 22.23%. Research analysts forecast that Home Bancorp, Inc. will post 5.98 earnings per share for the current year.
Home Bancorp Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be issued a dividend of $0.32 per share. This is an increase from Home Bancorp’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, August 3rd. Home Bancorp’s dividend payout ratio is 20.74%.
Insider Activity at Home Bancorp
In other Home Bancorp news, Director Daniel G. Guidry sold 1,000 shares of Home Bancorp stock in a transaction on Monday, May 11th. The shares were sold at an average price of $64.50, for a total transaction of $64,500.00. Following the completion of the sale, the director owned 64,019 shares of the company’s stock, valued at $4,129,225.50. This trade represents a 1.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David T. Kirkley sold 655 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $62.80, for a total transaction 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 represents a 11.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 3,742 shares of company stock valued at $238,985. Corporate insiders own 6.20% of the company’s stock.
Institutional Trading of Home Bancorp
A number of institutional investors have recently bought and sold shares of HBCP. Raymond James Financial Inc. acquired a new position in Home Bancorp in the 2nd quarter worth about $46,000. Tower Research Capital LLC TRC grew its stake in shares of Home Bancorp by 116.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after buying an additional 769 shares in the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Home Bancorp in the 4th quarter valued at approximately $202,000. Mercer Global Advisors Inc. ADV acquired a new position in Home Bancorp in the fourth quarter worth approximately $208,000. Finally, Mariner LLC acquired a new position in Home Bancorp in the fourth quarter worth approximately $211,000. 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.
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