Insider Selling: Home Bancorp, Inc. (NASDAQ:HBCP) Director Sells 500 Shares of Stock

Home Bancorp, Inc. (NASDAQ:HBCP) Director Daniel G. Guidry sold 500 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $52.40, for a total value of $26,200.00. Following the sale, the director now owns 64,319 shares of the company’s stock, valued at approximately $3,370,315.60. The trade was a 0.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Home Bancorp Trading Down 0.6%

NASDAQ HBCP opened at $51.16 on Thursday. The stock has a 50-day simple moving average of $46.08 and a 200 day simple moving average of $47.44. The company has a market capitalization of $399.10 million, a PE ratio of 11.24 and a beta of 0.56. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. Home Bancorp, Inc. has a 12 month low of $35.16 and a 12 month high of $52.77.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings data on Monday, April 21st. The bank reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.23. The business had revenue of $35.76 million during the quarter, compared to the consensus estimate of $30.90 million. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same quarter in the prior year, the company posted $1.14 earnings per share. Research analysts forecast that Home Bancorp, Inc. will post 4.78 EPS for the current year.

Home Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Monday, May 5th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.11%. Home Bancorp’s dividend payout ratio is presently 22.59%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HBCP shares. Piper Sandler boosted their target price on Home Bancorp from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 23rd. StockNews.com upgraded Home Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Hovde Group boosted their target price on Home Bancorp from $48.50 to $51.50 and gave the stock a “market perform” rating in a research report on Thursday, April 24th.

Institutional Investors Weigh In On Home Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management grew its stake in Home Bancorp by 100.7% in the fourth quarter. Picton Mahoney Asset Management now owns 590 shares of the bank’s stock valued at $27,000 after acquiring an additional 296 shares during the period. CWM LLC grew its stake in Home Bancorp by 92.2% in the first quarter. CWM LLC now owns 1,307 shares of the bank’s stock valued at $59,000 after acquiring an additional 627 shares during the period. Tower Research Capital LLC TRC grew its stake in Home Bancorp by 247.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,322 shares of the bank’s stock valued at $61,000 after acquiring an additional 942 shares during the period. SG Americas Securities LLC boosted its position in shares of Home Bancorp by 27.2% during the fourth quarter. SG Americas Securities LLC now owns 3,125 shares of the bank’s stock worth $144,000 after buying an additional 668 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Home Bancorp during the fourth quarter worth about $180,000. Institutional investors own 49.41% of the company’s stock.

Home Bancorp Company Profile

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana, Mississippi, and Texas. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.