Home Bancorp, Inc. (NASDAQ:HBCP – Get Free Report) EVP John Iv Zollinger sold 867 shares of Home Bancorp stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $62.77, for a total transaction of $54,421.59. Following the sale, the executive vice president directly owned 7,643 shares of the company’s stock, valued at $479,751.11. This represents a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Home Bancorp Stock Performance
NASDAQ HBCP opened at $62.90 on Friday. Home Bancorp, Inc. has a 52-week low of $47.96 and a 52-week high of $65.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $493.14 million, a P/E ratio of 10.57 and a beta of 0.50. The company has a fifty day moving average of $61.84 and a 200-day moving average of $59.56.
Home Bancorp (NASDAQ:HBCP – Get Free Report) last posted its quarterly earnings data on Monday, April 20th. The bank reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. Home Bancorp had a net margin of 22.18% and a return on equity of 10.86%. The company had revenue of $38.22 million during the quarter, compared to the consensus estimate of $33.63 million. During the same period in the previous year, the firm posted $1.37 EPS. As a group, equities research analysts predict that Home Bancorp, Inc. will post 5.92 EPS for the current fiscal year.
Home Bancorp Dividend Announcement
Hedge Funds Weigh In On Home Bancorp
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. increased its position in shares of Home Bancorp by 69.9% during the first 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 period. Dimensional Fund Advisors LP increased its position in shares of Home Bancorp by 1.8% during the first 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 period. BCM Advisors LLC increased its position in shares of Home Bancorp by 11.2% during the first 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 period. Bank of New York Mellon Corp increased its position in shares of Home Bancorp by 6.5% during the first 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 period. Finally, Invesco Ltd. increased its position in shares of Home Bancorp by 22.6% during the fourth quarter. Invesco Ltd. now owns 8,606 shares of the bank’s stock valued at $497,000 after buying an additional 1,588 shares during the period. Hedge funds and other institutional investors own 49.41% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have weighed in on HBCP shares. Piper Sandler downgraded shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price target for the company. in a research note on Wednesday, April 22nd. Hovde Group boosted their price target on shares of Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a research note on Wednesday, April 22nd. 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. Finally, Zacks Research downgraded shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.50.
Check Out Our Latest Research Report on HBCP
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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