Shares of Home Bancorp, Inc. (NASDAQ:HBCP – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $66.00 and last traded at $65.94, with a volume of 2731 shares. The stock had previously closed at $65.16.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. Hovde Group raised their price target on Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a research note on Wednesday, April 22nd. Zacks Research lowered Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Weiss Ratings raised Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Finally, Piper Sandler lowered 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. 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $65.50.
View Our Latest Report on Home Bancorp
Home Bancorp Trading Down 0.8%
Home Bancorp (NASDAQ:HBCP – Get Free Report) last issued its earnings results on Monday, April 20th. The bank reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $38.22 million during the quarter, compared to analyst estimates of $33.63 million. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.During the same period in the previous year, the company posted $1.37 EPS. On average, equities research analysts anticipate that Home Bancorp, Inc. will post 5.98 earnings per share for the current year.
Home Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. Home Bancorp’s payout ratio is 20.84%.
Insider Transactions at Home Bancorp
In other Home Bancorp news, CFO David T. Kirkley sold 655 shares of Home Bancorp stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $62.80, for a total transaction of $41,134.00. Following the completion of the sale, the chief financial officer directly owned 5,064 shares of the company’s stock, valued at $318,019.20. The trade was a 11.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John J. Iv Zollinger sold 867 shares of Home Bancorp stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $62.77, for a total value of $54,421.59. Following the sale, the executive vice president directly owned 7,643 shares of the company’s stock, valued at approximately $479,751.11. This trade represents a 10.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 5,653 shares of company stock valued at $359,063. Company insiders own 6.20% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in shares of 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 acquiring an additional 7,792 shares during the period. Vanguard Group Inc. increased its holdings in shares of Home Bancorp by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 375,209 shares of the bank’s stock valued at $20,383,000 after acquiring an additional 3,760 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Home Bancorp by 64.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock valued at $6,468,000 after acquiring an additional 46,546 shares during the period. Hillsdale Investment Management Inc. increased its holdings in shares of Home Bancorp by 2.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 110,496 shares of the bank’s stock valued at $6,387,000 after acquiring an additional 2,182 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of Home Bancorp by 0.4% in the 4th quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock valued at $6,144,000 after acquiring an additional 382 shares during the period. 49.41% of the stock is currently owned by hedge funds and other institutional investors.
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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