Home Bancorp (NASDAQ:HBCP) Issues Earnings Results, Beats Expectations By $0.02 EPS

Home Bancorp (NASDAQ:HBCPGet Free Report) announced its earnings results on Monday. The bank reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02, Zacks reports. Home Bancorp had a net margin of 22.18% and a return on equity of 10.86%.

Home Bancorp Trading Down 1.4%

NASDAQ HBCP traded down $0.94 during trading hours on Monday, hitting $68.37. 171,716 shares of the company’s stock were exchanged, compared to its average volume of 87,648. The business’s 50 day moving average is $66.46 and its 200-day moving average is $62.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98. Home Bancorp has a 12-month low of $49.49 and a 12-month high of $71.69. The firm has a market capitalization of $536.02 million, a P/E ratio of 11.49 and a beta of 0.49.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Piper Sandler cut shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price target on the stock. in a research note on Wednesday, April 22nd. Hovde Group boosted their price objective on shares of Home Bancorp from $62.00 to $65.50 and gave the company a “market perform” rating in a research report on Wednesday, April 22nd. Zacks Research downgraded shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.50.

View Our Latest Research Report on HBCP

Insiders Place Their Bets

In other news, CFO David T. Kirkley sold 655 shares of the stock in a transaction dated 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 directly owned 5,064 shares in the company, valued at $318,019.20. This represents a 11.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John J. Iv Zollinger sold 867 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $62.77, for a total transaction of $54,421.59. Following the transaction, the executive vice president owned 7,643 shares in the company, valued at approximately $479,751.11. The trade was a 10.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,653 shares of company stock worth $359,063 over the last 90 days. Corporate insiders own 6.20% of the company’s stock.

Institutional Investors Weigh In On Home Bancorp

A number of institutional investors have recently bought and sold shares of the stock. Polymer Capital Management US LLC acquired a new position in shares of Home Bancorp in the 3rd quarter valued at $312,000. Algert Global LLC purchased a new stake in shares of Home Bancorp during the 3rd quarter valued at $250,000. Sei Investments Co. acquired a new stake in shares of Home Bancorp during the 3rd quarter worth $288,000. BNP Paribas Financial Markets increased its holdings in shares of Home Bancorp by 37.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,051 shares of the bank’s stock worth $274,000 after buying an additional 1,368 shares during the last quarter. Finally, Invesco Ltd. purchased a new position in shares of Home Bancorp in the 2nd quarter worth $264,000. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

Home Bancorp Company Profile

(Get Free Report)

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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Earnings History for Home Bancorp (NASDAQ:HBCP)

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