Home Bancorp, Inc. (NASDAQ:HBCP – Get Free Report) EVP John Iv Zollinger sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $71.68, for a total value of $53,760.00. Following the completion of the sale, the executive vice president owned 7,643 shares in the company, valued at $547,850.24. The trade was a 8.94% 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 Stock Down 1.3%
NASDAQ:HBCP traded down $0.90 during trading hours on Wednesday, reaching $70.56. 24,839 shares of the company traded hands, compared to its average volume of 89,659. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.12. The business’s 50-day moving average price is $69.42 and its two-hundred day moving average price is $64.71. Home Bancorp, Inc. has a 1 year low of $50.54 and a 1 year high of $74.50. The stock has a market capitalization of $553.36 million, a P/E ratio of 11.80 and a beta of 0.50.
Home Bancorp (NASDAQ:HBCP – Get Free Report) last released its earnings results on Monday, July 20th. The bank reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The firm 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 10.65% and a net margin of 22.23%. Analysts predict that Home Bancorp, Inc. will post 5.98 earnings per share for the current year.
Home Bancorp Increases Dividend
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Home Bancorp during the 2nd quarter valued at about $46,000. Tower Research Capital LLC TRC lifted its position in Home Bancorp by 116.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock worth $74,000 after acquiring an additional 769 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Home Bancorp during the 2nd quarter valued at about $105,000. Occudo Quantitative Strategies LP purchased a new stake in Home Bancorp during the 4th quarter valued at about $202,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Home Bancorp in the fourth quarter valued at about $208,000. Institutional investors own 49.41% of the company’s stock.
Analyst Ratings Changes
HBCP has been the topic of several recent research reports. Raymond James Financial reiterated an “outperform” rating and issued a $74.00 price target on shares of Home Bancorp in a research report on Wednesday, July 22nd. Piper Sandler downgraded Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 target price on the stock. in a research report on Wednesday, April 22nd. Hovde Group upped their price target on Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings reiterated a “buy (a-)” rating on shares of Home Bancorp in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.50.
Check Out Our Latest Analysis on Home Bancorp
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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