Home Bancorp (NASDAQ:HBCP) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Home Bancorp, Inc. (NASDAQ:HBCP)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $57.53 and traded as high as $61.93. Home Bancorp shares last traded at $61.40, with a volume of 183,862 shares trading hands.

Wall Street Analysts Forecast Growth

HBCP has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Bancorp in a research report on Monday, December 29th. Zacks Research raised Home Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, Hovde Group upped their price target on Home Bancorp from $61.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $63.00.

Home Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $481.38 million, a price-to-earnings ratio of 10.46 and a beta of 0.58. The firm has a 50-day simple moving average of $60.40 and a two-hundred day simple moving average of $57.53.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings results on Monday, January 26th. The bank reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.07. The business had revenue of $38.05 million for the quarter, compared to analysts’ expectations of $33.73 million. Home Bancorp had a net margin of 22.01% and a return on equity of 11.03%. On average, sell-side analysts anticipate that Home Bancorp, Inc. will post 4.78 EPS for the current fiscal year.

Home Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Monday, February 9th were issued a $0.31 dividend. The ex-dividend date was Monday, February 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. Home Bancorp’s payout ratio is 21.12%.

Insiders Place Their Bets

In other Home Bancorp news, Director Chris P. Rader bought 500 shares of Home Bancorp stock in a transaction on Thursday, February 19th. The shares were bought at an average cost of $59.50 per share, for a total transaction of $29,750.00. Following the acquisition, the director directly owned 17,714 shares in the company, valued at $1,053,983. This represents a 2.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.90% of the stock is currently owned by insiders.

Institutional Trading of Home Bancorp

Large investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Home Bancorp during the second quarter worth $46,000. Tower Research Capital LLC TRC grew its stake 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 purchasing an additional 769 shares in the last quarter. Canton Hathaway LLC acquired a new position in Home Bancorp during the 3rd quarter worth $118,000. Occudo Quantitative Strategies LP purchased a new stake in Home Bancorp during the 4th quarter worth about $202,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Home Bancorp during the 4th quarter worth about $208,000. Hedge funds and other institutional investors own 49.41% of the company’s stock.

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.