Home Bancorp (NASDAQ:HBCP) Sets New 52-Week High – What’s Next?

Home Bancorp, Inc. (NASDAQ:HBCP) hit a new 52-week high on Friday . The stock traded as high as $68.25 and last traded at $68.2950, with a volume of 4156 shares traded. The stock had previously closed at $67.28.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HBCP. Hovde Group boosted their price objective 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 cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Piper Sandler cut Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 target price on the stock. in a research note on Wednesday, April 22nd. Finally, Weiss Ratings raised Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. One equities 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.50.

Home Bancorp Stock Performance

The stock has a market cap of $533.75 million, a P/E ratio of 11.44 and a beta of 0.50. The business has a 50 day moving average price of $64.08 and a 200 day moving average price of $61.18. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Monday, April 20th. The bank reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $38.22 million for the quarter, compared to analysts’ expectations of $33.63 million. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.During the same quarter in the prior year, the firm posted $1.37 earnings per share. As a group, sell-side analysts expect that Home Bancorp, Inc. will post 5.98 EPS for the current year.

Home Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid 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 dividend yield of 1.8%. Home Bancorp’s dividend payout ratio is currently 20.84%.

Insiders Place Their Bets

In related news, EVP John J. Iv Zollinger sold 867 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $62.77, for a total value of $54,421.59. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David T. Kirkley sold 655 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $62.80, for a total value of $41,134.00. Following the completion of the sale, the chief financial officer 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 5,653 shares of company stock worth $359,063. Corporate insiders own 6.20% of the company’s stock.

Institutional Trading of Home Bancorp

A number of large investors have recently modified their holdings of HBCP. Royal Bank of Canada boosted its holdings in shares of Home Bancorp by 11.8% in the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock valued at $258,000 after purchasing an additional 607 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Home Bancorp by 80.7% in the first quarter. AQR Capital Management LLC now owns 12,258 shares of the bank’s stock valued at $549,000 after purchasing an additional 5,476 shares during the period. Empowered Funds LLC boosted its holdings in shares of Home Bancorp by 7.3% in the first quarter. Empowered Funds LLC now owns 33,749 shares of the bank’s stock valued at $1,512,000 after purchasing an additional 2,301 shares during the period. Jane Street Group LLC purchased a new stake in shares of Home Bancorp in the first quarter valued at approximately $612,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Home Bancorp by 9.5% in the second quarter. JPMorgan Chase & Co. now owns 21,669 shares of the bank’s stock valued at $1,122,000 after purchasing an additional 1,878 shares during the period. 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.