Home Bancorp (NASDAQ:HBCP) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Home Bancorp, Inc. (NASDAQ:HBCP)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $56.29 and traded as high as $61.32. Home Bancorp shares last traded at $60.82, with a volume of 63,537 shares.

Analysts Set New Price Targets

A number of research analysts have issued reports on HBCP shares. Hovde Group boosted their target price on Home Bancorp from $61.00 to $62.00 and gave the company a “market perform” rating in a research note on Thursday, January 29th. Zacks Research upgraded Home Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Home Bancorp in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $63.00.

Home Bancorp Stock Up 0.1%

The company has a debt-to-equity ratio of 0.14, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $476.22 million, a price-to-earnings ratio of 10.36 and a beta of 0.60. The firm has a 50-day moving average price of $59.97 and a two-hundred day moving average price of $56.29.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Monday, January 26th. The bank reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. Home Bancorp had a return on equity of 11.19% and a net margin of 22.01%.The business had revenue of $37.26 million for the quarter, compared to analyst estimates of $33.73 million. As a group, sell-side analysts anticipate that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Announces Dividend

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

Institutional Investors Weigh In On Home Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in Home Bancorp during the 2nd quarter worth about $46,000. Tower Research Capital LLC TRC grew its holdings in shares of Home Bancorp by 116.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after acquiring an additional 769 shares in the last quarter. CWM LLC increased its position in shares of Home Bancorp by 31.1% in the second quarter. CWM LLC now owns 1,713 shares of the bank’s stock valued at $89,000 after acquiring an additional 406 shares during the last quarter. Canton Hathaway LLC bought a new stake in Home Bancorp during the third quarter worth about $118,000. Finally, Exencial Wealth Advisors LLC bought a new stake in Home Bancorp during the second quarter worth about $212,000. 49.41% of the stock is currently owned by institutional investors and hedge funds.

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.