Insider Selling: Home Bancorp (NASDAQ:HBCP) Director Sells $65,010.00 in Stock

Home Bancorp, Inc. (NASDAQ:HBCP) Director Daniel Guidry sold 1,000 shares of Home Bancorp stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $65.01, for a total value of $65,010.00. Following the completion of the sale, the director directly owned 63,519 shares in the company, valued at $4,129,370.19. This represents a 1.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Home Bancorp Stock Performance

HBCP opened at $64.97 on Friday. The business’s 50-day moving average price is $62.41 and its two-hundred day moving average price is $59.95. Home Bancorp, Inc. has a 1 year low of $47.96 and a 1 year high of $65.94. The company has a market capitalization of $509.36 million, a price-to-earnings ratio of 10.92 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98.

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

Home Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. Home Bancorp’s dividend payout ratio (DPR) is currently 20.84%.

Hedge Funds Weigh In On Home Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of HBCP. Hotchkis & Wiley Capital Management LLC grew its holdings in Home Bancorp by 64.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock worth $6,468,000 after purchasing an additional 46,546 shares during the period. Hillsdale Investment Management Inc. grew its holdings in Home Bancorp by 52.6% during the third quarter. Hillsdale Investment Management Inc. now owns 108,314 shares of the bank’s stock worth $5,884,000 after purchasing an additional 37,318 shares during the period. Marshall Wace LLP grew its holdings in Home Bancorp by 636.7% during the second quarter. Marshall Wace LLP now owns 42,027 shares of the bank’s stock worth $2,176,000 after purchasing an additional 36,322 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Home Bancorp by 668.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 38,040 shares of the bank’s stock worth $1,970,000 after purchasing an additional 33,090 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Home Bancorp by 41.4% during the fourth quarter. AQR Capital Management LLC now owns 103,243 shares of the bank’s stock worth $5,967,000 after purchasing an additional 30,224 shares during the period. Institutional investors own 49.41% of the company’s stock.

Wall Street Analyst Weigh In

HBCP has been the subject of several analyst reports. Hovde Group raised their price objective on Home Bancorp from $62.00 to $65.50 and gave the company a “market perform” rating in a report on Wednesday, April 22nd. Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Weiss Ratings upgraded Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Finally, Piper Sandler cut Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price objective for the company. in a report on Wednesday, April 22nd. 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.50.

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.