Home Bancorp (NASDAQ:HBCP) Director Chris Rader Buys 500 Shares

Home Bancorp, Inc. (NASDAQ:HBCP) Director Chris Rader bought 500 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were acquired at an average price of $59.50 per share, for a total transaction of $29,750.00. Following the completion of the transaction, the director owned 17,714 shares in the company, valued at $1,053,983. This represents a 2.90% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Home Bancorp Price Performance

NASDAQ:HBCP traded down $0.30 during mid-day trading on Thursday, hitting $60.46. The company’s stock had a trading volume of 55,065 shares, compared to its average volume of 40,184. The company has a market capitalization of $473.40 million, a price-to-earnings ratio of 10.30 and a beta of 0.60. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Home Bancorp, Inc. has a fifty-two week low of $39.59 and a fifty-two week high of $64.17. The stock has a fifty day moving average of $60.24 and a 200-day moving average of $56.54.

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

Home Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Monday, February 9th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, February 9th. Home Bancorp’s dividend payout ratio is currently 21.12%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Home Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HBCP. Vanguard Group Inc. lifted its position in shares of Home Bancorp by 1.0% during the third quarter. Vanguard Group Inc. now owns 375,209 shares of the bank’s stock worth $20,383,000 after purchasing an additional 3,760 shares in the last quarter. American Century Companies Inc. raised its position in Home Bancorp by 20.9% in the 2nd quarter. American Century Companies Inc. now owns 126,791 shares of the bank’s stock worth $6,565,000 after purchasing an additional 21,945 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Home Bancorp by 64.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock worth $6,468,000 after buying an additional 46,546 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in Home Bancorp by 2.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 110,496 shares of the bank’s stock worth $6,387,000 after buying an additional 2,182 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in Home Bancorp by 0.4% in the 4th quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock valued at $6,144,000 after buying an additional 382 shares during the last quarter. Institutional investors and hedge funds own 49.41% of the company’s stock.

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.