Home Bancorp (NASDAQ:HBCP) Sets New 1-Year High – Time to Buy?

Home Bancorp, Inc. (NASDAQ:HBCP)’s stock price reached a new 52-week high on Thursday . The company traded as high as $71.62 and last traded at $71.36, with a volume of 65030 shares changing hands. The stock had previously closed at $69.23.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Hovde Group upped their price objective on shares of Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a research report on Wednesday, April 22nd. Weiss Ratings upgraded shares of Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Finally, Piper Sandler downgraded shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price objective on the stock. in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.50.

Home Bancorp Stock Performance

The stock has a fifty day simple moving average of $66.46 and a two-hundred day simple moving average of $62.91. The stock has a market cap of $543.39 million, a price-to-earnings ratio of 11.65 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings results on Monday, April 20th. The bank reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.The company had revenue of $38.22 million during the quarter, compared to analysts’ expectations of $33.63 million. During the same quarter in the previous year, the firm earned $1.37 EPS. Analysts expect that Home Bancorp, Inc. will post 5.98 EPS for the current fiscal year.

Home Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, May 4th. Home Bancorp’s payout ratio is currently 20.84%.

Insiders Place Their Bets

In other news, Director Daniel G. Guidry sold 1,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $64.50, for a total value of $64,500.00. Following the completion of the transaction, the director owned 64,019 shares of the company’s stock, valued at approximately $4,129,225.50. This represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darren E. Guidry sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $62.78, for a total transaction of $100,448.00. Following the completion of the sale, the executive vice president owned 18,530 shares in the company, valued at approximately $1,163,313.40. The trade was a 7.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,653 shares of company stock worth $359,063 in the last ninety days. Insiders own 6.20% of the company’s stock.

Institutional Trading of Home Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in shares of Home Bancorp during the second quarter worth $46,000. Tower Research Capital LLC TRC boosted its holdings in shares of Home Bancorp by 116.3% during 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. Occudo Quantitative Strategies LP bought a new stake in Home Bancorp during the 4th quarter worth $202,000. Mercer Global Advisors Inc. ADV bought a new stake in Home Bancorp during the 4th quarter worth $208,000. Finally, Mariner LLC bought a new stake in Home Bancorp during the 4th quarter worth $211,000. Institutional investors and hedge funds 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.