Home Bancorp (NASDAQ:HBCP) EVP Sells $53,760.00 in Stock

Home Bancorp, Inc. (NASDAQ:HBCP) EVP John Iv Zollinger sold 750 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $71.68, for a total transaction of $53,760.00. Following the transaction, the executive vice president directly owned 7,643 shares of the company’s stock, valued at $547,850.24. This represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Home Bancorp Price Performance

Shares of NASDAQ:HBCP opened at $69.71 on Friday. Home Bancorp, Inc. has a 52 week low of $50.54 and a 52 week high of $74.50. The company has a 50-day moving average price of $69.54 and a 200 day moving average price of $64.88. The company has a market cap of $546.74 million, a P/E ratio of 11.66 and a beta of 0.50. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.12.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Monday, July 20th. The bank reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. The company had revenue of $39.72 million for the quarter, compared to analysts’ expectations of $38.57 million. Home Bancorp had a return on equity of 10.65% and a net margin of 22.23%. Research analysts predict that Home Bancorp, Inc. will post 5.98 earnings per share for the current year.

Home Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a dividend of $0.32 per share. This is a boost from Home Bancorp’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 3rd. Home Bancorp’s dividend payout ratio is currently 21.40%.

Analyst Ratings Changes

A number of equities research analysts have commented on HBCP shares. Raymond James Financial reissued an “outperform” rating and issued a $74.00 target price on shares of Home Bancorp in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Home Bancorp in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

Institutional Investors Weigh In On Home Bancorp

Several institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Home Bancorp in the 2nd quarter worth approximately $46,000. Tower Research Capital LLC TRC raised its holdings in Home Bancorp by 116.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock worth $74,000 after purchasing an additional 769 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Home Bancorp during the second quarter worth $105,000. Occudo Quantitative Strategies LP purchased a new stake in Home Bancorp during the fourth quarter worth $202,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Home Bancorp in the fourth quarter valued at $208,000. 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.