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

Home Bancorp, Inc. (NASDAQ:HBCP) Director Chris Rader purchased 500 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was acquired at an average cost of $59.50 per share, for a total transaction of $29,750.00. Following the purchase, the director owned 17,714 shares in the company, valued at approximately $1,053,983. The trade was a 2.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Home Bancorp Stock Up 2.6%

Shares of HBCP opened at $62.03 on Friday. The firm has a market cap of $485.69 million, a P/E ratio of 10.57 and a beta of 0.60. Home Bancorp, Inc. has a 12-month low of $39.59 and a 12-month high of $64.17. The company’s 50-day moving average price is $60.29 and its 200 day moving average price is $56.63. 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 (NASDAQ:HBCP) last announced its earnings results on Monday, January 26th. The bank reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.07. Home Bancorp had a net margin of 22.01% and a return on equity of 11.19%. The company had revenue of $37.26 million during the quarter, compared to analyst estimates of $33.73 million. On average, sell-side analysts forecast that Home Bancorp, Inc. will post 4.78 earnings per share for the current year.

Home Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Monday, February 9th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, February 9th. Home Bancorp’s dividend payout ratio (DPR) is 21.12%.

Institutional Trading of Home Bancorp

A number of large investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in shares of Home Bancorp by 11.8% in the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock valued at $258,000 after acquiring an additional 607 shares in the last quarter. AQR Capital Management LLC raised its position in Home Bancorp by 80.7% in the 1st quarter. AQR Capital Management LLC now owns 12,258 shares of the bank’s stock valued at $549,000 after purchasing an additional 5,476 shares in the last quarter. Empowered Funds LLC raised its position in Home Bancorp by 7.3% in the 1st quarter. Empowered Funds LLC now owns 33,749 shares of the bank’s stock valued at $1,512,000 after purchasing an additional 2,301 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Home Bancorp in the 1st quarter valued at about $612,000. Finally, CWM LLC grew its position in shares of Home Bancorp by 31.1% during the second quarter. CWM LLC now owns 1,713 shares of the bank’s stock worth $89,000 after buying an additional 406 shares in the last quarter. Hedge funds and other institutional investors own 49.41% of the company’s stock.

Analysts Set New Price Targets

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

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.