Home Bancorp (NASDAQ:HBCP) Sees Large Volume Increase – Should You Buy?

Shares of Home Bancorp, Inc. (NASDAQ:HBCP) saw strong trading volume on Tuesday . Approximately 52,857 shares changed hands during mid-day trading, a decline of 41% from the previous session’s volume of 89,638 shares.The stock last traded at $69.0020 and had previously closed at $69.89.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings reissued a “buy (a-)” rating on shares of Home Bancorp in a research note on Friday, July 31st. Raymond James Financial reaffirmed an “outperform” rating and set a $74.00 target price on shares of Home Bancorp in a research note on Wednesday, July 22nd. 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. According to data from MarketBeat.com, Home Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

Home Bancorp Stock Up 0.4%

The firm has a market capitalization of $542.84 million, a P/E ratio of 11.58 and a beta of 0.50. The company has a fifty day simple moving average of $69.73 and a 200 day simple moving average of $65.07. 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 issued its quarterly earnings results on Monday, July 20th. The bank reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. The firm had revenue of $39.72 million during the quarter, compared to the consensus estimate of $38.57 million. Home Bancorp had a return on equity of 10.65% and a net margin of 22.23%. On average, equities analysts expect that Home Bancorp, Inc. will post 5.98 EPS for the current fiscal year.

Home Bancorp Increases Dividend

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

Insider Transactions at Home Bancorp

In other Home Bancorp news, EVP John J. Iv Zollinger sold 750 shares of Home Bancorp stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $71.68, for a total value of $53,760.00. Following the completion of the transaction, the executive vice president directly owned 7,643 shares of the company’s stock, valued at approximately $547,850.24. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.20% of the company’s stock.

Institutional Trading of Home Bancorp

Institutional investors have recently added to or reduced their stakes in the business. PDT Partners LLC increased its stake in shares of Home Bancorp by 3.7% during the second quarter. PDT Partners LLC now owns 6,798 shares of the bank’s stock valued at $352,000 after buying an additional 245 shares during the period. Rhumbline Advisers grew its holdings in Home Bancorp by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 10,705 shares of the bank’s stock worth $554,000 after acquiring an additional 250 shares in the last quarter. NewEdge Advisors LLC increased its position in Home Bancorp by 0.4% during the 4th quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock valued at $6,144,000 after purchasing an additional 382 shares during the period. Royal Bank of Canada raised its holdings in shares of Home Bancorp by 11.8% in the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock valued at $258,000 after purchasing an additional 607 shares in the last quarter. Finally, BCM Advisors LLC raised its holdings in shares of Home Bancorp by 11.2% in the 1st quarter. BCM Advisors LLC now owns 6,223 shares of the bank’s stock valued at $396,000 after purchasing an additional 628 shares in the last quarter. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

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.