Home Bancorp (NASDAQ:HBCP) Announces Earnings Results

Home Bancorp (NASDAQ:HBCP) issued its earnings results on Monday. The bank reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02, Zacks reports. The company 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 10.86% and a net margin of 22.18%.

Home Bancorp Stock Performance

Shares of NASDAQ HBCP opened at $68.37 on Tuesday. Home Bancorp has a 1 year low of $49.49 and a 1 year high of $71.69. The firm has a market cap of $536.02 million, a P/E ratio of 11.49 and a beta of 0.49. The stock has a fifty day moving average price of $66.55 and a two-hundred day moving average price of $63.01. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 3rd. This is an increase from Home Bancorp’s previous quarterly dividend of $0.31. Home Bancorp’s dividend payout ratio is 20.84%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Piper Sandler lowered Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price objective for the company. 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 report on Monday, May 4th. Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Hovde Group boosted their price objective on Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a research report on Wednesday, April 22nd. One equities 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $65.50.

Insider Transactions at Home Bancorp

In other Home Bancorp news, CFO David T. Kirkley sold 655 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $62.80, for a total value of $41,134.00. Following the sale, the chief financial officer directly owned 5,064 shares in the company, valued at approximately $318,019.20. The trade was a 11.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John J. Iv Zollinger sold 867 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $62.77, for a total transaction of $54,421.59. Following the completion of the sale, the executive vice president directly owned 7,643 shares of the company’s stock, valued at $479,751.11. The trade was a 10.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 5,653 shares of company stock worth $359,063. Corporate insiders own 6.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. PDT Partners LLC grew its stake in Home Bancorp by 3.7% during the 2nd quarter. PDT Partners LLC now owns 6,798 shares of the bank’s stock valued at $352,000 after acquiring an additional 245 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Home Bancorp by 2.4% in the second quarter. Rhumbline Advisers now owns 10,705 shares of the bank’s stock worth $554,000 after purchasing an additional 250 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Home Bancorp by 0.4% in the fourth quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock worth $6,144,000 after purchasing an additional 382 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Home Bancorp by 11.8% during the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock worth $258,000 after purchasing an additional 607 shares during the period. Finally, Russell Investments Group Ltd. grew its position in Home Bancorp by 4.0% during the third quarter. Russell Investments Group Ltd. now owns 16,439 shares of the bank’s stock valued at $893,000 after purchasing an additional 637 shares in the last quarter. 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.