Home Bancorp (NASDAQ:HBCP) EVP John Iv Zollinger Sells 867 Shares of Stock

Home Bancorp, Inc. (NASDAQ:HBCP) EVP John Iv Zollinger sold 867 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $62.77, for a total transaction of $54,421.59. Following the transaction, the executive vice president directly owned 7,643 shares in the company, valued at approximately $479,751.11. The trade was a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Home Bancorp Stock Performance

HBCP opened at $62.75 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. The company has a market cap of $491.96 million, a price-to-earnings ratio of 10.55 and a beta of 0.50. Home Bancorp, Inc. has a 52-week low of $47.96 and a 52-week high of $65.94. The firm’s fifty day simple moving average is $61.80 and its two-hundred day simple moving average is $59.51.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Monday, April 20th. The bank reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. The business had revenue of $38.22 million for the quarter, compared to the consensus estimate of $33.63 million. Home Bancorp had a net margin of 22.18% and a return on equity of 10.86%. During the same period last year, the firm posted $1.37 earnings per share. Equities analysts anticipate that Home Bancorp, Inc. will post 5.92 earnings per share for the current fiscal year.

Home Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, May 4th. Home Bancorp’s dividend payout ratio (DPR) is presently 20.84%.

Hedge Funds Weigh In On Home Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the business. PDT Partners LLC lifted its stake in shares of Home Bancorp by 3.7% in the second quarter. PDT Partners LLC now owns 6,798 shares of the bank’s stock worth $352,000 after buying an additional 245 shares in the last quarter. Rhumbline Advisers lifted its stake 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 buying an additional 250 shares in the last quarter. NewEdge Advisors LLC lifted its stake 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 buying an additional 382 shares in the last quarter. Royal Bank of Canada lifted 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 worth $258,000 after buying an additional 607 shares in the last quarter. Finally, BCM Advisors LLC lifted its stake in shares of Home Bancorp by 11.2% in the first quarter. BCM Advisors LLC now owns 6,223 shares of the bank’s stock worth $396,000 after buying an additional 628 shares in the last quarter. 49.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Weiss Ratings raised shares of Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Zacks Research downgraded shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Hovde Group raised their price target on shares of Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a research note on Wednesday, April 22nd. Finally, Piper Sandler downgraded shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price target 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 company’s stock. According to MarketBeat.com, Home Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $65.50.

About Home Bancorp

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.