Home Bancorp (NASDAQ:HBCP) Issues Quarterly Earnings Results

Home Bancorp (NASDAQ:HBCP) posted its quarterly earnings results on Monday. The bank reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.22), Zacks reports. Home Bancorp had a return on equity of 10.65% and a net margin of 22.23%.

Home Bancorp Stock Down 0.2%

Shares of NASDAQ HBCP traded down $0.12 during midday trading on Monday, hitting $65.78. 35,308 shares of the stock traded hands, compared to its average volume of 84,652. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.97 and a current ratio of 0.97. Home Bancorp has a one year low of $52.06 and a one year high of $74.50. The business has a 50 day moving average price of $68.62 and a two-hundred day moving average price of $67.07. The company has a market cap of $515.91 million, a PE ratio of 11.00 and a beta of 0.52.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, EVP John Zollinger, IV sold 750 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $71.68, for a total value of $53,760.00. Following the transaction, the executive vice president directly owned 7,643 shares in the company, valued at $547,850.24. This trade represents a 8.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.20% of the stock is currently owned by corporate insiders.

Home Bancorp Company Profile

Home Bancorp, Inc is the holding company for Home Bank, a community-focused bank headquartered in Lafayette Hill, Pennsylvania. The company serves individuals, families, professionals and businesses through a network of banking offices in southeastern Pennsylvania and surrounding communities.

Home Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential mortgage loans, home equity financing, commercial real estate loans, construction and development financing, commercial business loans and consumer loans.

Through its community banking model, Home Bancorp focuses on relationship-based service and local decision-making.