Home Bancorp (NASDAQ:HBCP) Sees Strong Trading Volume – What’s Next?

Home Bancorp, Inc. (NASDAQ:HBCP) shares saw strong trading volume on Tuesday . 52,857 shares were traded 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.

Analyst Ratings Changes

Several analysts have recently issued reports on HBCP shares. Weiss Ratings reissued a “buy (a-)” rating on shares of Home Bancorp in a report on Friday, July 31st. Raymond James Financial reiterated an “outperform” rating and set a $74.00 price objective 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 issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

Home Bancorp Stock Down 1.0%

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $542.63 million, a price-to-earnings ratio of 11.57 and a beta of 0.50. The firm has a 50 day moving average of $69.61 and a two-hundred day moving average of $64.97.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Monday, July 20th. The bank reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Home Bancorp had a net margin of 22.23% and a return on equity of 10.65%. The firm had revenue of $39.72 million during the quarter, compared to analysts’ expectations of $38.57 million. As a group, sell-side analysts anticipate that Home Bancorp, Inc. will post 5.98 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given 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 1.9%. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.31. Home Bancorp’s dividend payout ratio is currently 21.40%.

Insider Buying and Selling

In other Home Bancorp news, EVP John J. Iv Zollinger sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $71.68, for a total value of $53,760.00. Following the sale, the executive vice president owned 7,643 shares in the company, valued at $547,850.24. This trade represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 6.20% of the stock is currently owned by insiders.

Institutional Trading of Home Bancorp

A number of hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in Home Bancorp by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 429,581 shares of the bank’s stock worth $26,024,000 after buying an additional 7,792 shares during the period. Vanguard Group Inc. boosted its position in Home Bancorp by 1.0% during the third quarter. Vanguard Group Inc. now owns 375,209 shares of the bank’s stock valued at $20,383,000 after acquiring an additional 3,760 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Home Bancorp by 64.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock worth $6,468,000 after buying an additional 46,546 shares during the period. Hillsdale Investment Management Inc. grew its stake in shares of Home Bancorp by 2.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 110,496 shares of the bank’s stock valued at $6,387,000 after buying an additional 2,182 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Home Bancorp by 0.4% during 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 during the last quarter. 49.41% of the stock is owned by institutional investors and hedge funds.

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.