Home Bancorp (NASDAQ:HBCP) Sets New 12-Month High – Still a Buy?

Shares of Home Bancorp, Inc. (NASDAQ:HBCP) reached a new 52-week high on Friday . The company traded as high as $66.02 and last traded at $65.91, with a volume of 33092 shares trading hands. The stock had previously closed at $65.41.

Analysts Set New Price Targets

Several brokerages recently weighed in on HBCP. Hovde Group raised their price target on shares of Home Bancorp from $62.00 to $65.50 and gave the company a “market perform” rating in a research report on Wednesday, April 22nd. Piper Sandler downgraded shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price target for the company. in a research report on Wednesday, April 22nd. Weiss Ratings raised shares of Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. Finally, Zacks Research downgraded shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.50.

Home Bancorp Stock Up 0.1%

The company has a market cap of $513.36 million, a P/E ratio of 11.01 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98. The company’s 50-day moving average is $63.46 and its two-hundred day moving average is $60.70.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Monday, April 20th. The bank reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. Home Bancorp had a net margin of 22.18% and a return on equity of 10.86%. The company had revenue of $38.22 million during the quarter, compared to the consensus estimate of $33.63 million. During the same quarter last year, the firm earned $1.37 earnings per share. As a group, equities analysts predict that Home Bancorp, Inc. will post 5.98 earnings per share for the current fiscal year.

Home Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.31 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.24 annualized dividend and a yield of 1.9%. Home Bancorp’s dividend payout ratio (DPR) is currently 20.84%.

Insider Activity at Home Bancorp

In related news, Director Daniel G. Guidry sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $65.01, for a total value of $65,010.00. Following the sale, the director owned 63,519 shares in the company, valued at approximately $4,129,370.19. This trade represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John J. Iv Zollinger sold 867 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was 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 owned 7,643 shares in the company, valued at $479,751.11. This represents a 10.19% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 5,653 shares of company stock worth $359,063. Company insiders own 6.20% of the company’s stock.

Institutional Investors Weigh In On Home Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in Home Bancorp in the second quarter worth approximately $46,000. Tower Research Capital LLC TRC boosted its holdings in Home Bancorp by 116.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock worth $74,000 after purchasing an additional 769 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in Home Bancorp during the fourth quarter valued at approximately $202,000. Mercer Global Advisors Inc. ADV bought a new stake in Home Bancorp during the fourth quarter valued at approximately $208,000. Finally, Mariner LLC bought a new stake in Home Bancorp during the fourth quarter valued at approximately $211,000. Hedge funds and other 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.