Home Bancorp (NASDAQ:HBCP) Stock Passes Above 200-Day Moving Average – What’s Next?

Home Bancorp, Inc. (NASDAQ:HBCP) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $59.26 and traded as high as $65.63. Home Bancorp shares last traded at $65.40, with a volume of 74,967 shares trading hands.

Analyst Upgrades and Downgrades

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

Home Bancorp Trading Up 1.5%

The firm has a market cap of $512.74 million, a P/E ratio of 10.99 and a beta of 0.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a fifty day moving average of $61.55 and a 200-day moving average of $59.26.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Monday, April 20th. The bank reported $1.45 earnings per share (EPS) for the quarter, topping 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 return on equity of 11.00% and a net margin of 22.18%.During the same quarter last year, the business posted $1.37 EPS. Equities research analysts forecast that Home Bancorp, Inc. will post 5.92 earnings per share for the current year.

Home Bancorp Announces Dividend

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

Insider Activity at Home Bancorp

In related news, EVP Darren E. Guidry sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $62.78, for a total value of $100,448.00. Following the sale, the executive vice president owned 18,530 shares of the company’s stock, valued at approximately $1,163,313.40. This trade represents a 7.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Chris P. Rader purchased 500 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average cost of $59.50 per share, for a total transaction of $29,750.00. Following the acquisition, the director owned 17,714 shares in the company, valued at approximately $1,053,983. The trade was a 2.90% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 6.20% of the company’s stock.

Institutional Trading of Home Bancorp

Large investors have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. increased its position in Home Bancorp by 52.6% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 108,314 shares of the bank’s stock valued at $5,884,000 after acquiring an additional 37,318 shares during the period. Vestmark Advisory Solutions Inc. acquired a new stake in Home Bancorp in the 3rd quarter valued at approximately $932,000. TrueMark Investments LLC acquired a new stake in Home Bancorp in the 3rd quarter valued at approximately $1,054,000. Elevation Point Wealth Partners LLC acquired a new stake in Home Bancorp in the 3rd quarter valued at approximately $932,000. Finally, Elizabeth Park Capital Advisors Ltd. acquired a new stake in Home Bancorp in the 3rd quarter valued at approximately $1,329,000. 49.41% of the stock is currently owned by institutional investors and hedge funds.

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.