Home Bancorp (NASDAQ:HBCP) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Home Bancorp, Inc. (NASDAQ:HBCP) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $53.16 and traded as high as $55.08. Home Bancorp shares last traded at $54.94, with a volume of 28,884 shares.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Raymond James Financial upped their price target on Home Bancorp from $52.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Zacks Research raised Home Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Home Bancorp in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $59.50.

Home Bancorp Stock Up 1.0%

The firm has a 50-day moving average price of $54.56 and a two-hundred day moving average price of $53.16. The firm has a market cap of $430.07 million, a price-to-earnings ratio of 9.78 and a beta of 0.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Thursday, October 16th. The bank reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.22. The business had revenue of $37.84 million during the quarter, compared to analysts’ expectations of $33.33 million. Home Bancorp had a net margin of 21.32% and a return on equity of 11.01%. During the same quarter in the prior year, the business posted $1.18 EPS. On average, sell-side analysts forecast that Home Bancorp, Inc. will post 4.78 earnings per share for the current year.

Home Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be paid a $0.31 dividend. This is a boost from Home Bancorp’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, November 3rd. Home Bancorp’s payout ratio is currently 22.06%.

Institutional Trading of Home Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Home Bancorp in the 2nd quarter valued at about $46,000. CWM LLC increased its position in Home Bancorp by 92.2% during the first quarter. CWM LLC now owns 1,307 shares of the bank’s stock worth $59,000 after buying an additional 627 shares during the period. Tower Research Capital LLC TRC lifted its stake 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 valued at $74,000 after buying an additional 769 shares during the last quarter. Canton Hathaway LLC purchased a new stake in Home Bancorp in the third quarter valued at approximately $118,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Home Bancorp in the second quarter valued at approximately $207,000. Institutional investors and hedge funds own 49.41% of the company’s stock.

Home Bancorp Company Profile

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana, Mississippi, and Texas. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.