Home Bancorp (NASDAQ:HBCP) Stock Passes Above 200 Day Moving Average of $38.21

Home Bancorp, Inc. (NASDAQ:HBCP) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $38.21 and traded as high as $42.63. Home Bancorp shares last traded at $42.50, with a volume of 15,112 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Hovde Group increased their price target on shares of Home Bancorp from $45.00 to $48.50 and gave the stock an “outperform” rating in a research report on Friday, July 19th.

Home Bancorp Price Performance

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $345.44 million, a price-to-earnings ratio of 8.97 and a beta of 0.69. The stock’s 50-day moving average price is $41.57 and its 200-day moving average price is $38.21.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Wednesday, July 17th. The bank reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. Home Bancorp had a return on equity of 9.98% and a net margin of 19.16%. The firm had revenue of $49.21 million for the quarter, compared to analyst estimates of $31.90 million. During the same period last year, the company earned $1.21 EPS. Equities research analysts anticipate that Home Bancorp, Inc. will post 4.3 earnings per share for the current year.

Home Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Monday, July 29th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, July 29th. This represents a $1.00 annualized dividend and a yield of 2.35%. Home Bancorp’s dividend payout ratio (DPR) is presently 21.10%.

Insiders Place Their Bets

In related news, Director Daniel G. Guidry sold 5,000 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $41.48, for a total value of $207,400.00. Following the sale, the director now directly owns 66,819 shares of the company’s stock, valued at approximately $2,771,652.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO David T. Kirkley sold 1,180 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $36.73, for a total transaction of $43,341.40. Following the completion of the sale, the chief financial officer now owns 4,631 shares in the company, valued at approximately $170,096.63. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel G. Guidry sold 5,000 shares of Home Bancorp stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $41.48, for a total value of $207,400.00. Following the sale, the director now directly owns 66,819 shares of the company’s stock, valued at approximately $2,771,652.12. The disclosure for this sale can be found here. Corporate insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in shares of Home Bancorp by 531.8% in the 1st quarter. BNP Paribas Financial Markets now owns 12,289 shares of the bank’s stock valued at $471,000 after acquiring an additional 10,344 shares during the last quarter. Kennedy Capital Management LLC boosted its position in Home Bancorp by 29.3% during the first quarter. Kennedy Capital Management LLC now owns 22,832 shares of the bank’s stock valued at $875,000 after acquiring an additional 5,177 shares during the last quarter. Empowered Funds LLC boosted its position in Home Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 26,509 shares of the bank’s stock valued at $1,016,000 after acquiring an additional 1,925 shares during the last quarter. Cullen Investment Group LTD. boosted its position in Home Bancorp by 12.0% during the first quarter. Cullen Investment Group LTD. now owns 32,151 shares of the bank’s stock valued at $1,183,000 after acquiring an additional 3,454 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Home Bancorp by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock worth $1,438,000 after purchasing an additional 2,672 shares in the last quarter. 49.41% of the stock is owned by institutional investors.

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.