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

Home Bancorp, Inc. (NASDAQ:HBCP)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $45.36 and traded as high as $51.81. Home Bancorp shares last traded at $51.66, with a volume of 29,347 shares changing hands.

Wall Street Analysts Forecast Growth

HBCP has been the topic of a number of analyst reports. Hovde Group cut Home Bancorp from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $53.00 to $54.50 in a research report on Tuesday, November 12th. Raymond James raised shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Monday, October 21st. Finally, StockNews.com downgraded shares of Home Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd.

Home Bancorp Trading Up 3.1 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96. The company’s fifty day moving average is $47.60 and its 200-day moving average is $45.36. The stock has a market cap of $417.41 million, a PE ratio of 11.35 and a beta of 0.71.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Monday, January 27th. The bank reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.07. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. During the same period last year, the business posted $1.17 EPS. On average, analysts predict that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Monday, February 10th will be given a dividend of $0.27 per share. This is an increase from Home Bancorp’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Monday, February 10th. Home Bancorp’s dividend payout ratio (DPR) is presently 22.86%.

Hedge Funds Weigh In On Home Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC grew its stake in Home Bancorp by 287.9% during the third quarter. Barclays PLC now owns 9,142 shares of the bank’s stock worth $407,000 after buying an additional 6,785 shares during the period. JPMorgan Chase & Co. grew its position in shares of Home Bancorp by 136.2% during the third quarter. JPMorgan Chase & Co. now owns 14,668 shares of the bank’s stock worth $654,000 after acquiring an additional 8,459 shares during the last quarter. Montz Harcus Wealth Management LLC bought a new position in Home Bancorp in the 3rd quarter valued at about $1,598,000. BNP Paribas Financial Markets grew its position in Home Bancorp by 73.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after buying an additional 1,009 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Home Bancorp by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 162,727 shares of the bank’s stock valued at $7,256,000 after purchasing an additional 1,874 shares in the last quarter. Institutional investors and hedge funds own 49.41% of the company’s stock.

About Home Bancorp

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.