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

Home Bancorp, Inc. (NASDAQ:HBCP) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $52.88 and traded as low as $52.56. Home Bancorp shares last traded at $53.11, with a volume of 19,674 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HBCP shares. Zacks Research upgraded Home Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Home Bancorp in a research note on Friday. Finally, Raymond James Financial raised their price target on Home Bancorp from $52.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $59.50.

Home Bancorp Stock Performance

The firm has a market capitalization of $415.59 million, a P/E ratio of 9.45 and a beta of 0.62. The firm has a 50-day moving average price of $54.84 and a two-hundred day moving average price of $52.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97.

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

Home Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.3%. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, November 3rd. Home Bancorp’s dividend payout ratio is 22.06%.

Hedge Funds Weigh In On Home Bancorp

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Home Bancorp during the second quarter valued at $46,000. CWM LLC increased its stake in shares of Home Bancorp by 92.2% during the first quarter. CWM LLC now owns 1,307 shares of the bank’s stock valued at $59,000 after buying an additional 627 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Home Bancorp by 116.3% during 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 period. Canton Hathaway LLC purchased a new position in shares of Home Bancorp during the third quarter valued at $118,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in shares of Home Bancorp during the second quarter valued at $207,000. Hedge funds and other institutional investors 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.