Home Bancorp (NASDAQ:HBCP) Sees Strong Trading Volume – Here’s What Happened

Shares of Home Bancorp, Inc. (NASDAQ:HBCP) saw strong trading volume on Thursday . 86,212 shares were traded during trading, an increase of 7% from the previous session’s volume of 80,534 shares.The stock last traded at $64.3460 and had previously closed at $64.15.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Bancorp in a research note on Friday, March 27th. Hovde Group increased their price target on Home Bancorp from $61.00 to $62.00 and gave the company a “market perform” rating in a research note on Thursday, January 29th. Finally, Zacks Research lowered Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Home Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $63.00.

Home Bancorp Price Performance

The business has a 50-day moving average price of $60.56 and a 200 day moving average price of $57.95. The company has a market cap of $510.78 million, a price-to-earnings ratio of 11.12 and a beta of 0.53. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.13.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Monday, January 26th. The bank reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. Home Bancorp had a return on equity of 11.03% and a net margin of 22.01%.The company had revenue of $38.05 million during the quarter, compared to the consensus estimate of $33.73 million. As a group, research analysts expect that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 9th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, February 9th. Home Bancorp’s dividend payout ratio is 21.12%.

Insider Activity at Home Bancorp

In related news, Director Chris P. Rader acquired 500 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was bought at an average price of $59.50 per share, for a total transaction of $29,750.00. Following the transaction, the director owned 17,714 shares of the company’s stock, valued at approximately $1,053,983. The trade was a 2.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.90% of the company’s stock.

Institutional Trading of Home Bancorp

A number of hedge funds have recently modified their holdings of HBCP. Royal Bank of Canada lifted its holdings in shares of Home Bancorp by 11.8% in the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock valued at $258,000 after purchasing an additional 607 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Home Bancorp by 80.7% in the first quarter. AQR Capital Management LLC now owns 12,258 shares of the bank’s stock valued at $549,000 after purchasing an additional 5,476 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Home Bancorp by 7.3% in the first quarter. Empowered Funds LLC now owns 33,749 shares of the bank’s stock valued at $1,512,000 after purchasing an additional 2,301 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Home Bancorp in the first quarter valued at $612,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Home Bancorp by 9.5% in the second quarter. JPMorgan Chase & Co. now owns 21,669 shares of the bank’s stock valued at $1,122,000 after purchasing an additional 1,878 shares in the last quarter. Hedge funds and other institutional investors own 49.41% of the company’s stock.

Home Bancorp Company Profile

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.