Home Bancorp (NASDAQ:HBCP) Sets New 12-Month High – Time to Buy?

Home Bancorp, Inc. (NASDAQ:HBCP) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $71.62 and last traded at $71.36, with a volume of 65030 shares trading hands. The stock had previously closed at $69.23.

Analysts Set New Price Targets

HBCP has been the subject of several research reports. Hovde Group raised their price objective on shares of Home Bancorp from $62.00 to $65.50 and gave the company a “market perform” rating in a research report on Wednesday, April 22nd. Weiss Ratings upgraded Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. Zacks Research downgraded Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Piper Sandler lowered shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price objective on the stock. in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Home Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.50.

Home Bancorp Stock Up 2.8%

The stock has a market cap of $557.97 million, a P/E ratio of 11.96 and a beta of 0.49. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. The firm has a 50 day simple moving average of $66.24 and a 200-day simple moving average of $62.78.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings data on Monday, April 20th. The bank reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.06. The firm had revenue of $38.22 million during the quarter, compared to the consensus estimate of $33.63 million. Home Bancorp had a net margin of 22.18% and a return on equity of 10.86%. During the same period last year, the business posted $1.37 earnings per share. On average, equities research analysts forecast that Home Bancorp, Inc. will post 5.98 earnings per share for the current fiscal year.

Home Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a dividend of $0.31 per share. The ex-dividend date was Monday, May 4th. This represents a $1.24 annualized dividend and a yield of 1.7%. Home Bancorp’s dividend payout ratio (DPR) is presently 20.84%.

Insider Buying and Selling at Home Bancorp

In related news, Director Daniel G. Guidry sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $64.50, for a total transaction of $64,500.00. Following the transaction, the director directly owned 64,019 shares of the company’s stock, valued at approximately $4,129,225.50. This trade represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David T. Kirkley sold 655 shares of Home Bancorp stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $62.80, for a total transaction of $41,134.00. Following the completion of the sale, the chief financial officer owned 5,064 shares of the company’s stock, valued at $318,019.20. This trade represents a 11.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 5,653 shares of company stock valued at $359,063. 6.20% of the stock is currently owned by insiders.

Institutional Trading of Home Bancorp

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Home Bancorp by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 429,581 shares of the bank’s stock worth $26,024,000 after purchasing an additional 7,792 shares during the period. Vanguard Group Inc. raised its position in Home Bancorp by 1.0% during the third quarter. Vanguard Group Inc. now owns 375,209 shares of the bank’s stock valued at $20,383,000 after purchasing an additional 3,760 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Home Bancorp by 64.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock worth $6,468,000 after purchasing an additional 46,546 shares during the last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of Home Bancorp by 2.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 110,496 shares of the bank’s stock valued at $6,387,000 after purchasing an additional 2,182 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Home Bancorp by 0.4% in the 4th quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock valued at $6,144,000 after purchasing an additional 382 shares during the last quarter. 49.41% of the stock is currently owned by institutional investors.

About Home Bancorp

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.