Home Bancorp (NASDAQ:HBCP) Reaches New 52-Week High – What’s Next?

Home Bancorp, Inc. (NASDAQ:HBCP)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $72.70 and last traded at $72.4340, with a volume of 35757 shares. The stock had previously closed at $71.34.

Analysts Set New Price Targets

Several brokerages recently weighed in on HBCP. Raymond James Financial restated an “outperform” rating and issued a $74.00 price target on shares of Home Bancorp in a research note on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (a-)” rating on shares of Home Bancorp in a research report on Friday. Piper Sandler cut Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price target for the company. in a report on Wednesday, April 22nd. Finally, Hovde Group raised their price objective on shares of Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.50.

Home Bancorp Stock Performance

The company has a market capitalization of $558.29 million, a price-to-earnings ratio of 11.92 and a beta of 0.50. The stock’s fifty day simple moving average is $67.75 and its 200-day simple moving average is $63.75. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Monday, July 20th. The bank reported $1.48 EPS for the quarter, topping the consensus estimate of $1.46 by $0.02. The firm had revenue of $39.72 million during the quarter, compared to analysts’ expectations of $38.57 million. Home Bancorp had a return on equity of 10.77% and a net margin of 22.23%. Analysts predict that Home Bancorp, Inc. will post 5.98 EPS for the current year.

Home Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, August 3rd. This is an increase from Home Bancorp’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. Home Bancorp’s payout ratio is presently 20.74%.

Insider Transactions at Home Bancorp

In other news, CFO David T. Kirkley sold 655 shares of the company’s 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 transaction, the chief financial officer directly owned 5,064 shares of the company’s stock, valued at approximately $318,019.20. This represents a 11.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel G. Guidry sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $64.50, for a total value of $64,500.00. Following the completion of the transaction, the director directly owned 64,019 shares of the company’s stock, valued at $4,129,225.50. This trade represents a 1.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,742 shares of company stock valued at $238,985. 6.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Home Bancorp

A number of institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in Home Bancorp by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 429,581 shares of the bank’s stock valued at $26,024,000 after purchasing an additional 7,792 shares during the period. Vanguard Group Inc. lifted its stake in shares of Home Bancorp by 1.0% in 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 during the period. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Home Bancorp by 64.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock valued at $6,468,000 after acquiring an additional 46,546 shares during the period. Hillsdale Investment Management Inc. raised its holdings in Home Bancorp by 2.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 110,496 shares of the bank’s stock worth $6,387,000 after purchasing an additional 2,182 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position 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 worth $6,144,000 after buying an additional 382 shares in the last quarter. 49.41% of the stock is owned by institutional investors and hedge funds.

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.