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

Home Bancorp, Inc. (NASDAQ:HBCP) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $56.29 and traded as high as $61.32. Home Bancorp shares last traded at $60.82, with a volume of 63,537 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HBCP shares. Hovde Group raised their price target on Home Bancorp from $61.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Zacks Research upgraded Home Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Home Bancorp in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Home Bancorp presently has an average rating of “Buy” and an average price target of $63.00.

Home Bancorp Stock Performance

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average price of $60.06 and a 200 day moving average price of $56.33. The stock has a market cap of $478.84 million, a PE ratio of 10.42 and a beta of 0.60.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Monday, January 26th. The bank reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.07. Home Bancorp had a net margin of 22.01% and a return on equity of 11.19%. The company had revenue of $37.26 million for the quarter, compared to analysts’ expectations of $33.73 million. As a group, research analysts forecast that Home Bancorp, Inc. will post 4.78 earnings per share for the current year.

Home Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Monday, February 9th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, February 9th. This represents a $1.24 dividend on an annualized basis and a yield of 2.0%. Home Bancorp’s payout ratio is 21.12%.

Institutional Trading of Home Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ieq Capital LLC increased its holdings in shares of Home Bancorp by 26.3% in the 4th quarter. Ieq Capital LLC now owns 8,110 shares of the bank’s stock valued at $469,000 after acquiring an additional 1,687 shares during the period. Wells Fargo & Company MN grew its stake in Home Bancorp by 30.6% in the fourth quarter. Wells Fargo & Company MN now owns 10,692 shares of the bank’s stock valued at $618,000 after purchasing an additional 2,504 shares during the last quarter. Jane Street Group LLC bought a new position in Home Bancorp in the fourth quarter worth about $307,000. Empowered Funds LLC lifted its position in shares of Home Bancorp by 10.5% during the fourth quarter. Empowered Funds LLC now owns 45,990 shares of the bank’s stock valued at $2,658,000 after buying an additional 4,375 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Home Bancorp by 14.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 38,619 shares of the bank’s stock valued at $2,232,000 after buying an additional 4,959 shares during the last quarter. 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.