Home Bancorp (NASDAQ:HBCP) Stock Price Crosses Above 200 Day Moving Average of $38.21

Home Bancorp, Inc. (NASDAQ:HBCP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $38.21 and traded as high as $42.63. Home Bancorp shares last traded at $42.50, with a volume of 15,112 shares.

Wall Street Analyst Weigh In

Separately, Hovde Group raised their target price on Home Bancorp from $45.00 to $48.50 and gave the company an “outperform” rating in a research report on Friday, July 19th.

Home Bancorp Stock Performance

The stock has a market cap of $335.77 million, a P/E ratio of 8.72 and a beta of 0.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.96 and a quick ratio of 0.96. The company has a fifty day moving average of $41.60 and a 200 day moving average of $38.24.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Wednesday, July 17th. The bank reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. Home Bancorp had a return on equity of 9.98% and a net margin of 19.16%. The company had revenue of $49.21 million for the quarter, compared to the consensus estimate of $31.90 million. During the same quarter in the previous year, the business earned $1.21 EPS. On average, equities analysts predict that Home Bancorp, Inc. will post 4.3 earnings per share for the current fiscal year.

Home Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Monday, July 29th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Monday, July 29th. Home Bancorp’s payout ratio is 21.10%.

Insider Transactions at Home Bancorp

In related news, CFO David T. Kirkley sold 1,180 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $36.73, for a total transaction of $43,341.40. Following the completion of the sale, the chief financial officer now directly owns 4,631 shares of the company’s stock, valued at $170,096.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO David T. Kirkley sold 1,180 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $36.73, for a total transaction of $43,341.40. Following the sale, the chief financial officer now directly owns 4,631 shares of the company’s stock, valued at $170,096.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel G. Guidry sold 5,000 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $41.48, for a total value of $207,400.00. Following the completion of the transaction, the director now owns 66,819 shares of the company’s stock, valued at approximately $2,771,652.12. The disclosure for this sale can be found here. Corporate insiders own 7.30% of the company’s stock.

Institutional Trading of Home Bancorp

A number of hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC raised its position in Home Bancorp by 120.9% during the second quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock valued at $5,615,000 after buying an additional 76,812 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Home Bancorp by 531.8% in the 1st quarter. BNP Paribas Financial Markets now owns 12,289 shares of the bank’s stock valued at $471,000 after purchasing an additional 10,344 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Home Bancorp by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank’s stock worth $15,938,000 after purchasing an additional 8,219 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in shares of Home Bancorp by 29.3% during the first quarter. Kennedy Capital Management LLC now owns 22,832 shares of the bank’s stock worth $875,000 after purchasing an additional 5,177 shares during the period. Finally, Cullen Investment Group LTD. grew its position in Home Bancorp by 12.0% during the first quarter. Cullen Investment Group LTD. now owns 32,151 shares of the bank’s stock valued at $1,183,000 after purchasing an additional 3,454 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 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.