Home Bancorp (NASDAQ:HBCP) Stock Crosses Above 200 Day Moving Average of $37.77

Home Bancorp, Inc. (NASDAQ:HBCP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $37.77 and traded as high as $39.86. Home Bancorp shares last traded at $39.86, with a volume of 9,460 shares trading hands.

Analyst Upgrades and Downgrades

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

Home Bancorp Stock Down 1.6 %

The company has a debt-to-equity ratio of 0.25, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $318.70 million, a P/E ratio of 8.27 and a beta of 0.69. The stock has a 50 day moving average price of $39.57 and a 200-day moving average price of $37.77.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Wednesday, July 17th. The bank reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.04. The company had revenue of $49.21 million for the quarter, compared to analysts’ expectations of $31.90 million. Home Bancorp had a return on equity of 10.08% and a net margin of 19.16%. During the same period last year, the firm earned $1.21 earnings per share. As a group, research analysts expect that Home Bancorp, Inc. will post 4.3 EPS for the current fiscal year.

Home Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Monday, July 29th were paid a $0.25 dividend. The ex-dividend date was Monday, July 29th. This represents a $1.00 annualized dividend and a dividend yield of 2.55%. Home Bancorp’s payout ratio is presently 21.10%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Spire Wealth Management grew its holdings in shares of Home Bancorp by 0.7% during the 4th quarter. Spire Wealth Management now owns 79,397 shares of the bank’s stock worth $3,197,000 after acquiring an additional 536 shares during the period. SG Americas Securities LLC purchased a new position in shares of Home Bancorp during the 4th quarter worth approximately $164,000. Cullen Investment Group LTD. purchased a new position in shares of Home Bancorp during the 4th quarter worth approximately $1,206,000. GAMMA Investing LLC purchased a new position in shares of Home Bancorp during the 4th quarter worth approximately $39,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Home Bancorp by 531.8% during the 1st quarter. BNP Paribas Financial Markets now owns 12,289 shares of the bank’s stock worth $471,000 after acquiring an additional 10,344 shares during the period. 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.