Home Bancorp (NASDAQ:HBCP) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Home Bancorp, Inc. (NASDAQ:HBCP)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $57.53 and traded as high as $61.93. Home Bancorp shares last traded at $61.40, with a volume of 183,862 shares traded.

Analysts Set New Price Targets

Several research firms recently commented on HBCP. Weiss Ratings reissued a “buy (b)” rating on shares of Home Bancorp in a research note on Monday, December 29th. Zacks Research raised shares of Home Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, Hovde Group upped their target price on shares of Home Bancorp from $61.00 to $62.00 and gave the stock a “market perform” rating in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Home Bancorp currently has a consensus rating of “Buy” and an average target price of $63.00.

Home Bancorp Stock Up 1.5%

The company has a debt-to-equity ratio of 0.13, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $481.38 million, a PE ratio of 10.46 and a beta of 0.58. The business’s 50 day simple moving average is $60.40 and its 200 day simple moving average is $57.53.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings results on Monday, January 26th. The bank reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.07. The business had revenue of $38.05 million during the quarter, compared to analysts’ expectations of $33.73 million. Home Bancorp had a net margin of 22.01% and a return on equity of 11.03%. As a group, analysts anticipate that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Announces Dividend

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

Insider Transactions at Home Bancorp

In other Home Bancorp news, Director Chris P. Rader bought 500 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was bought at an average price of $59.50 per share, with a total value of $29,750.00. Following the completion of the purchase, the director directly owned 17,714 shares in the company, valued at $1,053,983. The trade was a 2.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Home Bancorp

A number of hedge funds have recently modified their holdings of the business. PDT Partners LLC increased its position in shares of Home Bancorp by 3.7% during the 2nd quarter. PDT Partners LLC now owns 6,798 shares of the bank’s stock worth $352,000 after purchasing an additional 245 shares during the last quarter. Rhumbline Advisers lifted its position in Home Bancorp by 2.4% in the second quarter. Rhumbline Advisers now owns 10,705 shares of the bank’s stock valued at $554,000 after buying an additional 250 shares during the last quarter. Summit Financial Wealth Advisors LLC boosted its stake in Home Bancorp by 1.5% during the second quarter. Summit Financial Wealth Advisors LLC now owns 21,933 shares of the bank’s stock worth $1,136,000 after buying an additional 319 shares during the period. NewEdge Advisors LLC boosted its stake in Home Bancorp by 0.4% during the fourth quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock worth $6,144,000 after buying an additional 382 shares during the period. Finally, Royal Bank of Canada increased its position in shares of Home Bancorp by 11.8% during the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock valued at $258,000 after acquiring an additional 607 shares during the last quarter. 49.41% of the stock is currently owned by hedge funds and other 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.