Home Bancorp (NASDAQ:HBCP) Stock Crosses Above 200-Day Moving Average of $38.90

Home Bancorp, Inc. (NASDAQ:HBCP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $38.90 and traded as high as $43.42. Home Bancorp shares last traded at $43.30, with a volume of 9,367 shares changing hands.

Wall Street Analysts Forecast Growth

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

Home Bancorp Trading Up 0.7 %

The stock has a market cap of $351.94 million, a P/E ratio of 9.14 and a beta of 0.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.96 and a current ratio of 0.96. The firm’s fifty day simple moving average is $42.33 and its 200-day simple moving average is $38.98.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Wednesday, July 17th. The bank reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.04. Home Bancorp had a net margin of 19.16% and a return on equity of 9.98%. The business had revenue of $49.21 million for the quarter, compared to analyst estimates of $31.90 million. During the same quarter in the previous year, the business earned $1.21 earnings per share. Equities research analysts expect that Home Bancorp, Inc. will post 4.3 EPS for the current fiscal year.

Home Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Monday, July 29th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.31%. The ex-dividend date was Monday, July 29th. Home Bancorp’s dividend payout ratio (DPR) is presently 21.10%.

Insider Transactions at Home Bancorp

In related news, Director Daniel G. Guidry sold 5,000 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $41.48, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HBCP. BNP Paribas Financial Markets raised its position in shares of Home Bancorp by 531.8% during the first quarter. BNP Paribas Financial Markets now owns 12,289 shares of the bank’s stock worth $471,000 after purchasing an additional 10,344 shares during the period. Kennedy Capital Management LLC increased its position 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 acquiring an additional 5,177 shares in the last quarter. Empowered Funds LLC increased its position in shares of Home Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 26,509 shares of the bank’s stock worth $1,016,000 after acquiring an additional 1,925 shares in the last quarter. Cullen Investment Group LTD. raised its holdings in shares of Home Bancorp by 12.0% in the 1st quarter. Cullen Investment Group LTD. now owns 32,151 shares of the bank’s stock worth $1,183,000 after acquiring an additional 3,454 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Home Bancorp by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock valued at $1,438,000 after acquiring an additional 2,672 shares in the last quarter. 49.41% of the stock is owned by institutional investors and hedge funds.

About Home Bancorp

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.