Home Bancorp, Inc. (NASDAQ:HBCP – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $36.42 and traded as high as $38.61. Home Bancorp shares last traded at $37.00, with a volume of 11,009 shares changing hands.
Analysts Set New Price Targets
Separately, Piper Sandler lowered Home Bancorp from an “overweight” rating to a “neutral” rating and upped their target price for the company from $40.00 to $43.00 in a research report on Wednesday, January 24th.
Get Our Latest Stock Analysis on Home Bancorp
Home Bancorp Price Performance
Home Bancorp (NASDAQ:HBCP – Get Free Report) last issued its quarterly earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.14. The business had revenue of $32.76 million for the quarter, compared to analyst estimates of $33.10 million. Home Bancorp had a net margin of 22.57% and a return on equity of 11.65%. Equities research analysts anticipate that Home Bancorp, Inc. will post 3.95 EPS for the current fiscal year.
Home Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Monday, February 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Friday, February 2nd. Home Bancorp’s dividend payout ratio is presently 20.04%.
Insider Activity
In other Home Bancorp news, CFO David T. Kirkley sold 1,150 shares of Home Bancorp stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $39.99, for a total transaction of $45,988.50. Following the completion of the transaction, the chief financial officer now owns 4,639 shares in the company, valued at approximately $185,513.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.30% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. FJ Capital Management LLC grew its stake in shares of Home Bancorp by 0.3% during the 2nd quarter. FJ Capital Management LLC now owns 759,464 shares of the bank’s stock worth $25,222,000 after purchasing an additional 2,501 shares during the period. Bank of New York Mellon Corp boosted its holdings in Home Bancorp by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 56,629 shares of the bank’s stock worth $1,805,000 after buying an additional 425 shares in the last quarter. Spire Wealth Management boosted its holdings in Home Bancorp by 0.8% during the second quarter. Spire Wealth Management now owns 78,222 shares of the bank’s stock worth $2,598,000 after buying an additional 620 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Home Bancorp by 18.5% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 79,590 shares of the bank’s stock worth $2,643,000 after buying an additional 12,420 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Home Bancorp during the third quarter worth $25,000. 42.14% of the stock is currently owned by hedge funds and other institutional investors.
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.
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