Home Bancorp (NASDAQ:HBCP) Issues Earnings Results

Home Bancorp (NASDAQ:HBCP - Get Free Report) issued its earnings results on Monday. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.23, Zacks reports. The business had revenue of $35.76 million during the quarter, compared to the consensus estimate of $30.90 million. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. During the same period last year, the business posted $1.14 EPS.

Home Bancorp Stock Performance

NASDAQ HBCP traded down $0.97 on Friday, reaching $49.42. The stock had a trading volume of 17,112 shares, compared to its average volume of 20,006. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $396.40 million, a P/E ratio of 10.86 and a beta of 0.55. The firm has a fifty day moving average of $45.17 and a two-hundred day moving average of $46.97. Home Bancorp has a 1-year low of $34.51 and a 1-year high of $52.77.

Home Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Monday, May 5th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.08 annualized dividend and a yield of 2.19%. Home Bancorp's payout ratio is currently 22.59%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. StockNews.com cut Home Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Hovde Group raised their price target on Home Bancorp from $48.50 to $51.50 and gave the company a "market perform" rating in a report on Thursday. Finally, Piper Sandler upped their price objective on shares of Home Bancorp from $60.00 to $65.00 and gave the company an "overweight" rating in a report on Wednesday.

Insider Activity

In related news, CFO David T. Kirkley sold 2,284 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $48.53, for a total transaction of $110,842.52. Following the transaction, the chief financial officer now directly owns 3,633 shares of the company's stock, valued at approximately $176,309.49. This trade represents a 38.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.90% of the stock is currently owned by company insiders.

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.