Home Bancorp (NASDAQ:HBCP) Announces Earnings Results, Beats Expectations By $0.06 EPS

Key Points

• Home Bancorp reported $1.45 EPS, beating the $1.39 consensus by $0.06 and rising from $1.37 a year earlier, with a net margin of 22.01% and return on equity of 11.03%.
• Shares fell about 1.2% to $63.90 despite the beat; the stock trades at roughly 10.9x P/E and the company pays a quarterly dividend of $0.31 (annualized $1.24, 1.9% yield, 21.1% payout ratio).
• Analysts hold a consensus rating of Moderate Buy with a $63.00 target, while insiders increased holdings (director bought 500 shares) and institutional investors own about 49.4% of the stock.

Home Bancorp (NASDAQ:HBCP - Get Free Report) announced its earnings results on Monday. The bank reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.06, Zacks reports. Home Bancorp had a net margin of 22.01% and a return on equity of 11.03%. During the same quarter last year, the company earned $1.37 EPS.

Home Bancorp Trading Down 1.2%

Shares of HBCP stock traded down $0.78 on Monday, reaching $63.90. 161,431 shares of the stock were exchanged, compared to its average volume of 88,546. The stock has a market cap of $500.98 million, a P/E ratio of 10.89 and a beta of 0.53. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $61.00 and a two-hundred day moving average of $58.44. Home Bancorp has a 1-year low of $42.87 and a 1-year high of $65.94.

Home Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 9th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. Home Bancorp's payout ratio is currently 21.12%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HBCP. Weiss Ratings restated a "buy (b)" rating on shares of Home Bancorp in a report on Friday, March 27th. Hovde Group upped their target price on Home Bancorp from $61.00 to $62.00 and gave the company a "market perform" rating in a research note on Thursday, January 29th. Finally, Zacks Research downgraded Home Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 30th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.00.

Insiders Place Their Bets

In other news, Director Chris P. Rader purchased 500 shares of the stock in a transaction on Thursday, February 19th. The stock was purchased at an average price of $59.50 per share, with a total value of $29,750.00. Following the completion of the transaction, the director owned 17,714 shares in the company, valued at approximately $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 hyperlink. Insiders own 6.20% of the company's stock.

Institutional Trading of Home Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of HBCP. Raymond James Financial Inc. purchased a new stake in Home Bancorp during the second quarter worth approximately $46,000. Tower Research Capital LLC TRC raised its stake in shares of Home Bancorp by 116.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank's stock valued at $74,000 after acquiring an additional 769 shares during the period. Occudo Quantitative Strategies LP acquired a new position in shares of Home Bancorp during the 4th quarter valued at $202,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Home Bancorp during the 4th quarter valued at $208,000. Finally, Mariner LLC purchased a new stake in Home Bancorp during the 4th quarter worth $211,000. Institutional investors and hedge funds own 49.41% of the company's stock.

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.