Home Bancorp (NASDAQ:HBCP) EVP John Iv Zollinger Sells 311 Shares

Key Points

• Insider sale: EVP John Iv Zollinger sold 311 shares on April 28 at an average price of $63.12 for $19,630.32, trimming his stake by 4.01% to 7,441 shares valued at about $469,676.
• Quarterly beat: Home Bancorp reported EPS of $1.45 vs. $1.39 expected and revenue of $38.22M (above $33.63M est.), with a 22.18% net margin and analysts forecasting $5.92 EPS for the fiscal year.
• Dividend declared: The company announced a $0.31 quarterly dividend (annualized $1.24) payable May 15, ex-dividend and record date on May 4, implying roughly a 2.0% yield and a ~20.8% payout ratio.

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) EVP John Iv Zollinger sold 311 shares of the firm's stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $63.12, for a total transaction of $19,630.32. Following the completion of the transaction, the executive vice president directly owned 7,441 shares of the company's stock, valued at $469,675.92. This represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Home Bancorp Trading Up 0.9%

Home Bancorp stock traded up $0.57 during midday trading on Tuesday, reaching $63.39. The stock had a trading volume of 46,170 shares, compared to its average volume of 88,836. The firm's fifty day simple moving average is $61.22 and its two-hundred day simple moving average is $58.87. Home Bancorp, Inc. has a twelve month low of $47.96 and a twelve month high of $65.94. 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 firm has a market cap of $496.85 million, a price-to-earnings ratio of 10.65 and a beta of 0.53.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its quarterly earnings data on Monday, April 20th. The bank reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.06. Home Bancorp had a net margin of 22.18% and a return on equity of 11.00%. The firm had revenue of $38.22 million during the quarter, compared to analyst estimates of $33.63 million. During the same quarter last year, the business posted $1.37 EPS. Equities analysts anticipate that Home Bancorp, Inc. will post 5.92 EPS for the current fiscal year.

Home Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.24 dividend on an annualized basis and a yield of 2.0%. Home Bancorp's dividend payout ratio (DPR) is currently 20.84%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Piper Sandler lowered shares of Home Bancorp from an "overweight" rating to a "neutral" rating and set a $69.00 price objective for the company. in a research note on Wednesday, April 22nd. Zacks Research downgraded shares of Home Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of Home Bancorp in a research report on Friday, March 27th. Finally, Hovde Group increased their target price on shares of Home Bancorp from $62.00 to $65.50 and gave the stock a "market perform" rating in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $65.50.

Institutional Investors Weigh In On Home Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PDT Partners LLC raised its holdings 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 valued at $352,000 after purchasing an additional 245 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Home Bancorp by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 10,705 shares of the bank's stock valued at $554,000 after purchasing an additional 250 shares in the last quarter. NewEdge Advisors LLC grew its stake in Home Bancorp by 0.4% in the 4th quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank's stock valued at $6,144,000 after buying an additional 382 shares during the last quarter. Royal Bank of Canada grew its stake in Home Bancorp by 11.8% in the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank's stock valued at $258,000 after buying an additional 607 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Home Bancorp by 4.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 16,439 shares of the bank's stock valued at $893,000 after buying an additional 637 shares during the last quarter. Hedge funds and other institutional investors own 49.41% of the company's stock.

Home Bancorp Company Profile

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.

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