Home Bancorp (NASDAQ:HBCP) EVP Sells 750 Shares

Key Points

• Insider sale: EVP John Iv Zollinger sold 750 Home Bancorp shares at an average price of $71.68, generating $53,760 and reducing his ownership by 8.94% to 7,643 shares.
• Financial performance: Home Bancorp exceeded quarterly expectations, reporting $1.48 in earnings per share versus the $1.46 consensus and revenue of $39.72 million versus estimates of $38.57 million.
• Dividend and market outlook: The company raised its quarterly dividend to $0.32, or $1.28 annually, producing a 1.8% yield. Analysts’ average rating is “Moderate Buy,” with an average price target of $69.50, while shares recently traded at $70.56.

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) EVP John Iv Zollinger sold 750 shares of the company's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $71.68, for a total transaction of $53,760.00. Following the transaction, the executive vice president owned 7,643 shares in the company, valued at approximately $547,850.24. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Home Bancorp Trading Down 1.3%

Shares of Home Bancorp stock traded down $0.90 during trading on Wednesday, hitting $70.56. 24,839 shares of the company were exchanged, compared to its average volume of 89,659. The firm's fifty day moving average price is $69.42 and its 200 day moving average price is $64.71. The firm has a market capitalization of $553.36 million, a P/E ratio of 11.80 and a beta of 0.50. Home Bancorp, Inc. has a 1-year low of $50.54 and a 1-year high of $74.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.97 and a quick ratio of 0.97.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last announced its quarterly earnings results on Monday, July 20th. The bank reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.02. The firm had revenue of $39.72 million for the quarter, compared to analyst estimates of $38.57 million. Home Bancorp had a net margin of 22.23% and a return on equity of 10.65%. As a group, sell-side analysts expect that Home Bancorp, Inc. will post 5.98 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a $0.32 dividend. This is an increase from Home Bancorp's previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, August 3rd. Home Bancorp's dividend payout ratio is 21.40%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Home Bancorp during the 2nd quarter valued at approximately $46,000. Tower Research Capital LLC TRC lifted its holdings in Home Bancorp by 116.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank's stock worth $74,000 after buying an additional 769 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Home Bancorp during the 2nd quarter worth approximately $105,000. Occudo Quantitative Strategies LP bought a new position in shares of Home Bancorp in the 4th quarter worth approximately $202,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Home Bancorp in the 4th quarter valued at approximately $208,000. 49.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on HBCP. Weiss Ratings reiterated a "buy (a-)" rating on shares of Home Bancorp in a report on Friday, July 31st. Piper Sandler downgraded shares of Home Bancorp from an "overweight" rating to a "neutral" rating and set a $69.00 price objective on the stock. in a research note on Wednesday, April 22nd. Hovde Group raised their price objective on shares of Home Bancorp from $62.00 to $65.50 and gave the company a "market perform" rating in a report on Wednesday, April 22nd. Finally, Raymond James Financial restated an "outperform" rating and issued a $74.00 price target on shares of Home Bancorp in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $69.50.

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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