Home Bancorp (NASDAQ:HBCP) Posts Quarterly Earnings Results, Beats Expectations By $0.21 EPS

Home Bancorp (NASDAQ:HBCP - Get Free Report) issued its quarterly earnings data on Monday. The bank reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.21, Zacks reports. Home Bancorp had a net margin of 20.09% and a return on equity of 10.42%. The company had revenue of $37.07 million for the quarter, compared to analysts' expectations of $32.07 million.

Home Bancorp Stock Performance

HBCP traded down $1.55 on Thursday, hitting $55.42. The company's stock had a trading volume of 35,090 shares, compared to its average volume of 61,792. The company's 50 day simple moving average is $52.26 and its 200-day simple moving average is $48.77. The firm has a market cap of $432.28 million, a P/E ratio of 10.64 and a beta of 0.56. Home Bancorp has a 12 month low of $37.35 and a 12 month high of $61.07. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.17.

Home Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Monday, August 4th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Monday, August 4th. This is an increase from Home Bancorp's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 2.09%. Home Bancorp's dividend payout ratio (DPR) is 20.73%.

Insider Activity at Home Bancorp

In related news, Director Daniel G. Guidry sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $50.94, for a total value of $101,880.00. Following the completion of the transaction, the director directly owned 64,819 shares of the company's stock, valued at approximately $3,301,879.86. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David T. Kirkley sold 2,284 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $48.53, for a total transaction of $110,842.52. Following the completion of the sale, the chief financial officer owned 3,633 shares in the company, valued at $176,309.49. This represents a 38.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,784 shares of company stock valued at $238,923. 7.90% of the stock is owned by insiders.

Institutional Trading of Home Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of HBCP. Royal Bank of Canada lifted 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 worth $258,000 after purchasing an additional 607 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Home Bancorp by 80.7% during the 1st quarter. AQR Capital Management LLC now owns 12,258 shares of the bank's stock valued at $549,000 after buying an additional 5,476 shares in the last quarter. Empowered Funds LLC raised its position in shares of Home Bancorp by 7.3% during the 1st quarter. Empowered Funds LLC now owns 33,749 shares of the bank's stock valued at $1,512,000 after buying an additional 2,301 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Home Bancorp during the 1st quarter valued at $612,000. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on HBCP shares. Hovde Group upped their price target on shares of Home Bancorp from $48.50 to $51.50 and gave the company a "market perform" rating in a research report on Thursday, April 24th. Raymond James Financial upped their target price on shares of Home Bancorp from $52.00 to $62.00 and gave the stock an "outperform" rating in a report on Wednesday. Piper Sandler increased their price objective on shares of Home Bancorp from $60.00 to $65.00 and gave the company an "overweight" rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen upgraded shares of Home Bancorp from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th.

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.