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

Home Bancorp (NASDAQ:HBCP - Get Free Report) released its earnings results on Monday. The bank reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.21, Zacks reports. Home Bancorp had a return on equity of 9.74% and a net margin of 18.82%.

Home Bancorp Price Performance

Shares of NASDAQ HBCP traded up $0.39 on Monday, hitting $56.47. The company's stock had a trading volume of 38,146 shares, compared to its average volume of 27,730. The stock has a 50 day moving average of $51.87 and a 200-day moving average of $48.51. The company has a market capitalization of $440.47 million, a price-to-earnings ratio of 11.81 and a beta of 0.56. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.96 and a quick ratio of 0.96. Home Bancorp has a 12-month low of $37.35 and a 12-month high of $57.31.

Home Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Monday, August 4th will be issued a $0.29 dividend. This is a positive change from Home Bancorp's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 2.05%. Home Bancorp's dividend payout ratio is 22.59%.

Insider Buying and Selling at Home Bancorp

In other news, CFO David T. Kirkley sold 2,284 shares of the company's stock in a transaction 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 directly owned 3,633 shares in the company, valued at $176,309.49. This represents a 38.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel G. Guidry sold 2,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $50.94, for a total transaction of $101,880.00. Following the completion of the transaction, the director directly owned 64,819 shares in the company, valued at approximately $3,301,879.86. This represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,784 shares of company stock valued at $238,923 in the last three months. 7.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Home Bancorp

Several hedge funds have recently modified their holdings of HBCP. Royal Bank of Canada boosted its position 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. AQR Capital Management LLC boosted its stake 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 during the last quarter. Jane Street Group LLC acquired a new stake in shares of Home Bancorp during the first quarter worth approximately $612,000. Finally, Empowered Funds LLC raised its holdings in Home Bancorp by 7.3% in the first quarter. Empowered Funds LLC now owns 33,749 shares of the bank's stock valued at $1,512,000 after acquiring an additional 2,301 shares in the last quarter. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on HBCP. Hovde Group upped their target price 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. Piper Sandler raised their target price on Home Bancorp from $60.00 to $65.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen raised Home Bancorp from a "hold" rating to a "buy" rating in a report 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.

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