Home Bancorp (NASDAQ:HBCP) Sets New 52-Week High - Should You Buy?

Key Points

• Home Bancorp shares reached a new 52-week high of $73.35, last trading at $72.85. The stock has a market capitalization of about $568 million and trades at a P/E ratio of 12.11.
• The bank exceeded quarterly expectations, reporting $1.48 in EPS versus a $1.46 consensus and revenue of $39.72 million versus $38.57 million expected. Analysts maintain a “Moderate Buy” consensus, with an average price target of $69.50.
• Home Bancorp raised its quarterly dividend to $0.32 per share, or $1.28 annually, representing a 1.8% yield. Institutional ownership stands at 49.41%, while one director recently sold 1,000 shares.

Shares of Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $73.35 and last traded at $72.85, with a volume of 21155 shares changing hands. The stock had previously closed at $72.08.

Analysts Set New Price Targets

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

Home Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 0.97 and a quick ratio of 0.97. The stock's 50-day moving average price is $68.92 and its 200-day moving average price is $64.36. The company has a market cap of $567.91 million, a P/E ratio of 12.11 and a beta of 0.50.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The bank reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. Home Bancorp had a net margin of 22.23% and a return on equity of 10.65%. The business had revenue of $39.72 million during the quarter, compared to analysts' expectations of $38.57 million. Equities analysts anticipate that Home Bancorp, Inc. will post 5.98 EPS for the current year.

Home Bancorp Increases Dividend

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

Insider Transactions at Home Bancorp

In other Home Bancorp news, Director Daniel G. Guidry sold 1,000 shares of the firm's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $65.01, for a total transaction of $65,010.00. Following the transaction, the director owned 63,519 shares in the company, valued at $4,129,370.19. This trade represents a 1.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.20% of the stock is owned by corporate insiders.

Institutional Trading of Home Bancorp

Institutional investors have recently modified their holdings of the stock. Elizabeth Park Capital Advisors Ltd. lifted its position in Home Bancorp by 40.9% during the fourth quarter. Elizabeth Park Capital Advisors Ltd. now owns 34,469 shares of the bank's stock worth $1,992,000 after purchasing an additional 10,000 shares during the period. Summit Financial Wealth Advisors LLC raised its position in shares of Home Bancorp by 31.1% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 36,013 shares of the bank's stock valued at $2,182,000 after buying an additional 8,539 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Home Bancorp by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 429,581 shares of the bank's stock valued at $26,024,000 after buying an additional 7,792 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Home Bancorp by 56.4% during the 4th quarter. LSV Asset Management now owns 34,425 shares of the bank's stock worth $1,990,000 after acquiring an additional 12,420 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of Home Bancorp by 6.0% during the 1st quarter. Empowered Funds LLC now owns 48,727 shares of the bank's stock worth $2,952,000 after acquiring an additional 2,737 shares during the period. 49.41% of the stock is currently owned by institutional investors.

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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