Home Bancorp (NASDAQ:HBCP) Stock Passes Above 200-Day Moving Average - What's Next?

Key Points

• Technical breakout: HBCP shares climbed above their 200-day moving average of $59.26, trading as high as $65.63 and last at $65.40 on a volume of 74,967, signaling a potential bullish trend.
• Fundamentals beat estimates: The bank reported Q1 EPS of $1.45 versus $1.39 expected and revenue of $38.22M versus $33.63M, with a P/E of 10.99 and an 11% return on equity.
• Analyst and shareholder signals: MarketBeat shows an average rating of Moderate Buy with a $65.50 price target, the company announced a $0.31 quarterly dividend (1.9% yield), and insiders/ institutions have recently traded shares.

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $59.26 and traded as high as $65.63. Home Bancorp shares last traded at $65.40, with a volume of 74,967 shares changing hands.

Wall Street Analysts Forecast Growth

HBCP has been the topic of several recent research reports. Zacks Research downgraded Home Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 30th. Weiss Ratings upgraded Home Bancorp from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Monday. Hovde Group upped 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. Finally, Piper Sandler lowered 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. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $65.50.

Home Bancorp Price Performance

The company has a market capitalization of $512.74 million, a price-to-earnings ratio of 10.99 and a beta of 0.50. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $61.55 and a 200 day simple moving average of $59.26.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last announced its quarterly earnings results on Monday, April 20th. The bank reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. The company had revenue of $38.22 million during the quarter, compared to analyst estimates of $33.63 million. Home Bancorp had a return on equity of 11.00% and a net margin of 22.18%.During the same period in the prior year, the firm posted $1.37 earnings per share. As a group, research analysts predict that Home Bancorp, Inc. will post 5.92 EPS for the current year.

Home Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be paid a $0.31 dividend. The ex-dividend date is Monday, May 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. Home Bancorp's dividend payout ratio (DPR) is 20.84%.

Insider Transactions at Home Bancorp

In other news, EVP Darren E. Guidry sold 1,600 shares of the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $62.78, for a total value of $100,448.00. Following the completion of the sale, the executive vice president owned 18,530 shares in the company, valued at approximately $1,163,313.40. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Chris P. Rader bought 500 shares of the stock in a transaction dated Thursday, February 19th. The stock was bought at an average price of $59.50 per share, with a total value of $29,750.00. Following the purchase, the director owned 17,714 shares of the company's stock, valued at approximately $1,053,983. This represents a 2.90% increase in their position. The disclosure for this purchase is available in the SEC filing. 6.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Home Bancorp

A number of large investors have recently modified their holdings of HBCP. Raymond James Financial Inc. acquired a new stake in shares of Home Bancorp in the second quarter valued at about $46,000. Tower Research Capital LLC TRC grew its stake in shares of Home Bancorp by 116.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank's stock valued at $74,000 after buying an additional 769 shares in the last quarter. Canton Hathaway LLC acquired a new stake in shares of Home Bancorp in the third quarter valued at about $118,000. Occudo Quantitative Strategies LP acquired a new stake in shares of Home Bancorp in the fourth quarter valued at about $202,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Home Bancorp in the fourth quarter valued at about $208,000. Institutional investors and hedge funds 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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