Home Bancorp (NASDAQ:HBCP) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Home Bancorp's stock price fell below its 200-day moving average of $51.77, trading as low as $50.54, indicating potential downward momentum.
• Analysts have mixed opinions, with Raymond James raising the target price to $62.00 and Zacks cutting its rating to "hold," while the consensus remains a "Moderate Buy" with an average target price of $59.50.
• The company recently increased its quarterly dividend from $0.27 to $0.29, reflecting a dividend yield of 2.3%, which signifies a strong cash flow position and commitment to shareholders.

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $51.77 and traded as low as $50.54. Home Bancorp shares last traded at $51.26, with a volume of 36,547 shares changing hands.

Analyst Ratings Changes

A number of research firms recently commented on HBCP. Raymond James Financial boosted their target price on Home Bancorp from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Zacks Research cut Home Bancorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Home Bancorp in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Home Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $59.50.

Home Bancorp Stock Performance

The firm has a market capitalization of $400.85 million, a PE ratio of 9.84 and a beta of 0.62. The business has a 50-day simple moving average of $54.66 and a 200-day simple moving average of $51.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last released its earnings results on Monday, July 21st. The bank reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.21. The firm had revenue of $37.07 million for the quarter, compared to the consensus estimate of $32.07 million. Home Bancorp had a return on equity of 10.34% and a net margin of 20.09%. Equities research analysts expect that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were issued a $0.29 dividend. This is a boost from Home Bancorp's previous quarterly dividend of $0.27. The ex-dividend date was Monday, August 4th. This represents a $1.16 annualized dividend and a dividend yield of 2.3%. Home Bancorp's dividend payout ratio (DPR) is 22.26%.

Institutional Trading of Home Bancorp

Several institutional investors have recently added to or reduced their stakes in HBCP. American Century Companies Inc. grew its stake in shares of Home Bancorp by 20.9% during the second quarter. American Century Companies Inc. now owns 126,791 shares of the bank's stock valued at $6,565,000 after buying an additional 21,945 shares during the last quarter. Montz Harcus Wealth Management LLC grew its position in Home Bancorp by 288.5% in the 1st quarter. Montz Harcus Wealth Management LLC now owns 113,065 shares of the bank's stock valued at $5,065,000 after acquiring an additional 83,965 shares during the last quarter. NewEdge Advisors LLC increased its stake in Home Bancorp by 0.3% in the first quarter. NewEdge Advisors LLC now owns 111,742 shares of the bank's stock worth $5,006,000 after purchasing an additional 370 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in shares of Home Bancorp by 18.9% during the first quarter. Pacific Ridge Capital Partners LLC now owns 86,784 shares of the bank's stock worth $3,888,000 after purchasing an additional 13,822 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Home Bancorp during the second quarter worth $3,676,000. Institutional investors own 49.41% of the company's stock.

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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