Home Bancorp (NASDAQ:HBCP) Sees Large Volume Increase - Time to Buy?

Key Points

• Home Bancorp shares traded actively but declined about 1%, last changing hands near $69.00; volume was 52,857 shares, down 41% from the prior session.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $69.50. Raymond James maintained an “Outperform” rating with a $74 target.
• The bank exceeded quarterly earnings and revenue estimates, reporting $1.48 EPS and $39.72 million in revenue, while raising its quarterly dividend to $0.32, or $1.28 annually.

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) shares saw unusually-high trading volume on Tuesday . 52,857 shares traded hands during trading, a decline of 41% from the previous session's volume of 89,638 shares.The stock last traded at $69.0020 and had previously closed at $69.89.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HBCP shares. Raymond James Financial reaffirmed an "outperform" rating and issued a $74.00 target price on shares of Home Bancorp in a research report on Wednesday, July 22nd. Weiss Ratings reissued a "buy (a-)" rating on shares of Home Bancorp in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $69.50.

Home Bancorp Trading Down 1.0%

The company has a market cap of $542.63 million, a P/E ratio of 11.57 and a beta of 0.50. The business's 50-day moving average price is $69.61 and its 200 day moving average price is $64.97. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.97 and a current ratio of 0.97.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last issued its earnings results on Monday, July 20th. The bank reported $1.48 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $38.57 million. As a group, analysts expect that Home Bancorp, Inc. will post 5.98 earnings per share for the current year.

Home Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a $0.32 dividend. This is an increase from Home Bancorp's previous quarterly dividend of $0.31. The ex-dividend date was Monday, August 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. Home Bancorp's dividend payout ratio (DPR) is currently 21.40%.

Insider Buying and Selling at Home Bancorp

In other news, EVP John J. Iv Zollinger sold 750 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $71.68, for a total transaction of $53,760.00. Following the transaction, the executive vice president owned 7,643 shares in the company, valued at approximately $547,850.24. This trade represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.20% of the company's stock.

Hedge Funds Weigh In On Home Bancorp

A number of hedge funds have recently bought and sold shares of HBCP. De Lisle Partners LLP bought a new stake in Home Bancorp in the 2nd quarter valued at about $1,577,000. Compass Financial Management LLC bought a new position in shares of Home Bancorp during the second quarter worth approximately $1,656,000. Globeflex Capital L P acquired a new stake in shares of Home Bancorp in the second quarter valued at approximately $1,962,000. Summit Financial Wealth Advisors LLC raised its position in shares of Home Bancorp by 31.1% in the first 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. Finally, Elizabeth Park Capital Advisors Ltd. boosted its stake in shares of Home Bancorp by 40.9% in the fourth quarter. Elizabeth Park Capital Advisors Ltd. now owns 34,469 shares of the bank's stock valued at $1,992,000 after buying an additional 10,000 shares during the period. 49.41% of the stock is owned by institutional investors.

About Home Bancorp

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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