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

Key Points

• Home Bancorp shares crossed above their 200-day moving average, reaching $70.05 before closing at $69.64. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $69.50, including Raymond James’ $74 target.
• The company exceeded quarterly earnings and revenue expectations, reporting $1.48 in EPS and $39.72 million in revenue. Analysts expect approximately $5.98 in full-year EPS.
• Home Bancorp raised its quarterly dividend to $0.32 per share, representing a 1.8% yield, while institutional investors own 49.41% of the stock; an executive recently sold 750 shares.

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $65.88 and traded as high as $70.05. Home Bancorp shares last traded at $69.64, with a volume of 44,912 shares trading hands.

Analysts Set New Price Targets

HBCP has been the topic of a number of research analyst reports. Raymond James Financial reaffirmed an "outperform" rating and set a $74.00 target price on shares of Home Bancorp in a report on Wednesday, July 22nd. Weiss Ratings reiterated a "buy (a-)" rating on shares of Home Bancorp in a report on Friday, July 31st. One research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.50.

Home Bancorp Stock Performance

The stock's 50-day moving average price is $70.04 and its 200-day moving average price is $65.88. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $545.98 million, a P/E ratio of 11.65 and a beta of 0.49.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The bank reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates 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, equities analysts expect 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 was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, August 3rd. This is a positive change from Home Bancorp's previous quarterly dividend of $0.31. Home Bancorp's payout ratio is currently 21.40%.

Insider Activity

In related news, EVP John Zollinger, IV sold 750 shares of the business's 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 completion of the transaction, the executive vice president owned 7,643 shares in the company, valued at $547,850.24. The trade was a 8.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 6.20% of the company's stock.

Institutional Investors Weigh In On Home Bancorp

Several large investors have recently added to or reduced their stakes in HBCP. Bank of New York Mellon Corp bought a new position in shares of Home Bancorp during the second quarter worth about $2,429,000. 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 stake in Home Bancorp in the 2nd quarter valued at about $1,656,000. Globeflex Capital L P acquired a new position in Home Bancorp during the 2nd quarter valued at about $1,962,000. Finally, Bank of America Corp DE boosted its stake in Home Bancorp by 84.1% during the 1st quarter. Bank of America Corp DE now owns 24,268 shares of the bank's stock valued at $1,470,000 after purchasing an additional 11,085 shares during the period. 49.41% of the stock is owned by institutional investors and hedge funds.

About Home Bancorp

Home Bancorp, Inc is the bank holding company for Home Bank, N.A., a community-focused financial institution headquartered in Lafayette, Louisiana. Through its banking subsidiary, the company provides financial services to individuals, families, businesses and organizations across its service area.

Home Bank offers deposit products such as checking, savings, money market and certificate accounts. Its lending activities include residential mortgage loans, home equity loans, commercial real estate financing, construction loans, commercial and industrial loans, and consumer loans.

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