Home Bancorp, Inc. (NASDAQ:HBCP) CFO David T. Kirkley Sells 2,284 Shares

Home Bancorp, Inc. (NASDAQ:HBCP) CFO David T. Kirkley sold 2,284 shares of Home Bancorp stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $48.53, for a total value of $110,842.52. Following the completion of the transaction, the chief financial officer now directly owns 3,633 shares in the company, valued at $176,309.49. This trade represents a 38.60 % 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.

Home Bancorp Stock Down 1.9 %

HBCP stock opened at $49.42 on Friday. The business has a 50 day moving average of $45.17 and a 200 day moving average of $46.94. The firm has a market cap of $396.40 million, a PE ratio of 10.86 and a beta of 0.55. Home Bancorp, Inc. has a twelve month low of $34.51 and a twelve month high of $52.77. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Monday, April 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.23. The business had revenue of $35.76 million during the quarter, compared to analysts’ expectations of $30.90 million. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. During the same period in the previous year, the company earned $1.14 earnings per share. On average, research analysts forecast that Home Bancorp, Inc. will post 4.78 EPS for the current fiscal year.

Home Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Monday, May 5th will be paid a $0.27 dividend. The ex-dividend date is Monday, May 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.19%. Home Bancorp’s dividend payout ratio is presently 23.74%.

Institutional Investors Weigh In On Home Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Montz Harcus Wealth Management LLC increased its position in Home Bancorp by 288.5% during the first 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. GAMMA Investing LLC increased its position in shares of Home Bancorp by 5,285.9% during the 1st quarter. GAMMA Investing LLC now owns 48,742 shares of the bank’s stock valued at $21,840,000 after purchasing an additional 47,837 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in shares of Home Bancorp by 72.6% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 72,962 shares of the bank’s stock worth $3,372,000 after purchasing an additional 30,681 shares during the period. American Century Companies Inc. boosted its holdings in shares of Home Bancorp by 49.8% in the fourth quarter. American Century Companies Inc. now owns 77,068 shares of the bank’s stock worth $3,561,000 after buying an additional 25,617 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in Home Bancorp during the fourth quarter valued at approximately $919,000. Hedge funds and other institutional investors own 49.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on HBCP. Hovde Group boosted their price objective on shares of Home Bancorp from $48.50 to $51.50 and gave the company a “market perform” rating in a research report on Thursday. Piper Sandler boosted their price target on Home Bancorp from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, StockNews.com cut Home Bancorp from a “buy” rating to a “hold” rating in a report on Friday, March 21st.

Home Bancorp Company Profile

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.