Insider Selling: Home Bancorp, Inc. (NASDAQ:HBCP) Director Sells 5,000 Shares of Stock

Home Bancorp, Inc. (NASDAQ:HBCP) Director Daniel G. Guidry sold 5,000 shares of Home Bancorp stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $41.48, for a total transaction of $207,400.00. Following the completion of the transaction, the director now owns 66,819 shares in the company, valued at $2,771,652.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Home Bancorp Stock Performance

HBCP traded up $1.37 during trading on Tuesday, reaching $44.29. 9,159 shares of the company were exchanged, compared to its average volume of 13,930. The stock has a market cap of $360.08 million, a P/E ratio of 9.05 and a beta of 0.69. The firm has a 50 day moving average of $38.25 and a 200 day moving average of $37.61. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25. Home Bancorp, Inc. has a 52 week low of $31.47 and a 52 week high of $45.41.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Wednesday, July 17th. The bank reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.04. Home Bancorp had a return on equity of 10.08% and a net margin of 19.16%. The business had revenue of $49.21 million during the quarter, compared to analyst estimates of $31.90 million. During the same quarter in the prior year, the firm posted $1.21 earnings per share. On average, sell-side analysts forecast that Home Bancorp, Inc. will post 4.3 EPS for the current fiscal year.

Home Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Monday, July 29th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, July 29th. This represents a $1.00 annualized dividend and a dividend yield of 2.26%. Home Bancorp’s dividend payout ratio is 21.10%.

Institutional Investors Weigh In On Home Bancorp

A number of large investors have recently bought and sold shares of HBCP. Cullen Investment Group LTD. bought a new stake in Home Bancorp during the fourth quarter valued at about $1,206,000. BNP Paribas Financial Markets boosted its holdings in Home Bancorp by 531.8% during the first quarter. BNP Paribas Financial Markets now owns 12,289 shares of the bank’s stock valued at $471,000 after acquiring an additional 10,344 shares during the period. Steel Grove Capital Advisors LLC bought a new stake in Home Bancorp during the fourth quarter valued at about $241,000. BCM Advisors LLC bought a new stake in Home Bancorp during the fourth quarter valued at about $225,000. Finally, Kennedy Capital Management LLC boosted its holdings in Home Bancorp by 29.3% during the first quarter. Kennedy Capital Management LLC now owns 22,832 shares of the bank’s stock valued at $875,000 after acquiring an additional 5,177 shares during the period. 49.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Hovde Group lifted their price objective on Home Bancorp from $45.00 to $48.50 and gave the stock an “outperform” rating in a research report on Friday.

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.