Home Bancorp (NASDAQ:HBCP) Issues Earnings Results, Beats Expectations By $997.61 EPS
by Jessica Moore · The Cerbat GemHome Bancorp (NASDAQ:HBCP – Get Free Report) released its quarterly earnings results on Monday. The bank reported $999.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $997.61, Zacks reports. Home Bancorp had a net margin of 22.01% and a return on equity of 11.03%.
Home Bancorp Stock Performance
Shares of NASDAQ HBCP traded down $0.78 during midday trading on Monday, hitting $63.90. The company’s stock had a trading volume of 143,729 shares, compared to its average volume of 88,307. Home Bancorp has a 1-year low of $42.87 and a 1-year high of $65.94. The firm’s fifty day moving average price is $61.00 and its 200-day moving average price is $58.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $500.98 million, a P/E ratio of 10.89 and a beta of 0.53.
Home Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 9th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. Home Bancorp’s payout ratio is 21.12%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Home Bancorp in a research report on Friday, March 27th. Zacks Research downgraded shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Hovde Group boosted their target price on shares of Home Bancorp from $61.00 to $62.00 and gave the stock a “market perform” rating in a research report on Thursday, January 29th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $63.00.
Get Our Latest Research Report on HBCP
Insider Activity at Home Bancorp
In other Home Bancorp news, Director Chris P. Rader purchased 500 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was acquired at an average cost of $59.50 per share, with a total value of $29,750.00. Following the acquisition, the director owned 17,714 shares of the company’s stock, valued at approximately $1,053,983. This represents a 2.90% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 6.20% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Home Bancorp by 10.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 8,936 shares of the bank’s stock valued at $485,000 after buying an additional 841 shares during the period. Ieq Capital LLC boosted its holdings in shares of Home Bancorp by 26.3% in the 4th quarter. Ieq Capital LLC now owns 8,110 shares of the bank’s stock valued at $469,000 after buying an additional 1,687 shares during the period. State of Wisconsin Investment Board acquired a new position in shares of Home Bancorp in the 4th quarter valued at about $384,000. PDT Partners LLC boosted its holdings in shares of Home Bancorp by 3.7% in the 2nd quarter. PDT Partners LLC now owns 6,798 shares of the bank’s stock valued at $352,000 after buying an additional 245 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in shares of Home Bancorp in the 2nd quarter valued at about $347,000. 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 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.