Home Bancorp (NASDAQ:HBCP) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Home Bancorp, Inc. (NASDAQ:HBCP) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $46.50 and traded as high as $46.96. Home Bancorp shares last traded at $45.77, with a volume of 19,389 shares traded.

Wall Street Analyst Weigh In

HBCP has been the topic of several research reports. Hovde Group cut shares of Home Bancorp from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $53.00 to $54.50 in a report on Tuesday, November 12th. Piper Sandler initiated coverage on shares of Home Bancorp in a report on Friday, February 21st. They issued an “overweight” rating and a $60.00 target price on the stock. Finally, StockNews.com upgraded shares of Home Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday.

Home Bancorp Stock Down 1.9 %

The company’s 50 day moving average price is $47.61 and its two-hundred day moving average price is $46.50. The firm has a market cap of $369.64 million, a PE ratio of 10.06 and a beta of 0.71. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings results on Monday, January 27th. The bank reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.07. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. During the same quarter in the previous year, the firm posted $1.17 EPS. On average, equities research analysts expect that Home Bancorp, Inc. will post 4.78 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were paid a dividend of $0.27 per share. This is a boost from Home Bancorp’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, February 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.36%. Home Bancorp’s payout ratio is 23.74%.

Institutional Investors Weigh In On Home Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of HBCP. Empowered Funds LLC grew its position in shares of Home Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 29,963 shares of the bank’s stock worth $1,336,000 after purchasing an additional 1,474 shares in the last quarter. Summit Financial Wealth Advisors LLC grew its position in shares of Home Bancorp by 12.6% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,374 shares of the bank’s stock worth $1,042,000 after purchasing an additional 2,622 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Home Bancorp by 73.8% during the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock worth $106,000 after purchasing an additional 1,009 shares in the last quarter. De Lisle Partners LLP grew its position in shares of Home Bancorp by 36.1% during the third quarter. De Lisle Partners LLP now owns 24,985 shares of the bank’s stock worth $1,114,000 after purchasing an additional 6,626 shares in the last quarter. Finally, Crawford Fund Management LLC grew its position in shares of Home Bancorp by 48.3% during the third quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank’s stock worth $4,068,000 after purchasing an additional 29,722 shares in the last quarter. 49.41% of the stock is owned by institutional investors.

About Home Bancorp

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.