Home Bancorp, Inc. (NASDAQ:HBCP) EVP Sells $12,236.61 in Stock

Home Bancorp, Inc. (NASDAQ:HBCPGet Free Report) EVP John J. Iv Zollinger sold 267 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $45.83, for a total value of $12,236.61. Following the sale, the executive vice president now owns 5,762 shares in the company, valued at $264,072.46. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Home Bancorp Stock Up 1.0 %

HBCP opened at $48.67 on Thursday. The stock’s 50 day moving average price is $43.69 and its 200 day moving average price is $40.30. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $395.59 million, a P/E ratio of 10.27 and a beta of 0.69. Home Bancorp, Inc. has a 12 month low of $33.00 and a 12 month high of $49.70.

Home Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, October 28th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.14%. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, October 28th. Home Bancorp’s dividend payout ratio (DPR) is 21.94%.

Institutional Investors Weigh In On Home Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in shares of Home Bancorp by 531.8% during the 1st quarter. BNP Paribas Financial Markets now owns 12,289 shares of the bank’s stock worth $471,000 after buying an additional 10,344 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Home Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 26,509 shares of the bank’s stock valued at $1,016,000 after acquiring an additional 1,925 shares during the period. Vanguard Group Inc. raised its holdings in Home Bancorp by 0.9% during the first quarter. Vanguard Group Inc. now owns 365,043 shares of the bank’s stock worth $13,985,000 after purchasing an additional 3,414 shares in the last quarter. Kennedy Capital Management LLC lifted its position in Home Bancorp by 29.3% in the first quarter. Kennedy Capital Management LLC now owns 22,832 shares of the bank’s stock worth $875,000 after purchasing an additional 5,177 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Home Bancorp by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock valued at $1,438,000 after purchasing an additional 2,672 shares in the last quarter. 49.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HBCP. Raymond James raised Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Monday, October 21st. Hovde Group lifted their price objective on shares of Home Bancorp from $48.50 to $53.00 and gave the company an “outperform” rating in a research report on Monday, October 21st.

Read Our Latest Analysis on Home Bancorp

Home Bancorp Company Profile

(Get Free Report)

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.

Further Reading

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