Home Bancorp (NASDAQ:HBCP) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Home Bancorp, Inc. (NASDAQ:HBCP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $43.84 and traded as high as $47.41. Home Bancorp shares last traded at $46.79, with a volume of 60,549 shares.

Analyst Upgrades and Downgrades

A number of research firms have commented on HBCP. Raymond James raised shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Monday, October 21st. Hovde Group lowered Home Bancorp from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $53.00 to $54.50 in a report on Tuesday, November 12th. Finally, StockNews.com downgraded Home Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Home Bancorp Trading Up 0.7 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50 day simple moving average of $48.52 and a 200-day simple moving average of $43.84. The stock has a market capitalization of $377.88 million, a price-to-earnings ratio of 10.37 and a beta of 0.70.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Thursday, October 17th. The bank reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.21. Home Bancorp had a return on equity of 9.58% and a net margin of 18.55%. The business had revenue of $34.07 million for the quarter, compared to analyst estimates of $33.10 million. As a group, equities analysts expect that Home Bancorp, Inc. will post 4.48 earnings per share for the current year.

Home Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were paid a $0.26 dividend. This is an increase from Home Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.22%. The ex-dividend date was Monday, October 28th. Home Bancorp’s dividend payout ratio (DPR) is 23.06%.

Institutional Trading of Home Bancorp

A number of hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake 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 during the period. SG Americas Securities LLC bought a new stake in Home Bancorp during the third quarter worth about $110,000. Barclays PLC raised its position in shares of Home Bancorp by 287.9% in the 3rd quarter. Barclays PLC now owns 9,142 shares of the bank’s stock valued at $407,000 after buying an additional 6,785 shares in the last quarter. Martingale Asset Management L P raised its stake in Home Bancorp by 2.9% during the third quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock worth $632,000 after acquiring an additional 400 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Home Bancorp by 136.2% in the third quarter. JPMorgan Chase & Co. now owns 14,668 shares of the bank’s stock valued at $654,000 after buying an additional 8,459 shares in the last quarter. Institutional investors and hedge funds own 49.41% of the company’s stock.

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.