Home Bancorp (NASDAQ:HBCP) Shares Cross Above 200-Day Moving Average – Should You Sell?

Home Bancorp, Inc. (NASDAQ:HBCP) passed 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 changing hands.

Wall Street Analyst Weigh In

HBCP has been the subject of several recent research reports. Hovde Group cut Home Bancorp from an “outperform” rating to a “market perform” rating and increased their price target for the company from $53.00 to $54.50 in a report on Tuesday, November 12th. StockNews.com lowered shares of Home Bancorp from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Raymond James raised shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research report on Monday, October 21st.

Home Bancorp Stock Up 0.7 %

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24. The firm has a market cap of $377.88 million, a PE ratio of 10.37 and a beta of 0.70. The business has a 50-day moving average price of $48.52 and a two-hundred day moving average price of $43.84.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Thursday, October 17th. The bank reported $1.18 earnings per share for the quarter, topping the consensus estimate 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. On average, equities research analysts expect that Home Bancorp, Inc. will post 4.48 EPS for the current year.

Home Bancorp Increases Dividend

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

Institutional Investors Weigh In On Home Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its position in Home Bancorp by 120.9% in the second quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock valued at $5,615,000 after purchasing an additional 76,812 shares during the period. Montz Harcus Wealth Management LLC acquired a new stake in shares of Home Bancorp during the third quarter valued at $1,598,000. Crawford Fund Management LLC lifted its stake 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 valued at $4,068,000 after buying an additional 29,722 shares during the period. JPMorgan Chase & Co. grew its position in shares of 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 purchasing an additional 8,459 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Home Bancorp by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank’s stock valued at $15,938,000 after acquiring an additional 8,219 shares during the last quarter. 49.41% of the stock is owned by hedge funds and other institutional investors.

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.