Home Bancorp (NASDAQ:HBCP) Stock Crosses Above 200 Day Moving Average - What's Next?

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report)'s share price 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 traded.

Analyst Upgrades and Downgrades

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

Home Bancorp Trading Down 1.4 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $372.55 million, a price-to-earnings ratio of 10.23 and a beta of 0.70. The company's 50 day simple moving average is $48.55 and its two-hundred day simple moving average is $43.86.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.21. The business had revenue of $34.07 million for the quarter, compared to the consensus estimate of $33.10 million. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%. Research analysts expect that Home Bancorp, Inc. will post 4.48 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.25%. This is a positive change from Home Bancorp's previous quarterly dividend of $0.25. The ex-dividend date was Monday, October 28th. Home Bancorp's payout ratio is currently 23.06%.

Hedge Funds Weigh In On Home Bancorp

A number of hedge funds have recently added to or reduced their stakes in HBCP. Martingale Asset Management L P raised its holdings 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 valued at $632,000 after buying an additional 400 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Home Bancorp by 73.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank's stock valued at $106,000 after acquiring an additional 1,009 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Home Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 29,963 shares of the bank's stock valued at $1,336,000 after acquiring an additional 1,474 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Home Bancorp by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 162,727 shares of the bank's stock worth $7,256,000 after purchasing an additional 1,874 shares during the last quarter. Finally, State Street Corp boosted its position in Home Bancorp by 1.5% during the third quarter. State Street Corp now owns 156,752 shares of the bank's stock worth $6,988,000 after purchasing an additional 2,269 shares during the period. Institutional investors and hedge funds own 49.41% of the company's stock.

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.