Home Bancorp (NASDAQ:HBCP) Stock Price Passes Above 200-Day Moving Average - Here's Why

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Analyst Ratings Changes

Several research firms recently weighed in on HBCP. Hovde Group lowered 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 upgraded Home Bancorp from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Piper Sandler began coverage on Home Bancorp in a report on Friday, February 21st. They set an "overweight" rating and a $60.00 price target on the stock.

Home Bancorp Stock Performance

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 business has a 50 day simple moving average of $47.54 and a two-hundred day simple moving average of $46.51. The firm has a market cap of $366.25 million, a PE ratio of 9.97 and a beta of 0.72.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last released its earnings results on Monday, January 27th. The bank reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.07. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same period last year, the business earned $1.17 EPS. As a group, equities research analysts forecast that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

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Home Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.08 annualized dividend and a dividend yield of 2.38%. This is a positive change from Home Bancorp's previous quarterly dividend of $0.26. Home Bancorp's dividend payout ratio (DPR) is currently 23.74%.

Hedge Funds Weigh In On Home Bancorp

Several institutional investors have recently made changes to their positions in HBCP. Empowered Funds LLC boosted its position in Home Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 29,963 shares of the bank's stock valued at $1,336,000 after purchasing an additional 1,474 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its position in Home Bancorp by 12.6% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,374 shares of the bank's stock valued at $1,042,000 after purchasing an additional 2,622 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Home Bancorp by 73.8% during the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank's stock valued at $106,000 after purchasing an additional 1,009 shares in the last quarter. De Lisle Partners LLP boosted its position in Home Bancorp by 36.1% during the third quarter. De Lisle Partners LLP now owns 24,985 shares of the bank's stock valued at $1,114,000 after purchasing an additional 6,626 shares in the last quarter. Finally, Crawford Fund Management LLC boosted its position in 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 purchasing an additional 29,722 shares in the last quarter. Hedge funds and other institutional investors 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.