Home Bancorp (NASDAQ:HBCP) Share Price Passes Below 200 Day Moving Average of $38.16

The share price of ) fell below its 200-day moving average on Monday. Stock has a 200-day moving average of 38.16 and traded as low at $29.25. Home Bancorp shares were last traded at $29.41 with 9,123 shares trading hands.

Analyst Upgrades and downgrades

In a report published on Sunday, 19th March, Home Bancorp shares were downgraded from a "buy" rating to a "hold". Raymond James began covering Home Bancorp on Monday, 20th March in a research report. The stock was given a rating of'market perform.' Piper Sandler lowered their price target on Home Bancorp to $44.00 from $50.00 in a report published on Wednesday, April 19. They also assigned the company an "overweight" rating. Three analysts gave the stock a buy recommendation, while two research analysts gave it a hold recommendation. The company's quick ratio is 0.91, its current ratio is 0.91 and it has a debt to equity ratio of 0.23. The company has a market cap of $249.45 millions, a PE of 5.99 and a beta value of 0.65. The stock's 50-day simple moving is $32.98, and its 200-day simple moving is $38.03.

The last time the bank released its quarterly earnings was on Tuesday, 18th April. The bank posted $1.39 per share for the quarter. This was $0.18 higher than the consensus estimate of just $1.21. Home Bancorp's return on equity was 13.00%, and its net margin was 26.74%. The firm's revenue for the quarter was $34.91 million, which is lower than analyst expectations of $34.80. Home Bancorp, Inc. is expected to post an average of 4.76 earnings per shares for the current fiscal year, according to sell-side analysts.

Home Bancorp Announces Dividend

Recently, the business announced a quarterly distribution that will be paid out on Friday, 12th May. Dividends will be paid to stockholders who were in the record books on Monday, 1st May. This is a $1.00 dividend annualized and a dividend rate of 3.32%. This dividend will be paid on Friday, 28th April. Home Bancorp has a dividend payout ratio of 19.92%.

Inflows of Institutional Capital and Outflows

Several large investors recently changed their stock positions. UBS Group AG increased its stake in Home Bancorp during the third quarter by 224.1%. UBS Group AG owns 1,144 of the bank's shares worth $45,000, after purchasing an additional 791 during the period. Spire Wealth Management increased its holdings in Home Bancorp shares by 2,269.5% over the first quarter. Spire Wealth Management owns 77 602 shares of Home Bancorp's stock, valued at $2 563,000, after buying an additional 74 327 shares. Bailard Inc. acquired a new stake in Home Bancorp shares during the first quarter, valued at $201,000. Dimensional Fund Advisors LP increased its holdings of Home Bancorp in the fourth quarter by 1.4%. Dimensional Fund Advisors LP owns 362,882 of the bank’s stock, worth $14.527,000. This is after purchasing 4,900 additional shares. Russell Investments Group Ltd. also increased its stakes in Home Bancorp in the fourth quarter by 1.7%. Russell Investments Group Ltd. owns now 34,817 of the bank’s shares worth $1,394,000, after purchasing an additional 575 in the last quarter. Hedge funds and institutional investors own 39.09%.

About Home Bancorp

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Home Bancorp, Inc is a holding company for banks. Home Bank, N.A. is its subsidiary and offers a wide range of deposit products and loans through banking centers located in South Louisiana and Western Mississippi. The company was established in 2008, with its headquarters in Lafayette, LA.

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