John J. Iv Zollinger Sells Shares of Home Bancorp, Inc. (NASDAQ:HBCP)

On October 25th, 2023, John J. Iv Zollinger, the Executive Vice President of Home Bancorp, Inc. (NASDAQ:HBCP), executed the sale of 267 shares of the company's stock. The shares were sold at an average price of $45.83 each, culminating in a total value of $12,236.61 for this transaction. Following this sale, Zollinger holds a direct ownership of 5,762 shares in Home Bancorp, equivalent to a value of $264,072.46. Notably, this transaction reflects a 0.00% decrease in his ownership of the stock. The details of this sale have been officially disclosed in a document filed with the Securities and Exchange Commission (SEC), which can be accessed through the provided link.

Overview of Home Bancorp Stock Performance

During mid-day trading on the latest Monday, Home Bancorp stock traded up by $1.99, reaching a price of $47.54. A total of 25,604 shares of the company were exchanged on this day, contrasting with its average trading volume of 14,495 shares. Over the past year, the company's stock has seen a low of $33.00 and a high of $48.96. Home Bancorp's financial ratios include a debt-to-equity ratio of 0.25, a quick ratio of 0.96, and a current ratio of 0.96. Additionally, the fifty-day and two-hundred day simple moving averages for the firm stand at $43.29 and $40.06, respectively. With a market capitalization of $386.41 million, the company also has a PE ratio of 9.97 and a beta of 0.69.

Dividend Increase Announced by Home Bancorp

Recently, Home Bancorp took the opportunity to announce an increase in its quarterly dividend, which is set to be paid out on November 8th, 2023. The dividend amount will be $0.26 per share for stockholders of record on October 28th, 2023. This new dividend represents an increase from the previous quarterly payment of $0.25. Consequently, the annualized dividend stands at $1.04, resulting in a dividend yield of 2.19%. Currently, the company's dividend payout ratio (DPR) is noted at 21.94%.

Recent Changes by Institutional Investors in Home Bancorp

Several institutional investors have recently adjusted their stakes in Home Bancorp. SG Americas Securities LLC purchased a new position worth $110,000 during the third quarter. Meanwhile, BNP Paribas Financial Markets significantly increased its holdings by 531.8% during the first quarter, currently owning 12,289 shares valued at $471,000 after acquiring an additional 10,344 shares. Similarly, Kennedy Capital Management LLC raised its investment in Home Bancorp by 29.3% in the same period, now possessing 22,832 shares, worth $875,000 after purchasing an extra 5,177 shares. Empowered Funds LLC also increased its stake by 7.8%, now holding 26,509 shares valued at $1,016,000. Additionally, Montz Harcus Wealth Management LLC acquired a new stake valued at approximately $1,598,000 in the third quarter. Institutional investors currently hold 49.41% of the shares of Home Bancorp.

Analyst Ratings Updates

In terms of analyst ratings, several research firms have provided updates on HBCP shares. Raymond James upgraded Home Bancorp from a "market perform" rating to an "outperform" rating, while setting a price target of $50.00 for the shares on October 21st. On the same day, Hovde Group also raised its price target from $48.50 to $53.00 and endorsed an "outperform" rating for the stock.

About Home Bancorp

Home Bancorp, Inc. serves as the bank holding company for Home Bank, National Association, providing a range of banking products and services across Louisiana, Mississippi, and Texas. Among its offerings are various deposit products, including interest-bearing and noninterest-bearing checking, money market accounts, savings accounts, NOW accounts, and certificates of deposit.

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