Pick Up This Bargain Even Cheaper Than Director Trappey Did

By Dividend Channel Staff, Tuesday, February 16, 11:18 AM ET

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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on February 8, Home Bancorp Inc's Director, Ann Forte Trappey, invested $58,079.45 into 1,851 shares of HBCP, for a cost per share of $31.38. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Tuesday, bargain hunters could buy shares of Home Bancorp Inc (NASDAQ:HBCP) and achieve a cost basis even cheaper than Trappey, with shares changing hands as low as $31.34 per share. Home Bancorp Inc shares are currently trading down about 1.9% on the day. The chart below shows the one year performance of HBCP shares, versus its 200 day moving average:

Home Bancorp Inc Chart

Looking at the chart above, HBCP's low point in its 52 week range is $18.57 per share, with $36.825 as the 52 week high point — that compares with a last trade of $31.65. By comparison, below is a table showing the prices at which HBCP insider buying was recorded over the last six months:

Purchased	Insider	Title	Shares	Price/Share	Value
09/04/2020	Ann Forte Trappey	Director	1,900	$25.79	$49,001.00
02/08/2021	Ann Forte Trappey	Director	1,851	$31.38	$58,079.45

The current annualized dividend paid by Home Bancorp Inc is $0.88/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/05/2021. Below is a long-term dividend history chart for HBCP, which can be of good help in judging whether the most recent dividend with approx. 2.7% annualized yield is likely to continue.

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Pick Up This Bargain Even Cheaper Than Director Trappey Did

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