California Public Employees Retirement System Buys 2,400 Shares of Home Bancorp, Inc. (NASDAQ:HBCP)

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California Public Employees Retirement System lifted its stake in Home Bancorp, Inc. (NASDAQ:HBCP) by 11.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,093 shares of the bank’s stock after purchasing an additional 2,400 shares during the quarter. California Public Employees Retirement System owned about 0.25% of Home Bancorp worth $900,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rhumbline Advisers boosted its position in shares of Home Bancorp by 9.0% in the 3rd quarter. Rhumbline Advisers now owns 12,486 shares of the bank’s stock worth $487,000 after purchasing an additional 1,030 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Home Bancorp by 12.1% in the 2nd quarter. Vanguard Group Inc. now owns 360,662 shares of the bank’s stock worth $13,878,000 after purchasing an additional 39,019 shares in the last quarter. Northern Trust Corp boosted its position in shares of Home Bancorp by 3.1% in the 2nd quarter. Northern Trust Corp now owns 95,736 shares of the bank’s stock worth $3,684,000 after purchasing an additional 2,843 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Home Bancorp by 2.1% in the 2nd quarter. Renaissance Technologies LLC now owns 231,400 shares of the bank’s stock worth $8,904,000 after purchasing an additional 4,700 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Home Bancorp by 2.0% in the 2nd quarter. BlackRock Inc. now owns 405,936 shares of the bank’s stock worth $15,619,000 after purchasing an additional 7,927 shares in the last quarter. 39.28% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO Joseph B. Zanco sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $37.68, for a total value of $226,080.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Chris P. Rader acquired 875 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average price of $38.40 per share, with a total value of $33,600.00. The disclosure for this purchase can be found here. 12.40% of the stock is owned by insiders.

A number of analysts have recently commented on HBCP shares. BidaskClub cut Home Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Zacks Investment Research raised Home Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Home Bancorp has an average rating of “Hold” and a consensus target price of $40.50.

Shares of NASDAQ HBCP opened at $38.58 on Monday. Home Bancorp, Inc. has a twelve month low of $32.59 and a twelve month high of $40.80. The firm has a market cap of $362.95 million, a P/E ratio of 10.84 and a beta of 0.38. The company has a 50 day moving average of $38.74 and a 200 day moving average of $37.52. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.15.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). Home Bancorp had a return on equity of 9.58% and a net margin of 25.17%. The firm had revenue of $25.92 million during the quarter, compared to analysts’ expectations of $25.16 million. As a group, equities analysts expect that Home Bancorp, Inc. will post 3.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.22 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.88 dividend on an annualized basis and a yield of 2.28%. Home Bancorp’s payout ratio is currently 24.72%.

Home Bancorp Company Profile

Home Bancorp, Inc operates as the holding company for Home Bank, National Association that provides various banking products and services in Louisiana. It offers deposits products, including interest-bearing and noninterest-bearing checking, money market, savings, and certificates of deposit accounts.

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Institutional Ownership by Quarter for Home Bancorp (NASDAQ:HBCP)

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