5,733 Shares in Home Bancorp, Inc. (NASDAQ:HBCP) Bought by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC bought a new stake in shares of Home Bancorp, Inc. (NASDAQ:HBCP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,733 shares of the bank’s stock, valued at approximately $241,000.

A number of other hedge funds and other institutional investors have also modified their holdings of HBCP. Goldman Sachs Group Inc. increased its stake in shares of Home Bancorp by 61.2% in the second quarter. Goldman Sachs Group Inc. now owns 67,151 shares of the bank’s stock worth $2,292,000 after buying an additional 25,482 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Home Bancorp in the 3rd quarter valued at about $971,000. Dimensional Fund Advisors LP raised its stake in shares of Home Bancorp by 4.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 357,982 shares of the bank’s stock valued at $13,957,000 after purchasing an additional 16,389 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Home Bancorp by 18.5% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 79,590 shares of the bank’s stock worth $2,643,000 after purchasing an additional 12,420 shares in the last quarter. Finally, State Street Corp increased its holdings in Home Bancorp by 6.3% in the first quarter. State Street Corp now owns 153,411 shares of the bank’s stock valued at $6,258,000 after buying an additional 9,049 shares during the last quarter. 49.41% of the stock is owned by hedge funds and other institutional investors.

Home Bancorp Stock Performance

Home Bancorp stock traded down $0.05 during mid-day trading on Thursday, reaching $37.48. The company’s stock had a trading volume of 7,939 shares, compared to its average volume of 11,493. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.26. Home Bancorp, Inc. has a twelve month low of $27.75 and a twelve month high of $44.00. The business has a 50 day moving average price of $37.32 and a 200-day moving average price of $36.83. The firm has a market cap of $305.46 million, a price-to-earnings ratio of 7.52 and a beta of 0.67.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.14. Home Bancorp had a net margin of 22.57% and a return on equity of 11.46%. The company had revenue of $32.76 million for the quarter, compared to the consensus estimate of $33.10 million. Sell-side analysts predict that Home Bancorp, Inc. will post 3.95 EPS for the current fiscal year.

Home Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Monday, February 5th were issued a $0.25 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.67%. Home Bancorp’s dividend payout ratio (DPR) is presently 20.04%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler downgraded Home Bancorp from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $40.00 to $43.00 in a report on Wednesday, January 24th.

Home Bancorp 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.