Home Bancorp, Inc. $HBCP Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its position in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 12.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,437 shares of the bank’s stock after selling 776 shares during the quarter. Janney Montgomery Scott LLC owned about 0.07% of Home Bancorp worth $282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC increased its position in Home Bancorp by 92.2% during the 1st quarter. CWM LLC now owns 1,307 shares of the bank’s stock worth $59,000 after purchasing an additional 627 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Home Bancorp in the 2nd quarter valued at $207,000. Royal Bank of Canada raised its stake in shares of Home Bancorp by 11.8% in the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock valued at $258,000 after acquiring an additional 607 shares during the period. PDT Partners LLC lifted its holdings in shares of Home Bancorp by 49.0% during the 1st quarter. PDT Partners LLC now owns 6,553 shares of the bank’s stock valued at $294,000 after acquiring an additional 2,156 shares in the last quarter. Finally, Strs Ohio purchased a new stake in Home Bancorp during the 1st quarter worth $502,000. 49.41% of the stock is owned by institutional investors and hedge funds.

Home Bancorp Trading Down 0.1%

HBCP opened at $51.19 on Monday. The firm’s fifty day moving average price is $54.68 and its 200 day moving average price is $51.93. The stock has a market capitalization of $400.31 million, a PE ratio of 9.83 and a beta of 0.62. Home Bancorp, Inc. has a 12-month low of $39.59 and a 12-month high of $61.07. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings results on Monday, July 21st. The bank reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.21. The business had revenue of $37.07 million during the quarter, compared to the consensus estimate of $32.07 million. Home Bancorp had a return on equity of 10.34% and a net margin of 20.09%. As a group, research analysts expect that Home Bancorp, Inc. will post 4.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on HBCP. Zacks Research lowered Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Home Bancorp in a research report on Wednesday, October 8th. Finally, Raymond James Financial lifted their price objective on shares of Home Bancorp from $52.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Home Bancorp has a consensus rating of “Moderate Buy” and an average price target of $59.50.

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.