Hillsdale Investment Management Inc. Sells 61,485 Shares of Home Bancorp, Inc. $HBCP

Hillsdale Investment Management Inc. decreased its position in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 55.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 49,011 shares of the bank’s stock after selling 61,485 shares during the period. Hillsdale Investment Management Inc.’s holdings in Home Bancorp were worth $2,969,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HBCP. Raymond James Financial Inc. bought a new position in Home Bancorp in the second quarter valued at approximately $46,000. Tower Research Capital LLC TRC boosted its holdings in shares of Home Bancorp by 116.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after purchasing an additional 769 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in shares of Home Bancorp in the 4th quarter valued at $202,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Home Bancorp in the 4th quarter valued at $208,000. Finally, Mariner LLC bought a new position in shares of Home Bancorp in the 4th quarter valued at $211,000. 49.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HBCP has been the subject of several recent analyst reports. Zacks Research downgraded Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Hovde Group lifted their target price on Home Bancorp from $62.00 to $65.50 and gave the company a “market perform” rating in a research report on Wednesday, April 22nd. Weiss Ratings raised Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Finally, Piper Sandler cut shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 target price for the company. in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $65.50.

Insider Transactions at Home Bancorp

In related news, EVP John J. Iv Zollinger sold 867 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $62.77, for a total value of $54,421.59. Following the completion of the transaction, the executive vice president owned 7,643 shares in the company, valued at $479,751.11. This trade represents a 10.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darren E. Guidry sold 1,600 shares of Home Bancorp stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $62.78, for a total transaction of $100,448.00. Following the sale, the executive vice president owned 18,530 shares in the company, valued at approximately $1,163,313.40. This represents a 7.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 5,653 shares of company stock valued at $359,063. 6.20% of the stock is currently owned by company insiders.

Home Bancorp Stock Performance

NASDAQ HBCP opened at $69.23 on Thursday. The firm’s fifty day moving average price is $66.24 and its two-hundred day moving average price is $62.78. The stock has a market cap of $542.76 million, a PE ratio of 11.64 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98. Home Bancorp, Inc. has a fifty-two week low of $49.49 and a fifty-two week high of $71.46.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Monday, April 20th. The bank reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.The company had revenue of $38.22 million during the quarter, compared to analysts’ expectations of $33.63 million. During the same period in the prior year, the company earned $1.37 EPS. On average, equities analysts expect that Home Bancorp, Inc. will post 5.98 EPS for the current fiscal year.

Home Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, May 4th. Home Bancorp’s dividend payout ratio (DPR) is presently 20.84%.

Home Bancorp Company Profile

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.