Globeflex Capital L P Takes $1.96 Million Position in Home Bancorp, Inc. $HBCP

Globeflex Capital L P bought a new position in shares of Home Bancorp, Inc. (NASDAQ:HBCP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 28,628 shares of the bank’s stock, valued at approximately $1,962,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HBCP. Raymond James Financial Inc. bought a new position in shares of Home Bancorp during the second quarter worth $46,000. Tower Research Capital LLC TRC increased its holdings in 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 acquiring an additional 769 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in Home Bancorp in the 4th quarter worth $202,000. Mercer Global Advisors Inc. ADV purchased a new stake in Home Bancorp in the 4th quarter worth $208,000. Finally, Mariner LLC bought a new position in shares of Home Bancorp during the 4th quarter valued at about $211,000. Institutional investors own 49.41% of the company’s stock.

Home Bancorp Stock Up 0.3%

NASDAQ:HBCP opened at $69.89 on Tuesday. The company has a market cap of $548.15 million, a price-to-earnings ratio of 11.69 and a beta of 0.50. Home Bancorp, Inc. has a twelve month low of $50.54 and a twelve month high of $74.50. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $69.61 and a 200-day simple moving average of $64.97.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Monday, July 20th. The bank reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. The company had revenue of $39.72 million for the quarter, compared to analysts’ expectations of $38.57 million. Home Bancorp had a return on equity of 10.65% and a net margin of 22.23%. Analysts anticipate that Home Bancorp, Inc. will post 5.98 EPS for the current year.

Home Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, August 3rd. This is a boost from Home Bancorp’s previous quarterly dividend of $0.31. Home Bancorp’s dividend payout ratio is currently 21.40%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Raymond James Financial restated an “outperform” rating and set a $74.00 price target on shares of Home Bancorp in a report on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (a-)” rating on shares of Home Bancorp in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.50.

Insider Buying and Selling at Home Bancorp

In other news, EVP John J. Iv Zollinger sold 750 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $71.68, for a total transaction of $53,760.00. Following the transaction, the executive vice president directly owned 7,643 shares in the company, valued at approximately $547,850.24. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.20% of the company’s stock.

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.