Home Bancorp, Inc. $HBCP Shares Purchased by LSV Asset Management

LSV Asset Management boosted its holdings in Home Bancorp, Inc. (NASDAQ:HBCP) by 56.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,425 shares of the bank’s stock after purchasing an additional 12,420 shares during the quarter. LSV Asset Management’s holdings in Home Bancorp were worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HBCP. Royal Bank of Canada increased its stake in Home Bancorp by 11.8% in the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock valued at $258,000 after purchasing an additional 607 shares during the last quarter. AQR Capital Management LLC increased its stake in Home Bancorp by 80.7% in the first quarter. AQR Capital Management LLC now owns 12,258 shares of the bank’s stock valued at $549,000 after purchasing an additional 5,476 shares during the last quarter. Empowered Funds LLC increased its stake in Home Bancorp by 7.3% in the first quarter. Empowered Funds LLC now owns 33,749 shares of the bank’s stock valued at $1,512,000 after purchasing an additional 2,301 shares during the last quarter. Jane Street Group LLC acquired a new position in Home Bancorp in the first quarter valued at $612,000. Finally, JPMorgan Chase & Co. increased its stake in Home Bancorp by 9.5% in the second quarter. JPMorgan Chase & Co. now owns 21,669 shares of the bank’s stock valued at $1,122,000 after purchasing an additional 1,878 shares during the last quarter. 49.41% of the stock is currently owned by institutional investors and hedge funds.

Home Bancorp Trading Down 0.8%

Shares of HBCP opened at $64.84 on Thursday. The company has a market capitalization of $508.35 million, a P/E ratio of 10.90 and a beta of 0.50. Home Bancorp, Inc. has a one year low of $48.29 and a one year high of $66.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50-day moving average price of $62.79 and a 200 day moving average price of $60.24.

Home Bancorp (NASDAQ:HBCP) last issued 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. The firm had revenue of $38.22 million during the quarter, compared to the consensus estimate of $33.63 million. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.During the same quarter in the prior year, the business posted $1.37 earnings per share. Sell-side analysts forecast that Home Bancorp, Inc. will post 5.98 EPS for the current fiscal year.

Home Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. Home Bancorp’s dividend payout ratio is currently 20.84%.

Wall Street Analyst Weigh In

HBCP has been the subject of several research analyst reports. Weiss Ratings upgraded Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Piper Sandler lowered Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price target for the company. in a research note on Wednesday, April 22nd. Zacks Research lowered Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Hovde Group upped their price target on Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a research note 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.50.

Insiders Place Their Bets

In other news, EVP Darren E. Guidry sold 1,600 shares of the 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 directly owned 18,530 shares in the company, valued at approximately $1,163,313.40. This represents a 7.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David T. Kirkley sold 655 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $62.80, for a total value of $41,134.00. Following the sale, the chief financial officer owned 5,064 shares in the company, valued at $318,019.20. The trade was a 11.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 5,653 shares of company stock worth $359,063. Company 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.