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Home Bancorp, Inc. (NASDAQ:HBCP) Sees Significant Increase in Short Interest

kopsource · Aug 17, 2022 10:22

Home Bancorp, Inc. (NASDAQ:HBCP – Get Rating) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 81,700 shares, an increase of 5.3% from the July 15th total of 77,600 shares. Based on an average daily volume of 13,300 shares, the short-interest ratio is presently 6.1 days. Currently, 1.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Home Bancorp

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Home Bancorp by 4.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 321,890 shares of the bank's stock valued at $13,130,000 after purchasing an additional 13,421 shares during the last quarter. State Street Corp increased its holdings in Home Bancorp by 6.3% in the 1st quarter. State Street Corp now owns 153,411 shares of the bank's stock worth $6,258,000 after purchasing an additional 9,049 shares in the last quarter. Maltese Capital Management LLC boosted its stake in shares of Home Bancorp by 10.2% during the second quarter. Maltese Capital Management LLC now owns 95,753 shares of the bank's stock valued at $3,268,000 after purchasing an additional 8,880 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Home Bancorp by 20.6% during the first quarter. Acadian Asset Management LLC now owns 50,142 shares of the bank's stock worth $2,044,000 after purchasing an additional 8,561 shares during the last quarter. Finally, Invesco Ltd. acquired a new position in shares of Home Bancorp in the first quarter valued at approximately $344,000. 47.43% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several analysts have commented on HBCP shares. DA Davidson raised Home Bancorp from a "neutral" rating to a "buy" rating and set a $44.50 price target on the stock in a research note on Wednesday, June 1st. They noted that the move was a valuation call. Piper Sandler increased their target price on Home Bancorp to $49.00 and gave the stock an "outperform" rating in a report on Wednesday, July 27th. StockNews.com downgraded Home Bancorp from a "buy" rating to a "hold" rating in a research note on Thursday, August 4th. Finally, Hovde Group assumed coverage on Home Bancorp in a research report on Friday, July 8th. They issued an "outperform" rating and a $46.00 target price on the stock.

Home Bancorp Stock Performance

NASDAQ HBCP traded up $0.17 on Wednesday, hitting $42.56. 5,799 shares of the stock were exchanged, compared to its average volume of 11,986. The company has a market capitalization of $355.38 million, a PE ratio of 9.29 and a beta of 0.74. The business's fifty day moving average is $36.62 and its 200 day moving average is $37.85. Home Bancorp has a 52 week low of $33.16 and a 52 week high of $45.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.92 and a quick ratio of 0.92.

Home Bancorp (NASDAQ:HBCP – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The bank reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.16. Home Bancorp had a net margin of 30.46% and a return on equity of 12.62%. The firm had revenue of $32.93 million during the quarter, compared to the consensus estimate of $31.75 million. Research analysts anticipate that Home Bancorp will post 4.39 EPS for the current fiscal year.

Home Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, August 8th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Friday, August 5th. Home Bancorp's dividend payout ratio (DPR) is presently 20.09%.

About Home Bancorp

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Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana and Mississippi. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.