Acadian Asset Management LLC boosted its stake in Home Bancorp, Inc. (NASDAQ:HBCP – Get Rating) by 20.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,142 shares of the bank's stock after acquiring an additional 8,561 shares during the period. Acadian Asset Management LLC owned 0.60% of Home Bancorp worth $2,044,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in HBCP. American Century Companies Inc. raised its holdings in Home Bancorp by 33.5% in the fourth quarter. American Century Companies Inc. now owns 21,381 shares of the bank's stock valued at $888,000 after acquiring an additional 5,369 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Home Bancorp by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 308,469 shares of the bank's stock valued at $12,804,000 after acquiring an additional 4,890 shares in the last quarter. Lazard Asset Management LLC raised its holdings in Home Bancorp by 70.7% in the fourth quarter. Lazard Asset Management LLC now owns 780 shares of the bank's stock valued at $32,000 after acquiring an additional 323 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Home Bancorp by 65.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 3,517 shares of the bank's stock valued at $146,000 after acquiring an additional 1,388 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Home Bancorp by 4.1% in the fourth quarter. Renaissance Technologies LLC now owns 146,373 shares of the bank's stock valued at $6,076,000 after acquiring an additional 5,800 shares in the last quarter. 39.46% of the stock is owned by institutional investors and hedge funds.
Get Home Bancorp alerts:Wall Street Analyst Weigh In
Several research firms recently issued reports on HBCP. Piper Sandler upped their price target on shares of Home Bancorp to $49.00 and gave the company an "outperform" rating in a report on Wednesday, July 27th. StockNews.com lowered shares of Home Bancorp from a "buy" rating to a "hold" rating in a research note on Thursday, September 1st. DA Davidson upgraded shares of Home Bancorp from a "neutral" rating to a "buy" rating and set a $44.50 target price for the company in a research note on Wednesday, June 1st. They noted that the move was a valuation call. Finally, Hovde Group started coverage on shares of Home Bancorp in a research note on Friday, July 8th. They set an "outperform" rating and a $46.00 target price for the company.
Insider Buying and Selling
In related news, Director Chris P. Rader acquired 1,000 shares of Home Bancorp stock in a transaction that occurred on Wednesday, August 24th. The stock was acquired at an average price of $40.20 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now directly owns 14,109 shares of the company's stock, valued at approximately $567,181.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.00% of the company's stock.Home Bancorp Stock Down 1.7 %
Home Bancorp stock opened at $37.93 on Tuesday. The company has a 50-day simple moving average of $38.00 and a 200-day simple moving average of $37.92. The firm has a market capitalization of $316.60 million, a P/E ratio of 8.28 and a beta of 0.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 0.92. Home Bancorp, Inc. has a one year low of $33.16 and a one year high of $45.73.
Home Bancorp (NASDAQ:HBCP – Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The bank reported $1.19 EPS for the quarter, topping the consensus estimate of $1.03 by $0.16. The business had revenue of $32.93 million during the quarter, compared to analyst estimates of $31.75 million. Home Bancorp had a net margin of 30.46% and a return on equity of 12.62%. As a group, equities analysts expect that Home Bancorp, Inc. will post 4.39 earnings per share for the current year.
Home Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Monday, August 8th were given a dividend of $0.23 per share. The ex-dividend date was Friday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 2.43%. Home Bancorp's dividend payout ratio is currently 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.
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