Dimensional Fund Advisors LP Has $19.38 Million Stake in Home Bancorp, Inc. (NASDAQ:HBCP)

Dimensional Fund Advisors LP lifted its stake in Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 419,454 shares of the bank's stock after purchasing an additional 10,734 shares during the period. Dimensional Fund Advisors LP owned 5.19% of Home Bancorp worth $19,383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Picton Mahoney Asset Management raised its stake in shares of Home Bancorp by 100.7% in the 4th quarter. Picton Mahoney Asset Management now owns 590 shares of the bank's stock valued at $27,000 after purchasing an additional 296 shares during the period. SG Americas Securities LLC raised its stake in shares of Home Bancorp by 27.2% in the 4th quarter. SG Americas Securities LLC now owns 3,125 shares of the bank's stock valued at $144,000 after purchasing an additional 668 shares during the period. First Trust Advisors LP acquired a new stake in shares of Home Bancorp in the 4th quarter valued at about $228,000. Wells Fargo & Company MN raised its stake in shares of Home Bancorp by 14.6% in the 4th quarter. Wells Fargo & Company MN now owns 7,101 shares of the bank's stock valued at $328,000 after purchasing an additional 902 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Home Bancorp in the 4th quarter valued at about $345,000. 49.41% of the stock is currently owned by institutional investors.

Home Bancorp Price Performance

Shares of NASDAQ:HBCP traded up $0.29 during trading on Tuesday, hitting $51.61. 1,440 shares of the company were exchanged, compared to its average volume of 20,194. The business's 50 day moving average is $45.84 and its 200-day moving average is $47.39. The company has a market capitalization of $402.61 million, a P/E ratio of 11.34 and a beta of 0.56. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24. Home Bancorp, Inc. has a 1-year low of $35.16 and a 1-year high of $52.77.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The bank reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.23. The business had revenue of $35.76 million during the quarter, compared to the consensus estimate of $30.90 million. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same period in the prior year, the business posted $1.14 earnings per share. Equities analysts forecast that Home Bancorp, Inc. will post 4.78 earnings per share for the current year.

Home Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Monday, May 5th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, May 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.09%. Home Bancorp's dividend payout ratio (DPR) is currently 22.59%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Home Bancorp from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th. Piper Sandler raised their price objective on Home Bancorp from $60.00 to $65.00 and gave the company an "overweight" rating in a report on Wednesday, April 23rd. Finally, Hovde Group raised their price objective on Home Bancorp from $48.50 to $51.50 and gave the company a "market perform" rating in a report on Thursday, April 24th.

Insider Buying and Selling at Home Bancorp

In other Home Bancorp news, CFO David T. Kirkley sold 2,284 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $48.53, for a total transaction of $110,842.52. Following the sale, the chief financial officer now owns 3,633 shares of the company's stock, valued at approximately $176,309.49. This represents a 38.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel G. Guidry sold 2,000 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $50.94, for a total transaction of $101,880.00. Following the sale, the director now directly owns 64,819 shares in the company, valued at $3,301,879.86. This trade represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders own 7.90% of the company's stock.

Home Bancorp Company Profile

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