American Century Companies Inc. Boosts Holdings in Home Bancorp, Inc. $HBCP

Key Points

• American Century Companies Inc. increased its stake in Home Bancorp by 36.0%, totaling 104,846 shares valued at approximately $4.7 million as of the end of the 1st quarter.
• Home Bancorp recently declared a quarterly dividend of $0.29 per share, up from the previous $0.27, reflecting a growing commitment to returning value to shareholders.
• Analysts have a consensus rating of "Moderate Buy" for Home Bancorp, with a target price of $59.50, supported by positive earnings reports and upward adjustments from firms like Raymond James.

American Century Companies Inc. lifted its holdings in shares of Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 36.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,846 shares of the bank's stock after acquiring an additional 27,778 shares during the period. American Century Companies Inc. owned approximately 1.34% of Home Bancorp worth $4,697,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HBCP. Wells Fargo & Company MN grew its position in Home Bancorp by 14.6% in the 4th quarter. Wells Fargo & Company MN now owns 7,101 shares of the bank's stock worth $328,000 after purchasing an additional 902 shares in the last quarter. Barclays PLC boosted its stake in Home Bancorp by 15.9% in the fourth quarter. Barclays PLC now owns 10,595 shares of the bank's stock valued at $490,000 after acquiring an additional 1,453 shares during the last quarter. First Trust Advisors LP purchased a new position in Home Bancorp in the fourth quarter valued at about $228,000. Dimensional Fund Advisors LP boosted its stake in Home Bancorp by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 419,454 shares of the bank's stock valued at $19,383,000 after acquiring an additional 10,734 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Home Bancorp by 247.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,322 shares of the bank's stock valued at $61,000 after acquiring an additional 942 shares during the last quarter. 49.41% of the stock is owned by institutional investors.

Home Bancorp Stock Performance

Shares of NASDAQ:HBCP traded up $0.31 during trading on Thursday, hitting $56.13. 4,386 shares of the company were exchanged, compared to its average volume of 35,489. Home Bancorp, Inc. has a 52-week low of $39.59 and a 52-week high of $61.07. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $438.90 million, a PE ratio of 10.77 and a beta of 0.63. The stock has a 50 day moving average of $54.35 and a 200 day moving average of $49.89.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its earnings results on Monday, July 21st. The bank reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.21. Home Bancorp had a net margin of 20.09% and a return on equity of 10.34%. The business had revenue of $37.07 million for the quarter, compared to analysts' expectations of $32.07 million. As a group, equities research analysts predict that Home Bancorp, Inc. will post 4.78 EPS for the current year.

Home Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 4th were paid a $0.29 dividend. The ex-dividend date was Monday, August 4th. This represents a $1.16 annualized dividend and a yield of 2.1%. This is a boost from Home Bancorp's previous quarterly dividend of $0.27. Home Bancorp's dividend payout ratio is currently 22.26%.

Analyst Ratings Changes

A number of brokerages recently commented on HBCP. Zacks Research cut shares of Home Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Wall Street Zen raised shares of Home Bancorp from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Raymond James Financial increased their target price on Home Bancorp from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Home Bancorp has an average rating of "Moderate Buy" and a consensus price target of $59.50.

About Home Bancorp

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.