BNP Paribas Financial Markets Raises Stock Holdings in Home Bancorp, Inc. (NASDAQ:HBCP)

BNP Paribas Financial Markets grew its holdings in shares of Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 235.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,985 shares of the bank's stock after buying an additional 5,608 shares during the quarter. BNP Paribas Financial Markets owned 0.10% of Home Bancorp worth $369,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Picton Mahoney Asset Management grew its stake in shares of Home Bancorp by 100.7% during the fourth quarter. Picton Mahoney Asset Management now owns 590 shares of the bank's stock valued at $27,000 after buying an additional 296 shares during the last quarter. SG Americas Securities LLC grew its stake in Home Bancorp by 27.2% in the fourth quarter. SG Americas Securities LLC now owns 3,125 shares of the bank's stock worth $144,000 after purchasing an additional 668 shares in the last quarter. Wells Fargo & Company MN grew its stake in Home Bancorp by 14.6% in the fourth 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. Tower Research Capital LLC TRC grew 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 worth $61,000 after purchasing an additional 942 shares in the last quarter. Finally, Bailard Inc. grew its stake in Home Bancorp by 11.6% in the fourth quarter. Bailard Inc. now owns 11,546 shares of the bank's stock worth $534,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 49.41% of the company's stock.

Insider Activity

In other news, CFO David T. Kirkley sold 2,284 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $48.53, for a total transaction of $110,842.52. Following the completion of the sale, the chief financial officer now owns 3,633 shares in the company, valued at approximately $176,309.49. This represents a 38.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel G. Guidry sold 500 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $52.40, for a total value of $26,200.00. Following the sale, the director now owns 64,319 shares of the company's stock, valued at approximately $3,370,315.60. This represents a 0.77% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,784 shares of company stock worth $238,923. Insiders own 7.90% of the company's stock.

Home Bancorp Stock Down 0.3%

Home Bancorp stock traded down $0.16 during mid-day trading on Friday, reaching $50.44. 100,365 shares of the company were exchanged, compared to its average volume of 21,974. The business has a fifty day moving average of $47.42 and a 200 day moving average of $47.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $393.48 million, a P/E ratio of 11.09 and a beta of 0.56. Home Bancorp, Inc. has a 12-month low of $35.16 and a 12-month high of $52.77.

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

Home Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 5th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.14%. Home Bancorp's dividend payout ratio is currently 22.59%.

Wall Street Analysts Forecast Growth

HBCP has been the topic of several research analyst reports. Piper Sandler increased their price objective on Home Bancorp from $60.00 to $65.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 23rd. Hovde Group increased their price objective on Home Bancorp from $48.50 to $51.50 and gave the stock a "market perform" rating in a research note on Thursday, April 24th. Finally, Wall Street Zen raised Home Bancorp from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th.

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.