Citadel Advisors LLC Purchases New Stake in Home Bancorp, Inc. (NASDAQ:HBCP)

Citadel Advisors LLC bought a new position in Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,743 shares of the bank's stock, valued at approximately $774,000. Citadel Advisors LLC owned approximately 0.21% of Home Bancorp at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Home Bancorp by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 419,454 shares of the bank's stock worth $19,383,000 after buying an additional 10,734 shares during the period. American Century Companies Inc. grew its holdings in Home Bancorp by 49.8% during the fourth quarter. American Century Companies Inc. now owns 77,068 shares of the bank's stock worth $3,561,000 after purchasing an additional 25,617 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in Home Bancorp by 72.6% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 72,962 shares of the bank's stock worth $3,372,000 after acquiring an additional 30,681 shares during the last quarter. Empowered Funds LLC raised its position in shares of Home Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 31,448 shares of the bank's stock valued at $1,453,000 after buying an additional 1,485 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Home Bancorp by 110.9% in the fourth quarter. JPMorgan Chase & Co. now owns 30,942 shares of the bank's stock valued at $1,430,000 after buying an additional 16,274 shares in the last quarter. 49.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Home Bancorp

In other Home Bancorp news, Director Daniel G. Guidry sold 500 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $52.40, for a total transaction 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 trade represents a 0.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David T. Kirkley sold 2,284 shares of the stock in a transaction on Friday, April 25th. The shares were sold at an average price of $48.53, for a total value 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,784 shares of company stock valued at $238,923. Corporate insiders own 7.90% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of Home Bancorp from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Piper Sandler increased their price objective on shares of Home Bancorp from $60.00 to $65.00 and gave the company an "overweight" rating in a research note on Wednesday, April 23rd. Finally, Hovde Group increased their price objective on shares of Home Bancorp from $48.50 to $51.50 and gave the company a "market perform" rating in a research note on Thursday, April 24th.

Home Bancorp Trading Up 1.8%

Shares of NASDAQ HBCP traded up $0.91 during midday trading on Tuesday, hitting $50.57. 23,533 shares of the company traded hands, compared to its average volume of 22,122. The firm has a market cap of $394.50 million, a P/E ratio of 11.11 and a beta of 0.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. Home Bancorp, Inc. has a 12-month low of $35.16 and a 12-month high of $52.77. The stock has a 50-day moving average price of $47.49 and a 200 day moving average price of $47.56.

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

Home Bancorp Dividend Announcement

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

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.