Home Bancorp, Inc. $HBCP Stock Position Lowered by FJ Capital Management LLC

Key Points

• FJ Capital Management LLC reduced its stake in Home Bancorp, Inc. by 36.9%, selling 253,618 shares and now holding a total of 433,971 shares.
• The company recently increased its quarterly dividend from $0.27 to $0.29 per share, yielding approximately 2.1% annually.
• Home Bancorp's stock received varying analyst ratings, with Wall Street Zen upgrading it to a "buy", while Zacks Research downgraded it to a "hold", reflecting mixed investor sentiments.

FJ Capital Management LLC decreased its position in Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 36.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 433,971 shares of the bank's stock after selling 253,618 shares during the period. Home Bancorp makes up approximately 2.0% of FJ Capital Management LLC's holdings, making the stock its 19th biggest position. FJ Capital Management LLC owned 5.56% of Home Bancorp worth $19,442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada grew its position in Home Bancorp by 11.8% in the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank's stock worth $258,000 after purchasing an additional 607 shares during the last quarter. Trexquant Investment LP grew its position in Home Bancorp by 57.7% in the 1st quarter. Trexquant Investment LP now owns 11,776 shares of the bank's stock worth $528,000 after purchasing an additional 4,307 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Home Bancorp by 21.3% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 62,317 shares of the bank's stock worth $2,792,000 after purchasing an additional 10,930 shares during the last quarter. Martingale Asset Management L P boosted its holdings in shares of Home Bancorp by 5.2% in the first quarter. Martingale Asset Management L P now owns 21,428 shares of the bank's stock valued at $960,000 after acquiring an additional 1,053 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Home Bancorp by 36.0% in the first quarter. American Century Companies Inc. now owns 104,846 shares of the bank's stock valued at $4,697,000 after acquiring an additional 27,778 shares in the last quarter. Institutional investors own 49.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Home Bancorp from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Raymond James Financial increased their price objective on shares of Home Bancorp from $52.00 to $62.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Finally, Zacks Research cut shares of Home Bancorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.50.

Home Bancorp Price Performance

NASDAQ:HBCP traded down $0.46 during trading hours on Friday, reaching $56.25. 28,216 shares of the company's stock were exchanged, compared to its average volume of 29,301. The company has a market capitalization of $439.88 million, a P/E ratio of 10.80 and a beta of 0.63. Home Bancorp, Inc. has a 12 month low of $39.59 and a 12 month high of $61.07. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The business's 50-day simple moving average is $54.54 and its two-hundred day simple moving average is $49.99.

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

Home Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were issued a dividend of $0.29 per share. The ex-dividend date was Monday, August 4th. This is a positive change from Home Bancorp's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 2.1%. Home Bancorp's payout ratio is 22.26%.

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.