Home Bancorp, Inc. $HBCP Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. reduced its stake in Home Bancorp by 16.4%, selling 6,262 shares and now owning 31,813 shares valued at approximately $1.425 million as of the latest SEC filing.
• Home Bancorp reported a quarterly earnings per share of $1.45, exceeding analyst expectations, while also announcing an increase in its quarterly dividend from $0.27 to $0.29 per share, contributing to a yield of 2.1%.
• Analyst ratings for Home Bancorp are mixed, with two analysts giving a "Buy" rating and two others a "Hold," while the average price target has increased to $59.50 following a report by Raymond James Financial.

Goldman Sachs Group Inc. lessened its stake in shares of Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 16.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,813 shares of the bank's stock after selling 6,262 shares during the quarter. Goldman Sachs Group Inc. owned about 0.41% of Home Bancorp worth $1,425,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HBCP. Montz Harcus Wealth Management LLC lifted its position in shares of Home Bancorp by 288.5% during the 1st quarter. Montz Harcus Wealth Management LLC now owns 113,065 shares of the bank's stock worth $5,065,000 after buying an additional 83,965 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Home Bancorp by 5,285.9% in the 1st quarter. GAMMA Investing LLC now owns 48,742 shares of the bank's stock valued at $21,840,000 after acquiring an additional 47,837 shares during the period. American Century Companies Inc. increased its holdings in shares of Home Bancorp by 36.0% in the 1st 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 during the period. Millennium Management LLC acquired a new position in shares of Home Bancorp in the 4th quarter valued at $919,000. Finally, Nuveen LLC acquired a new position in shares of Home Bancorp in the 1st quarter valued at $815,000. Hedge funds and other institutional investors own 49.41% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on HBCP shares. Zacks Research cut shares of Home Bancorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Raymond James Financial lifted their target price 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. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.50.

Home Bancorp Stock Performance

HBCP traded up $0.02 during trading on Tuesday, hitting $55.55. The stock had a trading volume of 7,705 shares, compared to its average volume of 35,102. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $434.40 million, a P/E ratio of 10.67 and a beta of 0.63. The company's 50-day moving average price is $54.64 and its 200 day moving average price is $50.71. Home Bancorp, Inc. has a twelve month low of $39.59 and a twelve month high of $61.07.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The bank reported $1.45 earnings per share (EPS) for the quarter, beating 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 company had revenue of $37.07 million for the quarter, compared to analysts' expectations of $32.07 million. On average, equities research analysts forecast that Home Bancorp, Inc. will post 4.78 EPS for the current fiscal year.

Home Bancorp Increases Dividend

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

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.