Ameriprise Financial Inc. Boosts Stock Position in Home Bancorp, Inc. (NASDAQ:HBCP)

Ameriprise Financial Inc. raised its holdings in shares of Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 40.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,455 shares of the bank's stock after acquiring an additional 5,302 shares during the quarter. Ameriprise Financial Inc. owned about 0.23% of Home Bancorp worth $853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Picton Mahoney Asset Management increased its holdings in shares of Home Bancorp by 100.7% in the fourth quarter. Picton Mahoney Asset Management now owns 590 shares of the bank's stock worth $27,000 after purchasing an additional 296 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of 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 during the period. SG Americas Securities LLC increased its holdings in shares of 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 during the period. PDT Partners LLC bought a new position in shares of Home Bancorp in the fourth quarter worth $203,000. Finally, First Trust Advisors LP bought a new position in shares of Home Bancorp in the fourth quarter worth $228,000. Institutional investors own 49.41% of the company's stock.

Insider Activity at Home Bancorp

In other news, CFO David T. Kirkley sold 2,284 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $48.53, for a total transaction of $110,842.52. Following the transaction, the chief financial officer now directly owns 3,633 shares of the company's stock, valued at approximately $176,309.49. This trade represents a 38.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel G. Guidry sold 500 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $52.40, for a total value of $26,200.00. Following the transaction, the director now directly owns 64,319 shares in the company, valued at $3,370,315.60. This trade represents a 0.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,784 shares of company stock valued at $238,923 over the last 90 days. 7.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on HBCP. Wall Street Zen raised shares of Home Bancorp from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Piper Sandler upped their price target on shares of Home Bancorp from $60.00 to $65.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. Finally, Hovde Group increased their target price on 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 Price Performance

HBCP traded down $0.50 during trading on Wednesday, reaching $49.50. The stock had a trading volume of 31,439 shares, compared to its average volume of 22,259. The stock has a market cap of $386.15 million, a PE ratio of 10.88 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 one year low of $35.16 and a one year high of $52.77. The business has a 50-day moving average of $47.56 and a 200-day moving average of $47.58.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last released its 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. The business had revenue of $35.76 million for the quarter, compared to analysts' expectations 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 firm earned $1.14 earnings per share. As a group, equities research analysts anticipate that Home Bancorp, Inc. will post 4.78 EPS for the current fiscal year.

Home Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were paid a $0.27 dividend. 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 2.18%. Home Bancorp's dividend payout ratio is presently 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.