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

Ameriprise Financial Inc. increased its stake in Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 40.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,455 shares of the bank's stock after purchasing an additional 5,302 shares during the period. Ameriprise Financial Inc. owned 0.23% of Home Bancorp worth $853,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of HBCP. SG Americas Securities LLC lifted its stake in Home Bancorp by 27.2% during the 4th quarter. SG Americas Securities LLC now owns 3,125 shares of the bank's stock valued at $144,000 after acquiring an additional 668 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Home Bancorp during the 4th quarter valued at approximately $449,000. Empowered Funds LLC lifted its stake in Home Bancorp by 5.0% during the 4th quarter. Empowered Funds LLC now owns 31,448 shares of the bank's stock valued at $1,453,000 after acquiring an additional 1,485 shares during the period. Bailard Inc. lifted its stake in Home Bancorp by 11.6% during the 4th quarter. Bailard Inc. now owns 11,546 shares of the bank's stock valued at $534,000 after acquiring an additional 1,200 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Home Bancorp during the 4th quarter valued at approximately $483,000. 49.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Home Bancorp from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Hovde Group lifted 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. Finally, Piper Sandler lifted 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.

Home Bancorp Stock Performance

Shares of NASDAQ:HBCP traded up $1.20 during trading on Friday, hitting $50.78. 20,066 shares of the stock traded hands, compared to its average volume of 22,515. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24. The company has a market cap of $396.13 million, a price-to-earnings ratio of 11.16 and a beta of 0.57. The company has a fifty day moving average price of $47.74 and a two-hundred day moving average price of $47.60. Home Bancorp, Inc. has a 52-week low of $35.95 and a 52-week 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, beating the consensus estimate of $1.14 by $0.23. The firm had revenue of $35.76 million during the quarter, compared to analyst estimates of $30.90 million. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. During the same period in the previous year, the firm earned $1.14 EPS. As a group, equities analysts predict that Home Bancorp, Inc. will post 4.78 EPS for the current year.

Home Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, May 5th. Home Bancorp's dividend payout ratio (DPR) is 22.59%.

Insider Buying and Selling

In related news, Director Daniel G. Guidry sold 2,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $50.94, for a total value of $101,880.00. Following the completion of the sale, the director now owns 64,819 shares of the company's stock, valued at approximately $3,301,879.86. The trade was a 2.99% 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 business's 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 directly owns 3,633 shares of the company's stock, valued at approximately $176,309.49. The trade was a 38.60% 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 valued at $238,923. 7.90% of the stock is owned by corporate insiders.

Home Bancorp 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.