Hotchkis & Wiley Capital Management LLC Raises Stock Holdings in Home Bancorp, Inc. $HBCP

Key Points

• Hotchkis & Wiley Capital Management LLC raised its stake in Home Bancorp, Inc. by 21.3%, now owning approximately 0.80% of the company, valued at $2.79 million.
• Home Bancorp recently reported Q2 earnings of $1.45 per share, exceeding analysts' expectations and contributing to a 20.09% net margin.
• The company increased its quarterly dividend from $0.27 to $0.29, representing an annualized yield of 2.1%.

Hotchkis & Wiley Capital Management LLC increased its stake in shares of Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 21.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,317 shares of the bank's stock after purchasing an additional 10,930 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.80% of Home Bancorp worth $2,792,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HBCP. CWM LLC boosted its stake in shares of Home Bancorp by 92.2% during the 1st quarter. CWM LLC now owns 1,307 shares of the bank's stock worth $59,000 after purchasing an additional 627 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Home Bancorp by 247.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,322 shares of the bank's stock valued at $61,000 after buying an additional 942 shares during the period. Lazard Asset Management LLC acquired a new stake in Home Bancorp during the fourth quarter worth approximately $180,000. PDT Partners LLC acquired a new stake in Home Bancorp during the fourth quarter worth approximately $203,000. Finally, First Trust Advisors LP purchased a new stake in Home Bancorp in the 4th quarter worth approximately $228,000. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

Home Bancorp Stock Up 1.1%

Shares of NASDAQ HBCP opened at $56.19 on Wednesday. The stock has a market capitalization of $439.69 million, a PE ratio of 10.79 and a beta of 0.62. 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 firm has a fifty day moving average of $53.59 and a 200-day moving average of $49.63. Home Bancorp, Inc. has a 52-week low of $39.59 and a 52-week high of $61.07.

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 the consensus estimate of $1.24 by $0.21. Home Bancorp had a return on equity of 10.34% and a net margin of 20.09%.The business had revenue of $37.07 million for the quarter, compared to analyst estimates of $32.07 million. On average, analysts anticipate that Home Bancorp, Inc. will post 4.78 EPS for the current year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were issued a $0.29 dividend. This is a positive change from Home Bancorp's previous quarterly dividend of $0.27. The ex-dividend date 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 (DPR) is 22.26%.

Analyst Ratings Changes

A number of research analysts have weighed in on HBCP shares. Wall Street Zen raised Home Bancorp from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Zacks Research lowered Home Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Finally, Raymond James Financial increased their target price on Home Bancorp from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Home Bancorp has an average rating of "Moderate Buy" and an average target price of $59.50.

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.

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