Millennium Management LLC Invests $919,000 in Home Bancorp, Inc. (NASDAQ:HBCP)

Millennium Management LLC bought a new position in shares of Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,891 shares of the bank's stock, valued at approximately $919,000. Millennium Management LLC owned approximately 0.25% of Home Bancorp 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 made changes to their positions in the company. Picton Mahoney Asset Management grew its holdings in shares of Home Bancorp by 100.7% during the fourth quarter. Picton Mahoney Asset Management now owns 590 shares of the bank's stock worth $27,000 after buying an additional 296 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings 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 worth $61,000 after buying an additional 942 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Home Bancorp by 27.2% during the fourth quarter. SG Americas Securities LLC now owns 3,125 shares of the bank's stock worth $144,000 after buying an additional 668 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Home Bancorp during the fourth quarter worth about $180,000. Finally, PDT Partners LLC purchased a new position in shares of Home Bancorp during the fourth quarter worth about $203,000. Institutional investors and hedge funds own 49.41% of the company's stock.

Home Bancorp Price Performance

Shares of HBCP opened at $49.58 on Friday. Home Bancorp, Inc. has a twelve month low of $35.95 and a twelve month high of $52.77. The stock's 50 day moving average is $47.74 and its two-hundred day moving average is $47.60. The firm has a market capitalization of $386.77 million, a PE ratio of 10.90 and a beta of 0.56. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The bank reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.23. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. The company had revenue of $35.76 million for the quarter, compared to analyst estimates of $30.90 million. During the same quarter in the previous year, the company earned $1.14 EPS. Research analysts anticipate that Home Bancorp, Inc. will post 4.78 earnings per share for the current year.

Home Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Monday, May 5th. Home Bancorp's dividend payout ratio (DPR) is 22.59%.

Insider Transactions at Home Bancorp

In other news, Director Daniel G. Guidry sold 2,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $50.94, for a total transaction of $101,880.00. Following the sale, the director now owns 64,819 shares of the company's stock, valued at $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 is available through this hyperlink. Also, CFO David T. Kirkley sold 2,284 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $48.53, for a total value of $110,842.52. Following the sale, the chief financial officer now directly owns 3,633 shares in the company, valued at $176,309.49. This trade represents a 38.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,784 shares of company stock valued at $238,923 in the last quarter. 7.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HBCP has been the topic of a number of research reports. Hovde Group raised their price target on Home Bancorp from $48.50 to $51.50 and gave the stock a "market perform" rating in a report on Thursday, April 24th. Piper Sandler raised their price target on Home Bancorp from $60.00 to $65.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. Finally, Wall Street Zen raised Home Bancorp from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th.

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.

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