Nuveen LLC Purchases Shares of 18,187 Home Bancorp, Inc. $HBCP

Nuveen LLC purchased a new stake in Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,187 shares of the bank's stock, valued at approximately $815,000. Nuveen LLC owned approximately 0.23% of Home Bancorp at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in shares of Home Bancorp in the fourth quarter valued at approximately $774,000. Pacific Ridge Capital Partners LLC grew its position in Home Bancorp by 18.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 86,784 shares of the bank's stock worth $3,888,000 after acquiring an additional 13,822 shares during the period. Ameriprise Financial Inc. grew its position in Home Bancorp by 40.3% in the fourth quarter. Ameriprise Financial Inc. now owns 18,455 shares of the bank's stock worth $853,000 after acquiring an additional 5,302 shares during the period. Montz Harcus Wealth Management LLC grew its position in Home Bancorp by 288.5% in the first quarter. Montz Harcus Wealth Management LLC now owns 113,065 shares of the bank's stock worth $5,065,000 after acquiring an additional 83,965 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Home Bancorp by 235.9% in the fourth quarter. BNP Paribas Financial Markets now owns 7,985 shares of the bank's stock worth $369,000 after acquiring an additional 5,608 shares during the period. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

Home Bancorp Stock Down 0.8%

Shares of NASDAQ HBCP traded down $0.46 during mid-day trading on Friday, hitting $56.25. The company had a trading volume of 28,216 shares, compared to its average volume of 29,301. The company has a market capitalization of $439.88 million, a PE ratio of 10.80 and a beta of 0.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. Home Bancorp, Inc. has a 1-year low of $39.59 and a 1-year high of $61.07. The business's 50-day simple moving average is $54.54 and its 200 day simple moving average is $49.99.

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. The business had revenue of $37.07 million for the quarter, compared to analysts' expectations of $32.07 million. Home Bancorp had a return on equity of 10.34% and a net margin of 20.09%. On average, analysts predict that Home Bancorp, Inc. will post 4.78 earnings per share for the current year.

Home Bancorp Increases Dividend

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

Analyst Upgrades and Downgrades

HBCP has been the subject of several analyst reports. Zacks Research lowered Home Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Raymond James Financial upped their price target on Home Bancorp from $52.00 to $62.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen upgraded Home Bancorp from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.50.

About Home Bancorp

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.