Pacific Ridge Capital Partners LLC Has $3.89 Million Holdings in Home Bancorp, Inc. (NASDAQ:HBCP)

Key Points

• Pacific Ridge Capital Partners LLC has increased its stake in Home Bancorp, Inc. by 18.9%, owning approximately 1.08% of the company, valued at $3.89 million.
• Home Bancorp has been positively rated by analysts, with upgrades from "hold" to "buy" and price targets increasing, reflecting confidence in the company's future performance.
• The company declared a quarterly dividend of $0.29, yielding 2.3%, which is an increase from the previous dividend of $0.27, indicating a commitment to returning value to shareholders.

Pacific Ridge Capital Partners LLC grew its holdings in shares of Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 18.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,784 shares of the bank's stock after buying an additional 13,822 shares during the period. Pacific Ridge Capital Partners LLC owned 1.08% of Home Bancorp worth $3,888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HBCP. Dimensional Fund Advisors LP increased its stake in shares of Home Bancorp by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 419,454 shares of the bank's stock valued at $19,383,000 after acquiring an additional 10,734 shares during the period. Montz Harcus Wealth Management LLC increased its stake in shares of Home Bancorp by 288.5% during the first quarter. Montz Harcus Wealth Management LLC now owns 113,065 shares of the bank's stock valued at $5,065,000 after acquiring an additional 83,965 shares during the period. American Century Companies Inc. increased its stake in shares of Home Bancorp by 49.8% during the fourth quarter. American Century Companies Inc. now owns 77,068 shares of the bank's stock valued at $3,561,000 after acquiring an additional 25,617 shares during the period. Bridgeway Capital Management LLC increased its stake in shares of Home Bancorp by 2.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 61,942 shares of the bank's stock valued at $2,862,000 after acquiring an additional 1,485 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Home Bancorp by 5,285.9% during the first quarter. GAMMA Investing LLC now owns 48,742 shares of the bank's stock valued at $21,840,000 after acquiring an additional 47,837 shares during the period. Institutional investors own 49.41% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HBCP shares. Raymond James Financial lifted their price target on shares of Home Bancorp from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Hovde Group lifted their price target on shares of Home Bancorp from $48.50 to $51.50 and gave the stock a "market perform" rating in a research report on Thursday, April 24th. Piper Sandler lifted their price target on shares of Home Bancorp from $60.00 to $65.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of Home Bancorp from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th.

Insider Activity

In other Home Bancorp news, Director Daniel G. Guidry sold 500 shares of Home Bancorp stock in a transaction on Monday, May 12th. The shares were sold at an average price of $52.40, for a total transaction of $26,200.00. Following the completion of the sale, the director owned 64,319 shares of the company's stock, valued at $3,370,315.60. This trade represents a 0.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 7.90% of the stock is owned by company insiders.

Home Bancorp Trading Down 0.2%

Home Bancorp stock traded down $0.09 during midday trading on Wednesday, reaching $50.87. The stock had a trading volume of 5,572 shares, compared to its average volume of 36,119. The firm's fifty day simple moving average is $52.71 and its two-hundred day simple moving average is $49.26. Home Bancorp, Inc. has a twelve month low of $38.45 and a twelve month high of $61.07. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market cap of $397.80 million, a price-to-earnings ratio of 9.77 and a beta of 0.62.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The bank reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.21. Home Bancorp had a net margin of 20.09% and a return on equity of 10.34%. The firm had revenue of $37.07 million during the quarter, compared to analyst estimates of $32.07 million. Equities analysts anticipate that Home Bancorp, Inc. will post 4.78 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Monday, August 4th will be paid a dividend of $0.29 per share. This is an increase from Home Bancorp's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, August 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.3%. Home Bancorp's dividend payout ratio (DPR) is 22.26%.

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.