Strs Ohio Invests $502,000 in Home Bancorp, Inc. $HBCP

Key Points

• Strs Ohio has acquired 11,200 shares of Home Bancorp, Inc. for approximately $502,000, increasing its stake to 0.14% of the company.
• Home Bancorp recently reported a quarterly earnings per share (EPS) of $1.45, surpassing analyst expectations of $1.24 and generating $37.07 million in revenue.
• The company has announced an increase in its quarterly dividend from $0.27 to $0.29, which translates to a 2.1% dividend yield.

Strs Ohio purchased a new stake in Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,200 shares of the bank's stock, valued at approximately $502,000. Strs Ohio owned approximately 0.14% of Home Bancorp as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HBCP. Montz Harcus Wealth Management LLC increased its stake in shares of Home Bancorp by 288.5% in the 1st quarter. Montz Harcus Wealth Management LLC now owns 113,065 shares of the bank's stock valued at $5,065,000 after purchasing an additional 83,965 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Home Bancorp by 5,285.9% in the 1st quarter. GAMMA Investing LLC now owns 48,742 shares of the bank's stock valued at $21,840,000 after purchasing an additional 47,837 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Home Bancorp by 36.0% in the 1st quarter. American Century Companies Inc. now owns 104,846 shares of the bank's stock valued at $4,697,000 after purchasing an additional 27,778 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Home Bancorp in the 4th quarter valued at about $919,000. Finally, Nuveen LLC acquired a new stake in Home Bancorp in the 1st quarter worth about $815,000. Hedge funds and other institutional investors own 49.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Raymond James Financial lifted 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. Zacks Research lowered Home Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $59.50.

Home Bancorp Trading Down 1.0%

HBCP traded down $0.54 during trading hours on Monday, reaching $55.53. The company's stock had a trading volume of 19,598 shares, compared to its average volume of 27,057. The stock has a market cap of $434.24 million, a PE ratio of 10.66 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 fifty-two week low of $39.59 and a fifty-two week high of $61.07. The business's 50-day moving average is $54.64 and its 200-day moving average is $50.71.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last announced its earnings results on Monday, July 21st. The bank reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.21. The company had revenue of $37.07 million for the quarter, compared to analyst estimates of $32.07 million. Home Bancorp had a return on equity of 10.34% and a net margin of 20.09%. As a group, equities research analysts predict that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 4th were given a $0.29 dividend. The ex-dividend date of this dividend was Monday, August 4th. This is a positive change from Home Bancorp's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 2.1%. Home Bancorp's dividend payout ratio is presently 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.