JPMorgan Chase & Co. Raises Stock Position in Home Bancorp, Inc. (NASDAQ:HBCP)

JPMorgan Chase & Co. lifted its holdings in Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 110.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,942 shares of the bank's stock after purchasing an additional 16,274 shares during the quarter. JPMorgan Chase & Co. owned 0.38% of Home Bancorp worth $1,430,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Home Bancorp by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 162,727 shares of the bank's stock worth $7,256,000 after buying an additional 1,874 shares during the last quarter. State Street Corp increased its stake in Home Bancorp by 1.5% during the third quarter. State Street Corp now owns 156,752 shares of the bank's stock worth $6,988,000 after acquiring an additional 2,269 shares during the last quarter. American Century Companies Inc. raised its position in 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 purchasing an additional 25,617 shares during the period. Empowered Funds LLC lifted its stake in shares of Home Bancorp by 5.0% in the 4th quarter. Empowered Funds LLC now owns 31,448 shares of the bank's stock valued at $1,453,000 after purchasing an additional 1,485 shares during the last quarter. Finally, Cullen Investment Group LTD. boosted its holdings in shares of Home Bancorp by 13.0% in the 4th quarter. Cullen Investment Group LTD. now owns 26,766 shares of the bank's stock worth $1,237,000 after purchasing an additional 3,086 shares during the period. Institutional investors own 49.41% of the company's stock.

Insider Transactions at Home Bancorp

In related news, CFO David T. Kirkley sold 2,284 shares of the company's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $48.53, for a total value of $110,842.52. Following the completion of the sale, the chief financial officer now directly owns 3,633 shares of the company's stock, valued at $176,309.49. This represents a 38.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.90% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com downgraded Home Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Hovde Group raised their target price on shares of Home Bancorp from $48.50 to $51.50 and gave the stock a "market perform" rating in a report on Thursday, April 24th. Finally, Piper Sandler upped their price target on shares of Home Bancorp from $60.00 to $65.00 and gave the company an "overweight" rating in a report on Wednesday, April 23rd.

Home Bancorp Trading Down 0.6 %

Shares of HBCP traded down $0.29 during trading hours on Thursday, reaching $50.05. 533 shares of the company traded hands, compared to its average volume of 20,066. The stock's fifty day moving average price is $45.26 and its 200 day moving average price is $47.08. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The firm has a market cap of $401.45 million, a price-to-earnings ratio of 11.00 and a beta of 0.55. Home Bancorp, Inc. has a 12-month low of $35.16 and a 12-month high of $52.77.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.23. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. The business had revenue of $35.76 million for the quarter, compared to the consensus estimate of $30.90 million. During the same period in the prior year, the firm earned $1.14 EPS. Sell-side analysts forecast that Home Bancorp, Inc. will post 4.78 earnings per share for the current year.

Home Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Monday, May 5th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Monday, May 5th. Home Bancorp's dividend payout ratio is 22.59%.

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.