Cullen Investment Group LTD. Takes Position in Home Bancorp, Inc. (NASDAQ:HBCP)

Cullen Investment Group LTD. purchased a new position in shares of Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 28,697 shares of the bank's stock, valued at approximately $1,206,000. Cullen Investment Group LTD. owned 0.35% of Home Bancorp as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Home Bancorp during the third quarter worth approximately $25,000. Tower Research Capital LLC TRC grew its stake in shares of Home Bancorp by 154.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,100 shares of the bank's stock valued at $35,000 after purchasing an additional 668 shares during the last quarter. UBS Group AG grew its stake in shares of Home Bancorp by 224.1% in the 3rd quarter. UBS Group AG now owns 1,144 shares of the bank's stock valued at $45,000 after purchasing an additional 791 shares during the last quarter. Barclays PLC grew its stake in shares of Home Bancorp by 468.7% in the 4th quarter. Barclays PLC now owns 1,962 shares of the bank's stock valued at $79,000 after purchasing an additional 1,617 shares during the last quarter. Finally, Citigroup Inc. grew its stake in shares of Home Bancorp by 108,050.0% in the 2nd quarter. Citigroup Inc. now owns 2,163 shares of the bank's stock valued at $72,000 after purchasing an additional 2,161 shares during the last quarter. Institutional investors and hedge funds own 49.41% of the company's stock.

Home Bancorp Price Performance

Shares of Home Bancorp stock traded down $0.41 during trading on Tuesday, reaching $34.16. The company's stock had a trading volume of 8,108 shares, compared to its average volume of 11,467. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.26. Home Bancorp, Inc. has a 12-month low of $27.75 and a 12-month high of $44.00. The company has a market capitalization of $278.40 million, a P/E ratio of 6.85 and a beta of 0.68. The business has a 50 day moving average price of $36.25 and a 200-day moving average price of $37.25.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.14. The firm had revenue of $32.76 million for the quarter, compared to the consensus estimate of $33.10 million. Home Bancorp had a return on equity of 11.46% and a net margin of 22.57%. As a group, sell-side analysts anticipate that Home Bancorp, Inc. will post 3.95 EPS for the current year.

Home Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Monday, February 5th were paid a $0.25 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.00 annualized dividend and a yield of 2.93%. Home Bancorp's payout ratio is currently 20.04%.

Analysts Set New Price Targets

Separately, Piper Sandler downgraded Home Bancorp from an "overweight" rating to a "neutral" rating and lifted their target price for the company from $40.00 to $43.00 in a research note on Wednesday, January 24th.

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.