NewEdge Advisors LLC lessened its holdings in Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,372 shares of the bank's stock after selling 9,891 shares during the period. NewEdge Advisors LLC owned about 1.38% of Home Bancorp worth $5,147,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC grew its stake in Home Bancorp by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 162,727 shares of the bank's stock valued at $7,256,000 after purchasing an additional 1,874 shares during the period. State Street Corp raised its position in Home Bancorp by 1.5% in 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 period. American Century Companies Inc. grew its position in shares of Home Bancorp by 49.8% during the 4th 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. Pacific Ridge Capital Partners LLC increased its stake in shares of Home Bancorp by 72.6% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 72,962 shares of the bank's stock worth $3,372,000 after purchasing an additional 30,681 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings 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 worth $1,453,000 after purchasing an additional 1,485 shares during the period. Institutional investors own 49.41% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently commented on HBCP shares. Piper Sandler upped their price target on Home Bancorp from $60.00 to $65.00 and gave the company an "overweight" rating in a research report on Wednesday. Hovde Group lifted their target price on shares of Home Bancorp from $48.50 to $51.50 and gave the stock a "market perform" rating in a research note on Thursday. Finally, StockNews.com cut shares of Home Bancorp from a "buy" rating to a "hold" rating in a report on Friday, March 21st.
Get Our Latest Stock Report on HBCP
Home Bancorp Price Performance
Shares of Home Bancorp stock traded down $1.53 during trading on Friday, hitting $48.86. The stock had a trading volume of 7,308 shares, compared to its average volume of 19,871. The firm has a market cap of $391.94 million, a price-to-earnings ratio of 10.65 and a beta of 0.55. Home Bancorp, Inc. has a 12 month low of $34.51 and a 12 month high of $52.77. The business's 50-day moving average is $45.17 and its 200 day moving average is $46.89. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24.
Home Bancorp (NASDAQ:HBCP - Get Free Report) last released its quarterly 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 during the quarter, compared to analysts' expectations of $30.90 million. During the same quarter in the previous year, the company earned $1.14 EPS. As a group, sell-side analysts anticipate that Home Bancorp, Inc. will post 4.78 earnings per share for the current year.
Home Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Monday, May 5th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Monday, May 5th. Home Bancorp's payout ratio is presently 23.74%.
About Home Bancorp
(
Free Report)
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.
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