Short Interest in Home Bancorp, Inc. (NASDAQ:HBCP) Expands By 41.2%

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 52,100 shares, a growth of 41.2% from the May 15th total of 36,900 shares. Based on an average daily volume of 31,400 shares, the short-interest ratio is presently 1.7 days. Currently, 0.8% of the shares of the stock are sold short.

Insider Activity

In other news, Director Daniel G. Guidry sold 2,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $50.94, for a total value of $101,880.00. Following the transaction, the director now directly owns 64,819 shares of the company's stock, valued at $3,301,879.86. The trade was a 2.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David T. Kirkley sold 2,284 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $48.53, for a total value of $110,842.52. Following the sale, the chief financial officer now owns 3,633 shares in the company, valued at approximately $176,309.49. This trade represents a 38.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,784 shares of company stock worth $238,923. Corporate insiders own 7.90% of the company's stock.

Institutional Trading of Home Bancorp

Institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new position in shares of Home Bancorp in the 4th quarter valued at $774,000. Ameriprise Financial Inc. increased its holdings in Home Bancorp by 40.3% in the fourth quarter. Ameriprise Financial Inc. now owns 18,455 shares of the bank's stock valued at $853,000 after purchasing an additional 5,302 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Home Bancorp by 235.9% in the fourth quarter. BNP Paribas Financial Markets now owns 7,985 shares of the bank's stock valued at $369,000 after buying an additional 5,608 shares during the period. Millennium Management LLC bought a new position in Home Bancorp during the fourth quarter worth about $919,000. Finally, Deutsche Bank AG boosted its stake in Home Bancorp by 58.3% during the 4th quarter. Deutsche Bank AG now owns 8,012 shares of the bank's stock worth $370,000 after acquiring an additional 2,950 shares during the last quarter. Institutional investors and hedge funds own 49.41% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HBCP shares. Piper Sandler increased their target price on Home Bancorp from $60.00 to $65.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. Wall Street Zen raised shares of Home Bancorp from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Hovde Group boosted 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, April 24th.

Home Bancorp Trading Up 0.0%

Shares of HBCP stock traded up $0.01 on Monday, reaching $48.99. 33,303 shares of the stock were exchanged, compared to its average volume of 23,362. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96. Home Bancorp has a one year low of $36.66 and a one year high of $52.77. The stock has a market cap of $382.17 million, a PE ratio of 10.77 and a beta of 0.57. The stock has a 50 day moving average price of $48.64 and a 200 day moving average price of $47.59.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.23. The firm had revenue of $35.76 million during the quarter, compared to analysts' expectations of $30.90 million. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same period in the previous year, the business posted $1.14 EPS. Equities research analysts forecast that Home Bancorp will post 4.78 EPS for the current fiscal year.

Home Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 5th were paid a $0.27 dividend. The ex-dividend date was Monday, May 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.20%. Home Bancorp's payout ratio is presently 22.59%.

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.

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