Home Bancorp, Inc. (NASDAQ:HBCP) Stock Holdings Lifted by Empowered Funds LLC

Empowered Funds LLC increased its holdings in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,963 shares of the bank’s stock after acquiring an additional 1,474 shares during the quarter. Empowered Funds LLC owned approximately 0.37% of Home Bancorp worth $1,336,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HBCP. Montz Harcus Wealth Management LLC bought a new stake in Home Bancorp in the third quarter valued at $1,598,000. SG Americas Securities LLC bought a new stake in Home Bancorp in the 3rd quarter valued at about $110,000. NewEdge Advisors LLC boosted its stake in Home Bancorp by 120.9% during the 2nd quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock valued at $5,615,000 after purchasing an additional 76,812 shares during the period. Dimensional Fund Advisors LP boosted its stake in Home Bancorp by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank’s stock valued at $15,938,000 after purchasing an additional 8,219 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Home Bancorp by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock worth $1,438,000 after purchasing an additional 2,672 shares during the last quarter. Institutional investors own 49.41% of the company’s stock.

Home Bancorp Price Performance

NASDAQ HBCP opened at $48.91 on Friday. 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, Inc. has a 1 year low of $33.30 and a 1 year high of $52.39. The company has a market cap of $395.19 million, a PE ratio of 10.84 and a beta of 0.68. The stock’s 50-day moving average price is $45.61 and its two-hundred day moving average price is $41.76.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.21. The firm had revenue of $34.07 million for the quarter, compared to analysts’ expectations of $33.10 million. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%. On average, analysts predict that Home Bancorp, Inc. will post 4.48 EPS for the current year.

Home Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, October 28th. This is an increase from Home Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 2.13%. Home Bancorp’s payout ratio is presently 23.06%.

Analysts Set New Price Targets

Several brokerages have weighed in on HBCP. StockNews.com downgraded Home Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Hovde Group lowered Home Bancorp from an “outperform” rating to a “market perform” rating and increased their price target for the company from $53.00 to $54.50 in a research note on Tuesday, November 12th. Finally, Raymond James raised shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Monday, October 21st.

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.