Jane Street Group LLC Decreases Stock Holdings in Home Bancorp, Inc. (NASDAQ:HBCP)

Jane Street Group LLC decreased its holdings in Home Bancorp, Inc. (NASDAQ:HBCP) by 23.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 5,529 shares of the bank’s stock after selling 1,717 shares during the period. Jane Street Group LLC’s holdings in Home Bancorp were worth $246,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several research firms have recently commented on HBCP. 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 research report on Monday, October 21st. StockNews.com raised shares of Home Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. Finally, Hovde Group lowered shares of Home Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the company from $53.00 to $54.50 in a research report on Tuesday, November 12th.

Home Bancorp Trading Down 4.5 %

Shares of NASDAQ:HBCP opened at $42.32 on Friday. The stock has a 50 day moving average of $48.19 and a 200 day moving average of $44.51. The company has a market cap of $341.78 million, a PE ratio of 9.38 and a beta of 0.71. 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 12-month low of $33.30 and a 12-month high of $52.39.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.21. The company had revenue of $34.07 million during the quarter, compared to the consensus estimate of $33.10 million. Home Bancorp had a return on equity of 9.58% and a net margin of 18.55%. As a group, equities research analysts expect 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 paid a dividend of $0.26 per share. The ex-dividend date 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 dividend yield of 2.46%. Home Bancorp’s payout ratio is 23.06%.

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.