Janney Montgomery Scott LLC Buys New Position in Home Bancorp, Inc. (NASDAQ:HBCP)

Janney Montgomery Scott LLC purchased a new stake in Home Bancorp, Inc. (NASDAQ:HBCP) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 9,726 shares of the bank’s stock, valued at approximately $449,000. Janney Montgomery Scott LLC owned about 0.12% of Home Bancorp at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in shares of Home Bancorp by 73.8% in the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock worth $106,000 after purchasing an additional 1,009 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Home Bancorp in the third quarter valued at approximately $110,000. Barclays PLC increased its position in Home Bancorp by 287.9% during the third quarter. Barclays PLC now owns 9,142 shares of the bank’s stock worth $407,000 after acquiring an additional 6,785 shares during the period. Martingale Asset Management L P increased its position in Home Bancorp by 2.9% during the third quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock worth $632,000 after acquiring an additional 400 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Home Bancorp by 136.2% during the third quarter. JPMorgan Chase & Co. now owns 14,668 shares of the bank’s stock worth $654,000 after acquiring an additional 8,459 shares during the period. 49.41% of the stock is owned by hedge funds and other institutional investors.

Home Bancorp Trading Down 1.3 %

NASDAQ:HBCP opened at $51.83 on Monday. Home Bancorp, Inc. has a twelve month low of $33.30 and a twelve month high of $52.77. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $47.69 and a two-hundred day moving average price of $45.60. The company has a market cap of $418.58 million, a P/E ratio of 11.39 and a beta of 0.71.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings data on Monday, January 27th. The bank reported $1.21 EPS for the quarter, beating the consensus estimate of $1.14 by $0.07. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same period in the prior year, the firm posted $1.17 earnings per share. As a group, analysts expect that Home Bancorp, Inc. will post 4.78 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Monday, February 10th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Monday, February 10th. This is a boost from Home Bancorp’s previous quarterly dividend of $0.26. Home Bancorp’s dividend payout ratio is 23.74%.

Analyst Upgrades and Downgrades

HBCP has been the topic of a number of recent research reports. Raymond James upgraded shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Monday, October 21st. Hovde Group cut Home Bancorp from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $53.00 to $54.50 in a report on Tuesday, November 12th. Finally, StockNews.com cut Home Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd.

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.