State Street Corp Buys 2,269 Shares of Home Bancorp, Inc. (NASDAQ:HBCP)

State Street Corp grew its position in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 1.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 156,752 shares of the bank’s stock after acquiring an additional 2,269 shares during the period. State Street Corp’s holdings in Home Bancorp were worth $6,988,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HBCP. BNP Paribas Financial Markets increased its position in shares of Home Bancorp by 73.8% during the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after acquiring an additional 1,009 shares in the last quarter. Montz Harcus Wealth Management LLC purchased a new position in Home Bancorp during the third quarter valued at approximately $1,598,000. NewEdge Advisors LLC boosted its holdings 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 period. Crawford Fund Management LLC grew its holdings in Home Bancorp by 48.3% during the 3rd quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank’s stock valued at $4,068,000 after buying an additional 29,722 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Home Bancorp by 8.0% in the second 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 in the last quarter. 49.41% of the stock is owned by hedge funds and other institutional investors.

Home Bancorp Trading Down 1.4 %

Shares of NASDAQ HBCP opened at $46.13 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50 day moving average price is $48.58 and its 200-day moving average price is $43.93. Home Bancorp, Inc. has a fifty-two week low of $33.30 and a fifty-two week high of $52.39. The company has a market cap of $372.55 million, a price-to-earnings ratio of 10.23 and a beta of 0.70.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results 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 firm had revenue of $34.07 million during the quarter, compared to analyst estimates of $33.10 million. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%. On average, sell-side analysts expect that Home Bancorp, Inc. will post 4.48 earnings per share for the current year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were issued a dividend of $0.26 per share. This is an increase from Home Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Monday, October 28th. Home Bancorp’s dividend payout ratio (DPR) is presently 23.06%.

Wall Street Analysts Forecast Growth

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

About Home Bancorp

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.