Vanguard Group Inc. Decreases Holdings in Home Bancorp, Inc. (NASDAQ:HBCP)

Vanguard Group Inc. reduced its stake in Home Bancorp, Inc. (NASDAQ:HBCP) by 3.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 378,777 shares of the bank’s stock after selling 14,111 shares during the period. Vanguard Group Inc.’s holdings in Home Bancorp were worth $17,503,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in HBCP. Picton Mahoney Asset Management raised its position in Home Bancorp by 100.7% in the fourth quarter. Picton Mahoney Asset Management now owns 590 shares of the bank’s stock worth $27,000 after acquiring an additional 296 shares during the period. SG Americas Securities LLC increased its stake in shares of Home Bancorp by 27.2% during the 4th quarter. SG Americas Securities LLC now owns 3,125 shares of the bank’s stock worth $144,000 after purchasing an additional 668 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Home Bancorp by 73.8% in the 3rd 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 during the period. Bailard Inc. lifted its stake in Home Bancorp by 11.6% in the fourth quarter. Bailard Inc. now owns 11,546 shares of the bank’s stock valued at $534,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Home Bancorp by 5.0% during the fourth quarter. Empowered Funds LLC now owns 31,448 shares of the bank’s stock valued at $1,453,000 after purchasing an additional 1,485 shares during the period. Institutional investors own 49.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HBCP. StockNews.com lowered Home Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Piper Sandler began coverage on Home Bancorp in a report on Friday, February 21st. They issued an “overweight” rating and a $60.00 price objective for the company.

Home Bancorp Stock Down 0.7 %

HBCP opened at $43.13 on Thursday. Home Bancorp, Inc. has a 12 month low of $33.30 and a 12 month high of $52.77. The company has a market cap of $345.95 million, a PE ratio of 9.48 and a beta of 0.55. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $45.62 and a 200 day moving average of $46.71.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings results on Monday, January 27th. The bank reported $1.21 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $1.17 earnings per share. On average, sell-side analysts expect that Home Bancorp, Inc. will post 4.78 EPS for the current year.

Home Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a $0.27 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.08 annualized dividend and a yield of 2.50%. This is an increase from Home Bancorp’s previous quarterly dividend of $0.26. Home Bancorp’s dividend payout ratio (DPR) is currently 23.74%.

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.