Bank of New York Mellon Corp raised its stake in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 13.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,667 shares of the bank’s stock after buying an additional 4,276 shares during the period. Bank of New York Mellon Corp owned about 0.48% of Home Bancorp worth $1,492,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Home Bancorp by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 158,459 shares of the bank’s stock valued at $6,737,000 after purchasing an additional 4,623 shares in the last quarter. State Street Corp increased its holdings in shares of Home Bancorp by 40.4% during the 2nd quarter. State Street Corp now owns 119,022 shares of the bank’s stock worth $5,063,000 after purchasing an additional 34,273 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Home Bancorp by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 96,906 shares of the bank’s stock worth $4,120,000 after purchasing an additional 324 shares during the period. Northern Trust Corp boosted its position in shares of Home Bancorp by 8.0% during the 2nd quarter. Northern Trust Corp now owns 69,216 shares of the bank’s stock valued at $2,943,000 after acquiring an additional 5,141 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Home Bancorp by 0.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 49,973 shares of the bank’s stock valued at $2,125,000 after acquiring an additional 158 shares in the last quarter. 42.13% of the stock is owned by institutional investors.
In other news, insider John W. Bordelon sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $42.75, for a total value of $299,250.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO John W. Bordelon sold 15,578 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $43.59, for a total transaction of $679,045.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,000 shares of company stock worth $1,301,152. Insiders own 15.50% of the company’s stock.
Home Bancorp, Inc. (NASDAQ:HBCP) opened at $43.76 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.98. Home Bancorp, Inc. has a 1 year low of $32.52 and a 1 year high of $47.20. The firm has a market cap of $320.54, a PE ratio of 17.72 and a beta of 0.12.
Home Bancorp (NASDAQ:HBCP) last released its earnings results on Tuesday, October 24th. The bank reported $0.59 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.04). Home Bancorp had a net margin of 22.54% and a return on equity of 9.72%. The firm had revenue of $18.25 million during the quarter, compared to the consensus estimate of $18.54 million. sell-side analysts predict that Home Bancorp, Inc. will post 2.54 EPS for the current fiscal year.
HBCP has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Home Bancorp from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday. BidaskClub downgraded shares of Home Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, Sandler O’Neill reaffirmed a “hold” rating and issued a $46.00 target price on shares of Home Bancorp in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $47.00.
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Home Bancorp Company Profile
Home Bancorp, Inc is a bank holding company for Home Bank, N.A. (the Bank). The Bank conducts business through banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi.
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