Kennedy Capital Management Inc. lifted its stake in shares of Home Bancorp (NASDAQ:HBCP) by 17.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,206 shares of the bank’s stock after buying an additional 8,297 shares during the period. Kennedy Capital Management Inc. owned about 0.61% of Home Bancorp worth $2,472,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. State Street Corp boosted its position in Home Bancorp by 40.4% in the second 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 last quarter. Victory Capital Management Inc. purchased a new position in Home Bancorp in the fourth quarter worth $1,392,000. Bowling Portfolio Management LLC purchased a new position in Home Bancorp in the fourth quarter worth $1,369,000. Martingale Asset Management L P boosted its position in Home Bancorp by 71.5% in the fourth quarter. Martingale Asset Management L P now owns 61,427 shares of the bank’s stock worth $2,655,000 after purchasing an additional 25,613 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Home Bancorp by 68.0% in the fourth quarter. Acadian Asset Management LLC now owns 36,345 shares of the bank’s stock worth $1,570,000 after purchasing an additional 14,706 shares during the last quarter. 34.89% of the stock is currently owned by institutional investors.
Shares of NASDAQ HBCP traded down $0.78 during trading on Friday, reaching $42.77. 21,974 shares of the stock traded hands, compared to its average volume of 22,857. Home Bancorp has a 52-week low of $32.52 and a 52-week high of $47.20. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a market capitalization of $408.12, a PE ratio of 15.72 and a beta of 0.10.
Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings results on Tuesday, January 30th. The bank reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.21. Home Bancorp had a return on equity of 9.68% and a net margin of 21.08%. The firm had revenue of $22.71 million for the quarter, compared to analysts’ expectations of $19.33 million. equities analysts expect that Home Bancorp will post 3.11 EPS for the current fiscal year.
In related news, Director Chris P. Rader acquired 726 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average cost of $42.05 per share, for a total transaction of $30,528.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Darren E. Guidry sold 4,607 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $43.34, for a total value of $199,667.38. The disclosure for this sale can be found here. Insiders have bought a total of 3,505 shares of company stock worth $147,849 in the last ninety days. Insiders own 15.50% of the company’s stock.
Several research firms have weighed in on HBCP. BidaskClub raised Home Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, March 28th. ValuEngine raised Home Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 1st. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $47.00.
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Home Bancorp Profile
Home Bancorp, Inc operates as the holding company for Home Bank, National Association that provides various banking products and services in Louisiana. It offers deposits products, including interest-bearing and noninterest-bearing checking, money market, savings, and certificates of deposit accounts.
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