Chicago Equity Partners LLC acquired a new stake in Home Bancorp (NASDAQ:HBCP) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,045 shares of the bank’s stock, valued at approximately $434,000. Chicago Equity Partners LLC owned about 0.11% of Home Bancorp as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in HBCP. Ramsey Quantitative Systems acquired a new position in Home Bancorp in the fourth quarter valued at approximately $131,000. MetLife Investment Advisors LLC acquired a new position in Home Bancorp in the fourth quarter valued at approximately $133,000. Bank of Montreal Can acquired a new position in Home Bancorp in the fourth quarter valued at approximately $148,000. Smith Asset Management Group LP acquired a new position in Home Bancorp in the fourth quarter valued at approximately $204,000. Finally, Wells Fargo & Company MN boosted its stake in Home Bancorp by 51.9% in the third quarter. Wells Fargo & Company MN now owns 6,741 shares of the bank’s stock valued at $282,000 after acquiring an additional 2,303 shares during the period. 37.06% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ HBCP opened at $44.50 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $419.44 million, a PE ratio of 16.06 and a beta of 0.11. Home Bancorp has a 12-month low of $34.12 and a 12-month high of $47.20.
Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings data on Tuesday, April 24th. The bank reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.17. The business had revenue of $25.99 million during the quarter, compared to the consensus estimate of $25.03 million. Home Bancorp had a return on equity of 10.11% and a net margin of 21.91%. analysts predict that Home Bancorp will post 3.5 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 18th. Stockholders of record on Monday, May 7th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, May 4th. This is an increase from Home Bancorp’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.53%. Home Bancorp’s payout ratio is currently 24.55%.
A number of equities analysts have commented on HBCP shares. ValuEngine upgraded Home Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub upgraded Home Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 28th. Zacks Investment Research downgraded Home Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, April 26th. Finally, Sandler O’Neill set a $48.00 target price on Home Bancorp and gave the company a “hold” rating in a research note on Tuesday, April 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Home Bancorp currently has an average rating of “Hold” and a consensus target price of $48.00.
In other news, EVP Darren E. Guidry sold 4,607 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $43.34, for a total transaction of $199,667.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 13.20% of the company’s stock.
About Home Bancorp
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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