Martingale Asset Management L P Buys 400 Shares of Home Bancorp, Inc. (NASDAQ:HBCP)

Martingale Asset Management L P boosted its position in Home Bancorp, Inc. (NASDAQ:HBCP) by 2.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,172 shares of the bank’s stock after buying an additional 400 shares during the period. Martingale Asset Management L P’s holdings in Home Bancorp were worth $632,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in shares of Home Bancorp by 120.9% during the second quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock valued at $5,615,000 after acquiring an additional 76,812 shares in the last quarter. Montz Harcus Wealth Management LLC bought a new stake in Home Bancorp during the 3rd quarter valued at $1,598,000. Crawford Fund Management LLC increased its stake 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 purchasing an additional 29,722 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Home Bancorp by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank’s stock worth $15,938,000 after buying an additional 8,219 shares during the last quarter. Finally, De Lisle Partners LLP lifted its stake in shares of Home Bancorp by 36.1% in the third quarter. De Lisle Partners LLP now owns 24,985 shares of the bank’s stock valued at $1,114,000 after buying an additional 6,626 shares in the last quarter. 49.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Home Bancorp Stock Up 0.7 %

HBCP opened at $51.09 on Tuesday. 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 debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96. The company’s 50-day moving average is $46.60 and its 200 day moving average is $42.47. The firm has a market capitalization of $412.81 million, a P/E ratio of 11.33 and a beta of 0.68.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Thursday, October 17th. The bank reported $1.18 EPS for the quarter, topping the consensus estimate of $0.97 by $0.21. The firm had revenue of $34.07 million for the quarter, compared to analysts’ expectations of $33.10 million. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%. Research analysts expect that Home Bancorp, Inc. will post 4.48 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Monday, October 28th. This is an increase from Home Bancorp’s previous quarterly dividend of $0.25. Home Bancorp’s dividend payout ratio is 23.06%.

Home Bancorp Profile

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.