Home Bancorp, Inc. (HBCP) Stake Raised by Strs Ohio
Strs Ohio boosted its position in Home Bancorp, Inc. (NASDAQ:HBCP) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,400 shares of the bank’s stock after buying an additional 600 shares during the period. Strs Ohio owned about 0.14% of Home Bancorp worth $442,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in HBCP. American International Group Inc. raised its position in shares of Home Bancorp by 6.7% in the first quarter. American International Group Inc. now owns 3,527 shares of the bank’s stock worth $119,000 after buying an additional 220 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in shares of Home Bancorp during the fourth quarter worth $171,000. Russell Investments Group Ltd. raised its position in shares of Home Bancorp by 105.4% in the second quarter. Russell Investments Group Ltd. now owns 4,930 shares of the bank’s stock worth $210,000 after buying an additional 2,530 shares during the last quarter. Beese Fulmer Investment Management Inc. purchased a new position in shares of Home Bancorp during the second quarter worth $235,000. Finally, Prospera Financial Services Inc purchased a new position in shares of Home Bancorp during the second quarter worth $303,000. Institutional investors own 42.96% of the company’s stock.
Shares of Home Bancorp, Inc. (NASDAQ:HBCP) opened at 40.68 on Wednesday. The stock has a market capitalization of $301.11 million, a price-to-earnings ratio of 16.14 and a beta of 0.11. Home Bancorp, Inc. has a 52 week low of $27.00 and a 52 week high of $47.20. The firm’s 50-day moving average is $40.61 and its 200-day moving average is $37.35.
Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.66 EPS for the quarter, beating the consensus estimate of $0.62 by $0.04. Home Bancorp had a net margin of 23.05% and a return on equity of 9.95%. The firm had revenue of $18.06 million during the quarter, compared to the consensus estimate of $18.32 million. Analysts forecast that Home Bancorp, Inc. will post $2.57 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were given a $0.14 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.56 annualized dividend and a yield of 1.38%. Home Bancorp’s dividend payout ratio (DPR) is 22.22%.
HBCP has been the subject of a number of research reports. BidaskClub lowered shares of Home Bancorp from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. UBS AG lowered shares of Home Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 26th. Raymond James Financial, Inc. lowered shares of Home Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 26th. Finally, Zacks Investment Research upgraded shares of Home Bancorp from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Thursday, July 27th.
About Home Bancorp
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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