Jacobs Asset Management LLC Has $9.80 Million Holdings in Home Bancorp, Inc. (HBCP)
Jacobs Asset Management LLC decreased its holdings in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,219 shares of the bank’s stock after selling 5,390 shares during the period. Home Bancorp accounts for about 1.9% of Jacobs Asset Management LLC’s portfolio, making the stock its 24th biggest position. Jacobs Asset Management LLC owned 3.14% of Home Bancorp worth $9,795,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. bought a new stake in shares of Home Bancorp during the 2nd quarter valued at about $328,000. Strs Ohio raised its stake in Home Bancorp by 6.1% during the 2nd quarter. Strs Ohio now owns 10,400 shares of the bank’s stock worth $442,000 after buying an additional 600 shares during the period. Chicago Equity Partners LLC acquired a new position in Home Bancorp during the 2nd quarter worth approximately $752,000. Raymond James Financial Services Advisors Inc. raised its stake in 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 worth $2,125,000 after buying an additional 158 shares during the period. Finally, Martingale Asset Management L P raised its stake in shares of Home Bancorp by 22.2% in the second quarter. Martingale Asset Management L P now owns 31,414 shares of the bank’s stock worth $1,336,000 after purchasing an additional 5,703 shares during the last quarter. Institutional investors own 42.13% of the company’s stock.
In other news, insider John W. Bordelon sold 7,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $42.75, for a total value of $299,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Bordelon sold 15,578 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $43.59, for a total value of $679,045.02. The disclosure for this sale can be found here. 15.50% of the stock is currently owned by corporate insiders.
Home Bancorp (NASDAQ:HBCP) last released its earnings results on Tuesday, October 24th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.04). The business had revenue of $18.25 million during the quarter, compared to the consensus estimate of $18.54 million. Home Bancorp had a net margin of 22.54% and a return on equity of 9.72%. analysts anticipate that Home Bancorp, Inc. will post 2.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, November 3rd. Home Bancorp’s dividend payout ratio (DPR) is 22.67%.
Several analysts have recently commented on HBCP shares. Zacks Investment Research downgraded Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Sandler O’Neill reissued a “hold” rating and issued a $46.00 price objective 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 and four have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $47.00.
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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