Home Bancorp, Inc. (NASDAQ:HBCP) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 64,600 shares, a decline of 6.0% from the September 30th total of 68,700 shares. Based on an average trading volume of 15,900 shares, the short-interest ratio is currently 4.1 days. Currently, 0.9% of the shares of the stock are short sold.

Several research firms have recently weighed in on HBCP. Zacks Investment Research upgraded Home Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. BidaskClub cut Home Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. Finally, Raymond James upgraded Home Bancorp from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.50.

Shares of NASDAQ:HBCP traded up $0.11 during midday trading on Tuesday, hitting $38.50. 30 shares of the stock were exchanged, compared to its average volume of 15,134. The stock has a market capitalization of $355.54 million, a price-to-earnings ratio of 10.78 and a beta of 0.38. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.97 and a current ratio of 0.97. The business’s 50-day moving average price is $38.71 and its 200 day moving average price is $37.39. Home Bancorp has a 12 month low of $32.59 and a 12 month high of $40.80.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.02). The company had revenue of $25.92 million during the quarter, compared to analyst estimates of $25.16 million. Home Bancorp had a return on equity of 9.58% and a net margin of 25.17%. As a group, sell-side analysts expect that Home Bancorp will post 3.08 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, November 7th. Home Bancorp’s payout ratio is presently 24.72%.

In other Home Bancorp news, CFO Joseph B. Zanco sold 6,000 shares of Home Bancorp stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $37.68, for a total value of $226,080.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 12.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Usca Ria LLC acquired a new stake in Home Bancorp during the 3rd quarter worth about $156,000. Beese Fulmer Investment Management Inc. acquired a new position in Home Bancorp during the 2nd quarter worth $212,000. Russell Investments Group Ltd. boosted its holdings in shares of Home Bancorp by 24.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,629 shares of the bank’s stock valued at $220,000 after buying an additional 1,118 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Home Bancorp by 29.7% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 8,116 shares of the bank’s stock valued at $312,000 after buying an additional 1,860 shares during the period. Finally, Strs Ohio boosted its holdings in shares of Home Bancorp by 7.9% in the 2nd quarter. Strs Ohio now owns 12,300 shares of the bank’s stock valued at $473,000 after buying an additional 900 shares during the period. Institutional investors own 38.67% of the company’s stock.

Home Bancorp Company 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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