Elizabeth Park Capital Advisors Ltd. Purchases 10,000 Shares of Home Bancorp, Inc. $HBCP

Elizabeth Park Capital Advisors Ltd. boosted its position in Home Bancorp, Inc. (NASDAQ:HBCP) by 40.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,469 shares of the bank’s stock after acquiring an additional 10,000 shares during the period. Elizabeth Park Capital Advisors Ltd.’s holdings in Home Bancorp were worth $1,992,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HBCP. Royal Bank of Canada boosted its holdings in Home Bancorp by 11.8% in the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock valued at $258,000 after acquiring an additional 607 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Home Bancorp by 80.7% in the first quarter. AQR Capital Management LLC now owns 12,258 shares of the bank’s stock valued at $549,000 after acquiring an additional 5,476 shares during the last quarter. Empowered Funds LLC boosted its holdings in Home Bancorp by 7.3% in the first quarter. Empowered Funds LLC now owns 33,749 shares of the bank’s stock valued at $1,512,000 after acquiring an additional 2,301 shares during the last quarter. Jane Street Group LLC bought a new position in Home Bancorp in the first quarter valued at about $612,000. Finally, JPMorgan Chase & Co. boosted its holdings in Home Bancorp by 9.5% in the second quarter. JPMorgan Chase & Co. now owns 21,669 shares of the bank’s stock valued at $1,122,000 after acquiring an additional 1,878 shares during the last quarter. Institutional investors own 49.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Weiss Ratings upgraded Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Hovde Group raised their target price on Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a report on Wednesday, April 22nd. Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Piper Sandler cut Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 target price on the stock. in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Home Bancorp has an average rating of “Moderate Buy” and a consensus target price of $65.50.

Home Bancorp Price Performance

Shares of HBCP opened at $65.55 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. Home Bancorp, Inc. has a 1 year low of $48.36 and a 1 year high of $68.65. The stock has a market cap of $513.91 million, a P/E ratio of 11.02 and a beta of 0.50. The stock’s 50-day moving average price is $64.36 and its two-hundred day moving average price is $61.45.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Monday, April 20th. The bank reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.The firm had revenue of $38.22 million for the quarter, compared to analysts’ expectations of $33.63 million. During the same quarter last year, the business earned $1.37 earnings per share. On average, equities analysts predict that Home Bancorp, Inc. will post 5.98 earnings per share for the current year.

Home Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a dividend of $0.31 per share. The ex-dividend date was Monday, May 4th. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. Home Bancorp’s dividend payout ratio (DPR) is 20.84%.

Insiders Place Their Bets

In other news, EVP Darren E. Guidry sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $62.78, for a total transaction of $100,448.00. Following the sale, the executive vice president owned 18,530 shares of the company’s stock, valued at $1,163,313.40. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John J. Iv Zollinger sold 867 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $62.77, for a total value of $54,421.59. Following the sale, the executive vice president directly owned 7,643 shares in the company, valued at approximately $479,751.11. This represents a 10.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 5,653 shares of company stock worth $359,063. 6.20% of the stock is owned by company insiders.

About Home Bancorp

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.