24,469 Shares in Home Bancorp, Inc. $HBCP Acquired by Elizabeth Park Capital Advisors Ltd.

Elizabeth Park Capital Advisors Ltd. acquired a new stake in Home Bancorp, Inc. (NASDAQ:HBCP) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 24,469 shares of the bank’s stock, valued at approximately $1,329,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. bought a new stake in shares of Home Bancorp during the second quarter worth $3,676,000. Marshall Wace LLP lifted its stake in shares of Home Bancorp by 636.7% in the 2nd quarter. Marshall Wace LLP now owns 42,027 shares of the bank’s stock valued at $2,176,000 after acquiring an additional 36,322 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Home Bancorp by 668.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 38,040 shares of the bank’s stock valued at $1,970,000 after acquiring an additional 33,090 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of Home Bancorp by 449.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 33,306 shares of the bank’s stock valued at $1,725,000 after acquiring an additional 27,240 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Home Bancorp by 20.9% during the 2nd quarter. American Century Companies Inc. now owns 126,791 shares of the bank’s stock valued at $6,565,000 after acquiring an additional 21,945 shares in the last quarter. Institutional investors and hedge funds own 49.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Hovde Group upped their target price on Home Bancorp from $61.00 to $62.00 and gave the stock a “market perform” rating in a report on Thursday, January 29th. Zacks Research upgraded Home Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Bancorp in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Home Bancorp has an average rating of “Buy” and an average target price of $63.00.

Home Bancorp Stock Performance

Shares of Home Bancorp stock opened at $57.90 on Friday. The stock has a market cap of $453.94 million, a price-to-earnings ratio of 9.86 and a beta of 0.58. Home Bancorp, Inc. has a twelve month low of $39.59 and a twelve month high of $64.17. The company’s fifty day moving average is $60.31 and its 200 day moving average is $57.35. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.13.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Monday, January 26th. The bank reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.07. The business had revenue of $38.05 million during the quarter, compared to analyst estimates of $33.73 million. Home Bancorp had a return on equity of 11.03% and a net margin of 22.01%. Sell-side analysts forecast that Home Bancorp, Inc. will post 4.78 EPS for the current year.

Home Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 9th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, February 9th. Home Bancorp’s dividend payout ratio (DPR) is 21.12%.

Insider Activity

In related news, Director Chris P. Rader acquired 500 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average cost of $59.50 per share, with a total value of $29,750.00. Following the completion of the purchase, the director directly owned 17,714 shares in the company, valued at $1,053,983. The trade was a 2.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 7.90% of the stock is owned by company insiders.

Home Bancorp Company Profile

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.