LSV Asset Management Increases Stake in Home Bancorp, Inc. $HBCP

LSV Asset Management grew its stake in Home Bancorp, Inc. (NASDAQ:HBCP) by 56.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,425 shares of the bank’s stock after buying an additional 12,420 shares during the quarter. LSV Asset Management owned 0.44% of Home Bancorp worth $1,990,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hillsdale Investment Management Inc. raised its position in shares of Home Bancorp by 52.6% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 108,314 shares of the bank’s stock worth $5,884,000 after acquiring an additional 37,318 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in Home Bancorp during the third quarter worth approximately $932,000. Elevation Point Wealth Partners LLC acquired a new position in Home Bancorp during the third quarter worth approximately $932,000. Elizabeth Park Capital Advisors Ltd. acquired a new position in Home Bancorp during the third quarter worth approximately $1,329,000. Finally, Principal Financial Group Inc. acquired a new position in Home Bancorp during the third quarter worth approximately $457,000. Hedge funds and other institutional investors own 49.41% of the company’s stock.

Home Bancorp Stock Down 0.8%

Home Bancorp stock opened at $64.84 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98. Home Bancorp, Inc. has a 1-year low of $48.29 and a 1-year high of $66.00. The company has a market cap of $508.35 million, a PE ratio of 10.90 and a beta of 0.50. The stock’s 50 day moving average price is $62.79 and its 200 day moving average price is $60.24.

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

Home Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at Home Bancorp

In other Home Bancorp news, CFO David T. Kirkley sold 655 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $62.80, for a total transaction of $41,134.00. Following the sale, the chief financial officer directly owned 5,064 shares in the company, valued at approximately $318,019.20. The trade was a 11.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John J. Iv Zollinger sold 867 shares of the business’s stock in a transaction on 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 owned 7,643 shares in the company, valued at approximately $479,751.11. The trade was a 10.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,653 shares of company stock valued at $359,063 in the last three months. 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.