Globeflex Capital L P Purchases New Shares in Home Bancorp, Inc. $HBCP

Globeflex Capital L P purchased a new position in Home Bancorp, Inc. (NASDAQ:HBCP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,628 shares of the bank’s stock, valued at approximately $1,962,000. Globeflex Capital L P owned 0.37% of Home Bancorp as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HBCP. Royal Bank of Canada increased its stake in shares of Home Bancorp by 11.8% during the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock valued at $258,000 after purchasing an additional 607 shares in the last quarter. AQR Capital Management LLC increased its position in Home Bancorp by 80.7% during the 1st quarter. AQR Capital Management LLC now owns 12,258 shares of the bank’s stock valued at $549,000 after buying an additional 5,476 shares in the last quarter. Empowered Funds LLC raised its stake in Home Bancorp by 7.3% during the first quarter. Empowered Funds LLC now owns 33,749 shares of the bank’s stock valued at $1,512,000 after buying an additional 2,301 shares during the last quarter. Jane Street Group LLC purchased a new position in Home Bancorp during the first quarter valued at $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 worth $1,122,000 after acquiring an additional 1,878 shares in the last quarter. Institutional investors own 49.41% of the company’s stock.

Home Bancorp Stock Up 0.3%

HBCP opened at $69.89 on Tuesday. The stock has a market capitalization of $548.15 million, a price-to-earnings ratio of 11.69 and a beta of 0.50. The firm has a 50 day moving average price of $69.61 and a 200-day moving average price of $64.97. Home Bancorp, Inc. has a twelve month low of $50.54 and a twelve month high of $74.50. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.12.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Monday, July 20th. The bank reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. The business had revenue of $39.72 million for the quarter, compared to analysts’ expectations of $38.57 million. Home Bancorp had a return on equity of 10.65% and a net margin of 22.23%. Equities research analysts forecast that Home Bancorp, Inc. will post 5.98 earnings per share for the current year.

Home Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were paid a $0.32 dividend. This is a boost from Home Bancorp’s previous quarterly dividend of $0.31. The ex-dividend date was Monday, August 3rd. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. Home Bancorp’s dividend payout ratio (DPR) is currently 21.40%.

Analyst Ratings Changes

Several research analysts have recently issued reports on HBCP shares. Weiss Ratings reiterated a “buy (a-)” rating on shares of Home Bancorp in a research note on Friday, July 31st. Raymond James Financial restated an “outperform” rating and issued a $74.00 price objective on shares of Home Bancorp in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.50.

Insider Activity

In other Home Bancorp news, EVP John J. Iv Zollinger sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $71.68, for a total transaction of $53,760.00. Following the completion of the sale, the executive vice president directly owned 7,643 shares of the company’s stock, valued at approximately $547,850.24. This represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.20% of the company’s stock.

Home Bancorp 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.