Cullen Investment Group LTD. Cuts Holdings in Home Bancorp, Inc. (NASDAQ:HBCP)

Cullen Investment Group LTD. lowered its stake in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 9.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,680 shares of the bank’s stock after selling 2,399 shares during the quarter. Cullen Investment Group LTD. owned 0.29% of Home Bancorp worth $1,056,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HBCP. Dimensional Fund Advisors LP boosted its holdings in shares of Home Bancorp by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank’s stock worth $15,938,000 after purchasing an additional 8,219 shares in the last quarter. Vanguard Group Inc. lifted its stake in Home Bancorp by 0.9% in the first quarter. Vanguard Group Inc. now owns 365,043 shares of the bank’s stock worth $13,985,000 after purchasing an additional 3,414 shares during the last quarter. NewEdge Advisors LLC boosted its position in Home Bancorp by 120.9% during the second quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock valued at $5,615,000 after buying an additional 76,812 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Home Bancorp by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock valued at $1,438,000 after buying an additional 2,672 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Home Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 26,509 shares of the bank’s stock valued at $1,016,000 after buying an additional 1,925 shares during the last quarter. 49.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Hovde Group raised their price target on Home Bancorp from $45.00 to $48.50 and gave the stock an “outperform” rating in a research report on Friday, July 19th.

Insider Activity at Home Bancorp

In other Home Bancorp news, Director Daniel G. Guidry sold 5,000 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $41.48, for a total transaction of $207,400.00. Following the transaction, the director now directly owns 66,819 shares of the company’s stock, valued at approximately $2,771,652.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.30% of the stock is owned by corporate insiders.

Home Bancorp Trading Up 1.4 %

HBCP traded up $0.55 during trading on Friday, hitting $41.22. 4,212 shares of the stock traded hands, compared to its average volume of 13,806. The firm has a market capitalization of $335.04 million, a P/E ratio of 8.70 and a beta of 0.69. Home Bancorp, Inc. has a 12-month low of $31.70 and a 12-month high of $45.44. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a 50-day moving average of $42.13 and a 200 day moving average of $39.20.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Wednesday, July 17th. The bank reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. Home Bancorp had a net margin of 19.16% and a return on equity of 9.98%. The company had revenue of $49.21 million during the quarter, compared to analyst estimates of $31.90 million. During the same period in the prior year, the business posted $1.21 earnings per share. Equities research analysts anticipate that Home Bancorp, Inc. will post 4.3 EPS for the current year.

Home Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Monday, July 29th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, July 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.43%. Home Bancorp’s dividend payout ratio is presently 21.10%.

Home Bancorp Company Profile

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana, Mississippi, and Texas. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.