Home Bancorp, Inc. (NASDAQ:HBCP) Short Interest Down 7.9% in November

Home Bancorp, Inc. (NASDAQ:HBCP) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 39,600 shares, a decrease of 7.9% from the November 15th total of 43,000 shares. Based on an average daily volume of 18,600 shares, the short-interest ratio is presently 2.1 days. Currently, 0.6% of the shares of the stock are sold short.

Home Bancorp Price Performance

Shares of HBCP opened at $48.80 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The stock has a market cap of $394.11 million, a P/E ratio of 10.82 and a beta of 0.70. The stock’s 50-day moving average price is $48.21 and its two-hundred day moving average price is $43.46. Home Bancorp has a 1 year low of $33.30 and a 1 year high of $52.39.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $1.18 EPS for the quarter, topping the consensus estimate of $0.97 by $0.21. Home Bancorp had a return on equity of 9.58% and a net margin of 18.55%. The business had revenue of $34.07 million for the quarter, compared to the consensus estimate of $33.10 million. On average, equities analysts predict that Home Bancorp will post 4.48 earnings per share for the current year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were given a dividend of $0.26 per share. This is a boost from Home Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Monday, October 28th. Home Bancorp’s dividend payout ratio is currently 23.06%.

Institutional Investors Weigh In On Home Bancorp

Several institutional investors have recently bought and sold shares of HBCP. BNP Paribas Financial Markets grew its position in Home Bancorp by 73.8% in the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after purchasing an additional 1,009 shares in the last quarter. SG Americas Securities LLC bought a new stake in Home Bancorp during the 3rd quarter worth about $110,000. Barclays PLC boosted its stake in shares of Home Bancorp by 287.9% during the 3rd quarter. Barclays PLC now owns 9,142 shares of the bank’s stock worth $407,000 after buying an additional 6,785 shares during the last quarter. Martingale Asset Management L P grew its holdings in shares of Home Bancorp by 2.9% in the 3rd quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock valued at $632,000 after acquiring an additional 400 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC increased its position in shares of Home Bancorp by 12.6% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,374 shares of the bank’s stock valued at $1,042,000 after acquiring an additional 2,622 shares during the last quarter. Institutional investors own 49.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HBCP. Hovde Group cut Home Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the company from $53.00 to $54.50 in a research report on Tuesday, November 12th. StockNews.com lowered shares of Home Bancorp from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Raymond James upgraded shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Monday, October 21st.

About Home Bancorp

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.