Home Bancorp, Inc. (NASDAQ:HBCP) Stock Position Raised by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its position in Home Bancorp, Inc. (NASDAQ:HBCP) by 73.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,377 shares of the bank’s stock after buying an additional 1,009 shares during the period. BNP Paribas Financial Markets’ holdings in Home Bancorp were worth $106,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Montz Harcus Wealth Management LLC acquired a new stake in Home Bancorp in the third quarter valued at approximately $1,598,000. NewEdge Advisors LLC raised its holdings in shares of Home Bancorp by 120.9% during the 2nd quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock valued at $5,615,000 after purchasing an additional 76,812 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Home Bancorp by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock valued at $1,438,000 after purchasing an additional 2,672 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Home Bancorp by 2.1% in the second 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. Finally, SG Americas Securities LLC acquired a new position in Home Bancorp during the third quarter worth $110,000. Institutional investors own 49.41% of the company’s stock.

Home Bancorp Stock Down 6.3 %

HBCP stock opened at $45.73 on Thursday. The stock has a market capitalization of $369.32 million, a price-to-earnings ratio of 10.14 and a beta of 0.70. The company has a 50-day moving average of $48.26 and a two-hundred day moving average of $43.48. Home Bancorp, Inc. has a 52-week low of $33.30 and a 52-week high of $52.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Thursday, October 17th. The bank reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.21. The firm had revenue of $34.07 million during the quarter, compared to the consensus estimate of $33.10 million. Home Bancorp had a return on equity of 9.58% and a net margin of 18.55%. As a group, equities research analysts anticipate that Home Bancorp, Inc. will post 4.48 EPS for the current year.

Home Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were paid 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 yield of 2.27%. The ex-dividend date of this dividend was Monday, October 28th. Home Bancorp’s dividend payout ratio is presently 23.06%.

Wall Street Analysts Forecast Growth

HBCP has been the subject of several recent analyst reports. StockNews.com downgraded Home Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Hovde Group lowered Home Bancorp from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $53.00 to $54.50 in a report on Tuesday, November 12th. Finally, Raymond James upgraded Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a 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.