Home Bancorp, Inc. (NASDAQ:HBCP) Short Interest Up 6.2% in February

Home Bancorp, Inc. (NASDAQ:HBCPGet Free Report) was the target of a large increase in short interest during the month of February. As of February 29th, there was short interest totalling 36,100 shares, an increase of 6.2% from the February 14th total of 34,000 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 14,400 shares, the days-to-cover ratio is presently 2.5 days.

Home Bancorp Price Performance

HBCP opened at $34.81 on Wednesday. The business has a fifty day moving average of $37.81 and a 200 day moving average of $36.71. Home Bancorp has a 52-week low of $27.75 and a 52-week high of $44.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.26. The stock has a market cap of $283.67 million, a P/E ratio of 6.98 and a beta of 0.67.

Home Bancorp (NASDAQ:HBCPGet Free Report) last issued its earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.14. Home Bancorp had a return on equity of 11.46% and a net margin of 22.57%. The business had revenue of $32.76 million during the quarter, compared to analysts’ expectations of $33.10 million. As a group, sell-side analysts anticipate that Home Bancorp will post 3.95 EPS for the current year.

Home Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Monday, February 5th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, February 2nd. Home Bancorp’s dividend payout ratio is 20.04%.

Wall Street Analyst Weigh In

Separately, Piper Sandler downgraded Home Bancorp from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $40.00 to $43.00 in a research note on Wednesday, January 24th.

Check Out Our Latest Analysis on Home Bancorp

Institutional Investors Weigh In On Home Bancorp

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Home Bancorp by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 361,629 shares of the bank’s stock worth $15,192,000 after acquiring an additional 2,559 shares in the last quarter. Barclays PLC increased its position in Home Bancorp by 731.0% during the 4th quarter. Barclays PLC now owns 9,781 shares of the bank’s stock valued at $411,000 after buying an additional 8,604 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Home Bancorp by 32.5% in the fourth quarter. Nuveen Asset Management LLC now owns 17,769 shares of the bank’s stock valued at $746,000 after buying an additional 4,361 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in Home Bancorp by 4.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 55,078 shares of the bank’s stock valued at $2,314,000 after buying an additional 2,112 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in Home Bancorp by 14.0% in the fourth quarter. Royal Bank of Canada now owns 7,071 shares of the bank’s stock valued at $297,000 after buying an additional 867 shares during the last quarter. 42.14% of the stock is currently owned by hedge funds and other institutional investors.

Home Bancorp Company Profile

(Get Free Report)

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.

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