California Public Employees Retirement System continued to hold its position in Home Bancorp, Inc. (NASDAQ:HBCP) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,700 shares of the bank’s stock at the end of the second quarter. California Public Employees Retirement System owned approximately 0.28% of Home Bancorp worth $880,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in HBCP. Bank of New York Mellon Corp grew its stake in Home Bancorp by 3.2% during the 1st quarter. Bank of New York Mellon Corp now owns 29,101 shares of the bank’s stock worth $982,000 after buying an additional 889 shares during the last quarter. American International Group Inc. grew its stake in Home Bancorp by 6.7% during the 1st quarter. American International Group Inc. now owns 3,527 shares of the bank’s stock worth $119,000 after buying an additional 220 shares during the last quarter. Geode Capital Management LLC grew its stake in Home Bancorp by 5.7% during the 1st quarter. Geode Capital Management LLC now owns 33,284 shares of the bank’s stock worth $1,123,000 after buying an additional 1,782 shares during the last quarter. Renaissance Technologies LLC grew its stake in Home Bancorp by 9.2% during the 1st quarter. Renaissance Technologies LLC now owns 150,100 shares of the bank’s stock worth $5,066,000 after buying an additional 12,600 shares during the last quarter. Finally, First Quadrant L P CA purchased a new position in Home Bancorp during the 2nd quarter worth approximately $365,000. Hedge funds and other institutional investors own 42.96% of the company’s stock.
A number of research firms recently issued reports on HBCP. Zacks Investment Research downgraded Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Raymond James Financial, Inc. cut Home Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 26th. UBS AG cut Home Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 26th. BidaskClub cut Home Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Sandler O’Neill reaffirmed a “hold” rating and set a $46.00 price objective on shares of Home Bancorp in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $47.00.
Shares of Home Bancorp, Inc. (NASDAQ HBCP) opened at $40.48 on Wednesday. Home Bancorp, Inc. has a 1 year low of $32.17 and a 1 year high of $47.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.99. The firm has a market capitalization of $300.66, a P/E ratio of 16.09 and a beta of 0.14.
Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). Home Bancorp had a return on equity of 9.72% and a net margin of 22.54%. The company had revenue of $18.25 million for the quarter, compared to analyst estimates of $18.54 million. equities analysts predict that Home Bancorp, Inc. will post 2.56 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Monday, November 6th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, November 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 1.38%. Home Bancorp’s payout ratio is 22.67%.
In other Home Bancorp news, CEO John W. Bordelon sold 15,578 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $43.59, for a total transaction of $679,045.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.50% of the stock is currently owned by company insiders.
Home Bancorp Company Profile
Home Bancorp, Inc is a bank holding company for Home Bank, N.A. (the Bank). The Bank conducts business through banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi.
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