Acadian Asset Management LLC Has $1.95 Million Holdings in Home Bancorp, Inc. (NASDAQ:HBCP)

Acadian Asset Management LLC decreased its position in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 3.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,789 shares of the bank’s stock after selling 1,926 shares during the quarter. Acadian Asset Management LLC owned approximately 0.60% of Home Bancorp worth $1,951,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cullen Investment Group LTD. boosted its stake in shares of Home Bancorp by 12.0% during the first quarter. Cullen Investment Group LTD. now owns 32,151 shares of the bank’s stock valued at $1,183,000 after purchasing an additional 3,454 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Home Bancorp by 531.8% in the 1st quarter. BNP Paribas Financial Markets now owns 12,289 shares of the bank’s stock worth $471,000 after acquiring an additional 10,344 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Home Bancorp by 7.8% during the 1st quarter. Empowered Funds LLC now owns 26,509 shares of the bank’s stock valued at $1,016,000 after purchasing an additional 1,925 shares in the last quarter. Vanguard Group Inc. grew its stake in Home Bancorp by 0.9% during 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 period. Finally, Kennedy Capital Management LLC increased its holdings in Home Bancorp by 29.3% in the first quarter. Kennedy Capital Management LLC now owns 22,832 shares of the bank’s stock worth $875,000 after purchasing an additional 5,177 shares in the last quarter. Institutional investors own 49.41% of the company’s stock.

Insider Buying and Selling at Home Bancorp

In other news, Director Daniel G. Guidry sold 5,000 shares of Home Bancorp stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $41.48, for a total transaction of $207,400.00. Following the completion of the transaction, the director now directly owns 66,819 shares in the company, valued at $2,771,652.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Home Bancorp Price Performance

Shares of NASDAQ HBCP opened at $42.95 on Friday. The firm has a market capitalization of $346.61 million, a P/E ratio of 9.06 and a beta of 0.69. The firm’s 50-day moving average price is $41.93 and its 200-day moving average price is $38.43. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.25. Home Bancorp, Inc. has a 1-year low of $31.47 and a 1-year high of $45.44.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly 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 return on equity of 9.98% and a net margin of 19.16%. The business had revenue of $49.21 million for the quarter, compared to the consensus estimate of $31.90 million. During the same period in the prior year, the business earned $1.21 EPS. Equities research analysts anticipate that Home Bancorp, Inc. will post 4.3 earnings per share for the current fiscal year.

Home Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Monday, July 29th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.33%. The ex-dividend date was Monday, July 29th. Home Bancorp’s payout ratio is currently 21.10%.

Home Bancorp 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.