JPMorgan Chase & Co. Increases Stock Position in Home Bancorp, Inc. (NASDAQ:HBCP)

JPMorgan Chase & Co. grew its holdings in Home Bancorp, Inc. (NASDAQ:HBCP) by 136.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 14,668 shares of the bank’s stock after buying an additional 8,459 shares during the period. JPMorgan Chase & Co. owned 0.18% of Home Bancorp worth $654,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HBCP. NewEdge Advisors LLC raised its holdings in shares of Home Bancorp by 120.9% in the second quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock valued at $5,615,000 after buying an additional 76,812 shares during the last quarter. Montz Harcus Wealth Management LLC purchased a new stake in shares of Home Bancorp in the third quarter valued at about $1,598,000. Crawford Fund Management LLC raised its holdings in shares of Home Bancorp by 48.3% in the third quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank’s stock valued at $4,068,000 after buying an additional 29,722 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Home Bancorp by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank’s stock valued at $15,938,000 after buying an additional 8,219 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Home Bancorp by 287.9% in the third quarter. Barclays PLC now owns 9,142 shares of the bank’s stock valued at $407,000 after buying an additional 6,785 shares during the last quarter. 49.41% of the stock is owned by hedge funds and other institutional investors.

Home Bancorp Stock Up 1.7 %

HBCP stock opened at $48.37 on Tuesday. The company’s 50 day simple moving average is $47.53 and its 200-day simple moving average is $45.07. The firm has a market capitalization of $390.64 million, a PE ratio of 10.73 and a beta of 0.71. Home Bancorp, Inc. has a 12 month low of $33.30 and a 12 month 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 quarterly earnings data on Monday, January 27th. The bank reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.07. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%. During the same quarter in the prior year, the business earned $1.17 EPS. Equities analysts expect that Home Bancorp, Inc. will post 4.48 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Monday, February 10th will be paid a dividend of $0.27 per share. This is an increase from Home Bancorp’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 2.23%. Home Bancorp’s dividend payout ratio is presently 23.06%.

Wall Street Analysts Forecast Growth

HBCP has been the subject of a number of research reports. Raymond James raised 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 report on Monday, October 21st. Hovde Group lowered shares of Home Bancorp from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $53.00 to $54.50 in a research note on Tuesday, November 12th. Finally, StockNews.com lowered shares of Home Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd.

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.