Empowered Funds LLC Increases Position in Home Bancorp, Inc. (NASDAQ:HBCP)

Empowered Funds LLC raised its holdings in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,448 shares of the bank’s stock after purchasing an additional 1,485 shares during the quarter. Empowered Funds LLC owned 0.39% of Home Bancorp worth $1,453,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HBCP. BNP Paribas Financial Markets grew its holdings in Home Bancorp by 73.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock worth $106,000 after acquiring an additional 1,009 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Home Bancorp in the 3rd quarter worth approximately $110,000. Barclays PLC lifted its position in shares of Home Bancorp by 287.9% in the 3rd quarter. Barclays PLC now owns 9,142 shares of the bank’s stock worth $407,000 after purchasing an additional 6,785 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Home Bancorp during the fourth quarter valued at approximately $449,000. Finally, Martingale Asset Management L P increased its holdings in Home Bancorp by 2.9% during the third quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock valued at $632,000 after buying an additional 400 shares during the period. 49.41% of the stock is currently owned by institutional investors.

Home Bancorp Trading Down 0.7 %

Home Bancorp stock opened at $49.48 on Monday. Home Bancorp, Inc. has a 12 month low of $33.30 and a 12 month high of $52.77. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The stock’s 50 day simple moving average is $47.68 and its two-hundred day simple moving average is $45.82. The firm has a market cap of $399.80 million, a PE ratio of 10.87 and a beta of 0.71.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Monday, January 27th. The bank reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.07. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same quarter in the previous year, the firm posted $1.17 EPS. Analysts anticipate that Home Bancorp, Inc. will post 4.78 earnings per share for the current year.

Home Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Monday, February 10th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Monday, February 10th. This is an increase from Home Bancorp’s previous quarterly dividend of $0.26. Home Bancorp’s dividend payout ratio is 22.86%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Hovde Group cut shares of Home Bancorp from an “outperform” rating to a “market perform” rating and raised their price target for the company from $53.00 to $54.50 in a report on Tuesday, November 12th. Raymond James raised shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Monday, October 21st. Finally, StockNews.com downgraded Home Bancorp from a “buy” rating to a “hold” rating in a report 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.