Connor Clark & Lunn Investment Management Ltd. Acquires New Shares in Home Bancorp, Inc. (NASDAQ:HBCP)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Home Bancorp, Inc. (NASDAQ:HBCP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,450 shares of the bank’s stock, valued at approximately $483,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.13% of Home Bancorp as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets increased its position in shares of Home Bancorp by 73.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after buying an additional 1,009 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Home Bancorp by 27.2% in the 4th quarter. SG Americas Securities LLC now owns 3,125 shares of the bank’s stock valued at $144,000 after buying an additional 668 shares in the last quarter. Barclays PLC increased 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 valued at $407,000 after buying an additional 6,785 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Home Bancorp in the 4th quarter valued at $449,000. Finally, Bailard Inc. boosted its stake in Home Bancorp by 11.6% in the 4th quarter. Bailard Inc. now owns 11,546 shares of the bank’s stock worth $534,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 49.41% of the company’s stock.

Home Bancorp Price Performance

Shares of NASDAQ HBCP opened at $44.41 on Friday. The firm has a market cap of $359.63 million, a PE ratio of 9.76 and a beta of 0.72. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. Home Bancorp, Inc. has a 1-year low of $33.30 and a 1-year high of $52.77. The company has a fifty day moving average price of $47.46 and a 200 day moving average price of $46.63.

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

Home Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.43%. This is an increase from Home Bancorp’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, February 10th. Home Bancorp’s dividend payout ratio is currently 23.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HBCP shares. Piper Sandler started coverage on shares of Home Bancorp in a research note on Friday, February 21st. They issued an “overweight” rating and a $60.00 target price for the company. StockNews.com lowered shares of Home Bancorp from a “buy” rating to a “hold” rating in a research note on Friday.

About Home Bancorp

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.