State Street Corp Buys 2,269 Shares of Home Bancorp, Inc. (NASDAQ:HBCP)

State Street Corp lifted its holdings in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,752 shares of the bank’s stock after purchasing an additional 2,269 shares during the quarter. State Street Corp owned 1.94% of Home Bancorp worth $6,988,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in Home Bancorp by 73.8% during the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after purchasing an additional 1,009 shares in the last quarter. Montz Harcus Wealth Management LLC bought a new position in shares of Home Bancorp in the 3rd quarter valued at $1,598,000. NewEdge Advisors LLC raised its holdings in shares of Home Bancorp by 120.9% during the 2nd quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock worth $5,615,000 after buying an additional 76,812 shares in the last quarter. Crawford Fund Management LLC lifted its position in shares of Home Bancorp by 48.3% during the 3rd quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank’s stock worth $4,068,000 after buying an additional 29,722 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Home Bancorp by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock valued at $1,438,000 after buying an additional 2,672 shares in the last quarter. 49.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HBCP has been the subject of several recent research reports. Raymond James raised Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Monday, October 21st. Hovde Group cut Home Bancorp from an “outperform” rating to a “market perform” rating and upped their target price for the company from $53.00 to $54.50 in a report on Tuesday, November 12th. Finally, StockNews.com downgraded shares of Home Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Home Bancorp Trading Down 1.4 %

NASDAQ:HBCP opened at $46.13 on Friday. The firm has a 50-day moving average price of $48.58 and a two-hundred day moving average price of $43.93. The firm has a market cap of $372.55 million, a price-to-earnings ratio of 10.23 and a beta of 0.70. Home Bancorp, Inc. has a 52 week low of $33.30 and a 52 week high of $52.39. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Thursday, October 17th. The bank reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.21. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%. The firm had revenue of $34.07 million during the quarter, compared to analyst estimates of $33.10 million. On average, equities analysts expect that Home Bancorp, Inc. will post 4.48 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were issued a $0.26 dividend. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.25%. Home Bancorp’s dividend payout ratio is presently 23.06%.

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.