State Street Corp Has $5.06 Million Stake in Home Bancorp, Inc. (HBCP)
State Street Corp grew its holdings in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 40.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 119,022 shares of the bank’s stock after buying an additional 34,273 shares during the quarter. State Street Corp owned 1.61% of Home Bancorp worth $5,063,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in HBCP. American International Group Inc. grew its stake in shares of Home Bancorp by 6.7% during the first quarter. American International Group Inc. now owns 3,527 shares of the bank’s stock valued at $119,000 after buying an additional 220 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Home Bancorp by 5.7% during the first quarter. Geode Capital Management LLC now owns 33,284 shares of the bank’s stock valued at $1,123,000 after buying an additional 1,782 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Home Bancorp by 105.4% during the second quarter. Russell Investments Group Ltd. now owns 4,930 shares of the bank’s stock valued at $210,000 after buying an additional 2,530 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Home Bancorp by 15.2% during the second quarter. Acadian Asset Management LLC now owns 19,176 shares of the bank’s stock valued at $815,000 after buying an additional 2,537 shares during the last quarter. Finally, Strs Ohio grew its stake in shares of Home Bancorp by 6.1% during the second quarter. Strs Ohio now owns 10,400 shares of the bank’s stock valued at $442,000 after buying an additional 600 shares during the last quarter. 42.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Home Bancorp, Inc. (NASDAQ:HBCP) opened at $42.75 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $317.02, a P/E ratio of 16.83 and a beta of 0.23. Home Bancorp, Inc. has a twelve month low of $32.52 and a twelve month high of $47.20.
Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The firm had revenue of $18.25 million during the quarter, compared to analysts’ expectations of $18.54 million. Home Bancorp had a net margin of 22.54% and a return on equity of 9.72%. research analysts expect that Home Bancorp, Inc. will post 2.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, November 6th were issued a $0.14 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.31%. Home Bancorp’s payout ratio is 22.67%.
HBCP has been the topic of a number of analyst reports. Zacks Investment Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Sandler O’Neill reiterated a “hold” rating and issued a $46.00 price target on shares of Home Bancorp in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $47.00.
In related news, insider John W. Bordelon sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $42.75, for a total value of $299,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Bordelon sold 15,578 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $43.59, for a total value of $679,045.02. The disclosure for this sale can be found here. 15.50% of the stock is currently owned by insiders.
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About Home Bancorp
Home Bancorp, Inc is a bank holding company for Home Bank, N.A. (the Bank). The Bank conducts business through banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi.
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