Home Bancorp, Inc. (NASDAQ:HBCP) Holdings Decreased by FJ Capital Management LLC

FJ Capital Management LLC reduced its position in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 12.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 687,589 shares of the bank’s stock after selling 100,517 shares during the quarter. Home Bancorp accounts for about 3.7% of FJ Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding. FJ Capital Management LLC owned 0.09% of Home Bancorp worth $31,773,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Picton Mahoney Asset Management raised its stake in shares of Home Bancorp by 100.7% in the fourth quarter. Picton Mahoney Asset Management now owns 590 shares of the bank’s stock worth $27,000 after purchasing an additional 296 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Home Bancorp by 247.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,322 shares of the bank’s stock worth $61,000 after buying an additional 942 shares during the last quarter. SG Americas Securities LLC lifted its stake in Home Bancorp by 27.2% during the 4th quarter. SG Americas Securities LLC now owns 3,125 shares of the bank’s stock valued at $144,000 after acquiring an additional 668 shares during the period. PDT Partners LLC purchased a new stake in shares of Home Bancorp during the 4th quarter valued at about $203,000. Finally, First Trust Advisors LP bought a new position in Home Bancorp during the fourth quarter valued at approximately $228,000. 49.41% of the stock is owned by institutional investors.

Home Bancorp Stock Performance

HBCP opened at $50.87 on Friday. 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, Inc. has a 1-year low of $35.16 and a 1-year high of $52.77. The company has a 50 day simple moving average of $45.62 and a two-hundred day simple moving average of $47.31. The firm has a market cap of $408.03 million, a P/E ratio of 11.18 and a beta of 0.56.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Monday, April 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.23. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. The company had revenue of $35.76 million for the quarter, compared to the consensus estimate of $30.90 million. During the same quarter last year, the company earned $1.14 EPS. Equities analysts forecast that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Monday, May 5th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, May 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.12%. Home Bancorp’s payout ratio is 22.59%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Home Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday. Hovde Group increased their price objective on shares of Home Bancorp from $48.50 to $51.50 and gave the stock a “market perform” rating in a research note on Thursday, April 24th. Finally, Piper Sandler boosted their target price on shares of Home Bancorp from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, April 23rd.

Insider Buying and Selling

In other news, CFO David T. Kirkley sold 2,284 shares of the business’s stock in a transaction on Friday, April 25th. The shares were sold at an average price of $48.53, for a total transaction of $110,842.52. Following the completion of the sale, the chief financial officer now directly owns 3,633 shares of the company’s stock, valued at approximately $176,309.49. The trade was a 38.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel G. Guidry sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $50.94, for a total transaction of $101,880.00. Following the completion of the transaction, the director now directly owns 64,819 shares in the company, valued at $3,301,879.86. This represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. 7.90% of the stock is owned by company insiders.

Home Bancorp Company 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.