Home Bancorp, Inc. (NASDAQ:HBCP) Short Interest Update

Home Bancorp, Inc. (NASDAQ:HBCP) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 92,448 shares, a growth of 34.5% from the December 31st total of 68,729 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily volume of 24,552 shares, the short-interest ratio is currently 3.8 days. Based on an average daily volume of 24,552 shares, the short-interest ratio is currently 3.8 days. Approximately 1.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HBCP. American Century Companies Inc. lifted its stake in Home Bancorp by 20.9% during the 2nd quarter. American Century Companies Inc. now owns 126,791 shares of the bank’s stock valued at $6,565,000 after acquiring an additional 21,945 shares in the last quarter. TrueMark Investments LLC bought a new stake in shares of Home Bancorp in the 3rd quarter worth approximately $1,054,000. Acadian Asset Management LLC raised its stake in shares of Home Bancorp by 5.1% in the second quarter. Acadian Asset Management LLC now owns 55,627 shares of the bank’s stock valued at $2,879,000 after buying an additional 2,675 shares during the period. Hillsdale Investment Management Inc. bought a new position in Home Bancorp during the second quarter worth about $3,676,000. Finally, Los Angeles Capital Management LLC bought a new position in Home Bancorp in the 2nd quarter worth approximately $437,000. 49.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HBCP shares. Weiss Ratings restated a “buy (b)” rating on shares of Home Bancorp in a research report on Monday, December 29th. Hovde Group boosted their target price on shares of Home Bancorp from $61.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday. Finally, Zacks Research cut shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

Home Bancorp Stock Up 0.3%

Shares of NASDAQ HBCP traded up $0.16 during trading on Friday, hitting $59.69. 43,838 shares of the company traded hands, compared to its average volume of 26,790. The firm has a market capitalization of $467.25 million, a price-to-earnings ratio of 10.17 and a beta of 0.60. The business’s fifty day moving average is $58.94 and its 200 day moving average is $55.94. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 0.97. Home Bancorp has a fifty-two week low of $39.59 and a fifty-two week high of $64.17.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Monday, January 26th. The bank reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. Home Bancorp had a return on equity of 11.19% and a net margin of 22.01%.The business had revenue of $37.26 million during the quarter, compared to analyst estimates of $33.73 million. Equities research analysts predict that Home Bancorp will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Monday, February 9th will be given a $0.31 dividend. The ex-dividend date of this dividend is Monday, February 9th. This represents a $1.24 annualized dividend and a yield of 2.1%. Home Bancorp’s dividend payout ratio (DPR) is presently 21.12%.

About Home Bancorp

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.