Los Angeles Capital Management LLC Makes New Investment in Home Bancorp, Inc. $HBCP

Los Angeles Capital Management LLC bought a new stake in Home Bancorp, Inc. (NASDAQ:HBCP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,430 shares of the bank’s stock, valued at approximately $437,000. Los Angeles Capital Management LLC owned 0.11% of Home Bancorp at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HBCP. Metis Global Partners LLC purchased a new position in shares of Home Bancorp during the 2nd quarter worth about $215,000. Exencial Wealth Advisors LLC purchased a new position in shares of Home Bancorp during the second quarter valued at approximately $212,000. CWM LLC boosted its position in shares of Home Bancorp by 31.1% during the second quarter. CWM LLC now owns 1,713 shares of the bank’s stock valued at $89,000 after buying an additional 406 shares during the period. U.S. Capital Wealth Advisors LLC bought a new position in shares of Home Bancorp during the second quarter valued at approximately $207,000. Finally, Strs Ohio bought a new position in shares of Home Bancorp during the first quarter valued at approximately $502,000. Institutional investors own 49.41% of the company’s stock.

Home Bancorp Stock Down 0.5%

NASDAQ:HBCP opened at $54.46 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. Home Bancorp, Inc. has a 1-year low of $39.59 and a 1-year high of $61.07. The company has a 50-day moving average of $54.45 and a 200 day moving average of $53.23. The firm has a market cap of $426.31 million, a PE ratio of 9.69 and a beta of 0.63.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Monday, October 20th. The bank reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.22. Home Bancorp had a net margin of 21.32% and a return on equity of 11.01%. The business had revenue of $37.84 million for the quarter, compared to the consensus estimate of $33.33 million. During the same quarter last year, the firm posted $1.18 EPS. As a group, research analysts anticipate that Home Bancorp, Inc. will post 4.78 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.3%. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, November 3rd. Home Bancorp’s payout ratio is presently 22.06%.

Wall Street Analyst Weigh In

HBCP has been the subject of a number of research analyst reports. Zacks Research raised Home Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Raymond James Financial increased their target price on Home Bancorp from $52.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Home Bancorp in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Home Bancorp presently has an average rating of “Buy” and an average target price of $59.50.

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.