Russell Investments Group Ltd. boosted its position in Home Bancorp, Inc. (NASDAQ:HBCP) by 53.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,332 shares of the bank’s stock after acquiring an additional 2,200 shares during the period. Russell Investments Group Ltd. owned about 0.07% of Home Bancorp worth $295,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in shares of Home Bancorp by 13.3% in the 1st quarter. Wells Fargo & Company MN now owns 10,104 shares of the bank’s stock valued at $437,000 after purchasing an additional 1,188 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Home Bancorp by 9.1% in the 1st quarter. Northern Trust Corp now owns 77,168 shares of the bank’s stock valued at $3,331,000 after purchasing an additional 6,423 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Home Bancorp by 2.1% in the 1st quarter. BlackRock Inc. now owns 283,247 shares of the bank’s stock valued at $12,228,000 after purchasing an additional 5,916 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Home Bancorp by 33.0% in the 1st quarter. JPMorgan Chase & Co. now owns 7,056 shares of the bank’s stock valued at $305,000 after purchasing an additional 1,750 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Home Bancorp by 7.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 114,346 shares of the bank’s stock valued at $4,936,000 after purchasing an additional 7,861 shares during the last quarter. 38.96% of the stock is owned by hedge funds and other institutional investors.
Shares of HBCP opened at $42.86 on Tuesday. The firm has a market capitalization of $411.34 million, a price-to-earnings ratio of 15.47 and a beta of 0.07. Home Bancorp, Inc. has a fifty-two week low of $34.12 and a fifty-two week high of $48.47. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23.
Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Thursday, July 26th. The bank reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.10. The business had revenue of $26.68 million for the quarter, compared to analyst estimates of $25.73 million. Home Bancorp had a net margin of 23.13% and a return on equity of 10.63%. Sell-side analysts forecast that Home Bancorp, Inc. will post 3.57 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on HBCP shares. BidaskClub upgraded shares of Home Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Zacks Investment Research upgraded shares of Home Bancorp from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Wednesday, June 27th.
About Home Bancorp
Home Bancorp, Inc operates as the holding company for Home Bank, National Association that provides various banking products and services in Louisiana. It offers deposits products, including interest-bearing and noninterest-bearing checking, money market, savings, and certificates of deposit accounts.
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