Vestmark Advisory Solutions Inc. Buys New Position in Home Bancorp, Inc. $HBCP

Vestmark Advisory Solutions Inc. purchased a new position in Home Bancorp, Inc. (NASDAQ:HBCP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 17,160 shares of the bank’s stock, valued at approximately $932,000. Vestmark Advisory Solutions Inc. owned 0.22% of Home Bancorp at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in Home Bancorp during the second quarter valued at $46,000. Tower Research Capital LLC TRC lifted its holdings in Home Bancorp by 116.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after purchasing an additional 769 shares in the last quarter. CWM LLC increased its stake in shares of Home Bancorp by 31.1% in the second quarter. CWM LLC now owns 1,713 shares of the bank’s stock worth $89,000 after purchasing an additional 406 shares in the last quarter. Canton Hathaway LLC purchased a new position in shares of Home Bancorp during the 3rd quarter valued at $118,000. Finally, Metis Global Partners LLC bought a new position in Home Bancorp in the 2nd quarter worth $215,000. Institutional investors own 49.41% of the company’s stock.

Home Bancorp Price Performance

HBCP stock opened at $61.24 on Thursday. The stock has a market cap of $479.51 million, a PE ratio of 10.43 and a beta of 0.60. Home Bancorp, Inc. has a 12 month low of $39.59 and a 12 month high of $64.17. The company has a 50-day moving average price of $60.23 and a 200 day moving average price of $56.87. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

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

Home Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Monday, February 9th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.24 annualized dividend and a yield of 2.0%. Home Bancorp’s dividend payout ratio is 21.12%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HBCP shares. Zacks Research upgraded Home Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Home Bancorp in a research report on Monday, December 29th. Finally, Hovde Group upped their price objective on Home Bancorp from $61.00 to $62.00 and gave the stock a “market perform” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $63.00.

Insider Buying and Selling

In other news, Director Chris P. Rader purchased 500 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were purchased at an average price of $59.50 per share, for a total transaction of $29,750.00. Following the completion of the purchase, the director owned 17,714 shares in the company, valued at approximately $1,053,983. This represents a 2.90% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 7.90% of the stock is owned by insiders.

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.