Hillsdale Investment Management Inc. Buys 37,318 Shares of Home Bancorp, Inc. $HBCP

Hillsdale Investment Management Inc. raised its stake in Home Bancorp, Inc. (NASDAQ:HBCP) by 52.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,314 shares of the bank’s stock after acquiring an additional 37,318 shares during the quarter. Hillsdale Investment Management Inc. owned about 1.38% of Home Bancorp worth $5,884,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in Home Bancorp by 11.8% during the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock worth $258,000 after acquiring an additional 607 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Home Bancorp by 80.7% during the first quarter. AQR Capital Management LLC now owns 12,258 shares of the bank’s stock worth $549,000 after purchasing an additional 5,476 shares during the period. Empowered Funds LLC lifted its holdings in Home Bancorp by 7.3% during the 1st quarter. Empowered Funds LLC now owns 33,749 shares of the bank’s stock worth $1,512,000 after purchasing an additional 2,301 shares during the last quarter. Jane Street Group LLC acquired a new stake in Home Bancorp during the 1st quarter worth approximately $612,000. Finally, CWM LLC boosted its stake in Home Bancorp by 31.1% in the 2nd quarter. CWM LLC now owns 1,713 shares of the bank’s stock valued at $89,000 after purchasing an additional 406 shares during the period. 49.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Home Bancorp news, Director Chris P. Rader bought 500 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 17,714 shares in the company, valued at approximately $1,053,983. The trade was a 2.90% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.90% of the stock is owned by company insiders.

Home Bancorp Stock Performance

NASDAQ HBCP opened at $62.03 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $485.69 million, a price-to-earnings ratio of 10.57 and a beta of 0.60. The firm’s 50 day simple moving average is $60.29 and its 200 day simple moving average is $56.67. Home Bancorp, Inc. has a 1 year low of $39.59 and a 1 year high of $64.17.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Monday, January 26th. The bank reported $1.46 EPS for the quarter, beating 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. As a group, research analysts expect that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Announces Dividend

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

Analyst Ratings Changes

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

Home Bancorp Profile

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.