GAMMA Investing LLC Makes New $39,000 Investment in Home Bancorp, Inc. (NASDAQ:HBCP)

GAMMA Investing LLC acquired a new stake in Home Bancorp, Inc. (NASDAQ:HBCP) in the 4th quarter, HoldingsChannel reports. The fund acquired 970 shares of the bank’s stock, valued at approximately $39,000.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in Home Bancorp during the 3rd quarter worth $25,000. SG Americas Securities LLC acquired a new position in shares of Home Bancorp during the fourth quarter worth about $164,000. BCM Advisors LLC purchased a new stake in shares of Home Bancorp during the fourth quarter worth approximately $225,000. Steel Grove Capital Advisors LLC acquired a new stake in Home Bancorp in the fourth quarter valued at approximately $241,000. Finally, Denali Advisors LLC lifted its stake in Home Bancorp by 17.7% in the fourth quarter. Denali Advisors LLC now owns 7,300 shares of the bank’s stock worth $307,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 49.41% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler downgraded shares of Home Bancorp from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $40.00 to $43.00 in a research report on Wednesday, January 24th.

Home Bancorp Stock Up 0.6 %

Shares of NASDAQ HBCP opened at $36.95 on Friday. The business has a 50-day moving average of $35.85 and a two-hundred day moving average of $37.51. The company has a market capitalization of $301.14 million, a price-to-earnings ratio of 7.80 and a beta of 0.68. Home Bancorp, Inc. has a 1 year low of $27.75 and a 1 year high of $44.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.95 and a quick ratio of 0.95.

Home Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Monday, April 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Friday, April 26th. Home Bancorp’s dividend payout ratio (DPR) is 21.10%.

About Home Bancorp

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.