Home Bancorp, Inc. (NASDAQ:HBCP) Short Interest Down 7.9% in November

Home Bancorp, Inc. (NASDAQ:HBCP) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 39,600 shares, a drop of 7.9% from the November 15th total of 43,000 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 18,600 shares, the short-interest ratio is presently 2.1 days.

Analyst Ratings Changes

HBCP has been the subject of several recent analyst reports. Raymond James upgraded Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research note on Monday, October 21st. StockNews.com cut Home Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Hovde Group downgraded Home Bancorp from an “outperform” rating to a “market perform” rating and increased their price target for the company from $53.00 to $54.50 in a report on Tuesday, November 12th.

Home Bancorp Stock Down 1.1 %

HBCP stock opened at $48.80 on Wednesday. The stock has a market capitalization of $394.11 million, a price-to-earnings ratio of 10.82 and a beta of 0.70. The company has a 50-day moving average of $48.21 and a two-hundred day moving average of $43.46. Home Bancorp has a 52-week low of $33.30 and a 52-week high of $52.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.21. The business had revenue of $34.07 million during the quarter, compared to analysts’ expectations of $33.10 million. Home Bancorp had a return on equity of 9.58% and a net margin of 18.55%. As a group, equities research analysts anticipate that Home Bancorp will post 4.48 EPS for the current year.

Home Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.13%. This is a boost from Home Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, October 28th. Home Bancorp’s dividend payout ratio is currently 23.06%.

Institutional Investors Weigh In On Home Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of HBCP. BNP Paribas Financial Markets boosted its holdings in Home Bancorp by 73.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after purchasing an additional 1,009 shares during the period. SG Americas Securities LLC acquired a new position in shares of Home Bancorp during the third quarter valued at about $110,000. Barclays PLC lifted its stake in shares of Home Bancorp by 287.9% in the third quarter. Barclays PLC now owns 9,142 shares of the bank’s stock valued at $407,000 after buying an additional 6,785 shares during the period. Martingale Asset Management L P lifted its stake in shares of Home Bancorp by 2.9% in the third quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock valued at $632,000 after buying an additional 400 shares during the period. Finally, Summit Financial Wealth Advisors LLC grew its position in Home Bancorp by 12.6% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,374 shares of the bank’s stock worth $1,042,000 after buying an additional 2,622 shares in the last quarter. Institutional investors and hedge funds own 49.41% of the company’s stock.

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.