Geode Capital Management LLC Acquires 1,874 Shares of Home Bancorp, Inc. (NASDAQ:HBCP)

Geode Capital Management LLC increased its holdings in Home Bancorp, Inc. (NASDAQ:HBCP) by 1.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 162,727 shares of the bank’s stock after purchasing an additional 1,874 shares during the period. Geode Capital Management LLC owned approximately 2.01% of Home Bancorp worth $7,256,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in Home Bancorp by 73.8% during the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after buying an additional 1,009 shares during the period. Montz Harcus Wealth Management LLC bought a new stake in shares of Home Bancorp in the 3rd quarter valued at about $1,598,000. NewEdge Advisors LLC lifted its stake in shares of Home Bancorp by 120.9% in the 2nd quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock valued at $5,615,000 after acquiring an additional 76,812 shares during the last quarter. Crawford Fund Management LLC boosted its holdings in Home Bancorp by 48.3% during the 3rd quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank’s stock valued at $4,068,000 after acquiring an additional 29,722 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Home Bancorp by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock worth $1,438,000 after acquiring an additional 2,672 shares during the last quarter. Hedge funds and other institutional investors own 49.41% of the company’s stock.

Home Bancorp Price Performance

Shares of HBCP stock opened at $45.11 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. Home Bancorp, Inc. has a fifty-two week low of $33.30 and a fifty-two week high of $52.39. The firm has a market cap of $364.49 million, a P/E ratio of 10.00 and a beta of 0.70. The business’s 50 day moving average price is $48.53 and its 200-day moving average price is $44.18.

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

Home Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were paid a $0.26 dividend. This is an increase from Home Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Monday, October 28th. Home Bancorp’s dividend payout ratio is presently 23.06%.

Analysts Set New Price Targets

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

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.