Corebridge Financial Inc. Has $162,000 Holdings in Home Bancorp, Inc. (NASDAQ:HBCP)

Corebridge Financial Inc. trimmed its position in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,503 shares of the bank’s stock after selling 263 shares during the period. Corebridge Financial Inc.’s holdings in Home Bancorp were worth $162,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HBCP. Geode Capital Management LLC boosted its position in shares of Home Bancorp by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 162,727 shares of the bank’s stock worth $7,256,000 after acquiring an additional 1,874 shares in the last quarter. State Street Corp lifted its stake in Home Bancorp by 1.5% during the third quarter. State Street Corp now owns 156,752 shares of the bank’s stock worth $6,988,000 after purchasing an additional 2,269 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Home Bancorp by 49.8% in the 4th quarter. American Century Companies Inc. now owns 77,068 shares of the bank’s stock valued at $3,561,000 after purchasing an additional 25,617 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Home Bancorp by 5.0% in the 4th quarter. Empowered Funds LLC now owns 31,448 shares of the bank’s stock valued at $1,453,000 after purchasing an additional 1,485 shares during the last quarter. Finally, Cullen Investment Group LTD. raised its holdings in shares of Home Bancorp by 13.0% during the 4th quarter. Cullen Investment Group LTD. now owns 26,766 shares of the bank’s stock worth $1,237,000 after buying an additional 3,086 shares in the last quarter. 49.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HBCP. Piper Sandler started coverage on Home Bancorp in a research note on Friday, February 21st. They issued an “overweight” rating and a $60.00 price objective on the stock. StockNews.com downgraded shares of Home Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, March 21st.

Home Bancorp Trading Down 1.3 %

NASDAQ HBCP opened at $41.61 on Monday. Home Bancorp, Inc. has a twelve month low of $33.30 and a twelve month high of $52.77. The business’s fifty day moving average is $46.17 and its 200 day moving average is $46.76. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24. The company has a market cap of $333.75 million, a price-to-earnings ratio of 9.15 and a beta of 0.55.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Monday, January 27th. The bank reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.07. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same quarter last year, the business earned $1.17 EPS. As a group, sell-side analysts expect that Home Bancorp, Inc. will post 4.78 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were given a $0.27 dividend. This is a boost from Home Bancorp’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Monday, February 10th. Home Bancorp’s dividend payout ratio is 23.74%.

Home Bancorp Company Profile

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.