Home Bancorp, Inc. (NASDAQ:HBCP) Shares Sold by Northern Trust Corp

Northern Trust Corp lessened its stake in Home Bancorp, Inc. (NASDAQ:HBCP) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,906 shares of the bank’s stock after selling 1,527 shares during the period. Northern Trust Corp owned 0.80% of Home Bancorp worth $2,999,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Home Bancorp by 136.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,668 shares of the bank’s stock valued at $654,000 after acquiring an additional 8,459 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Home Bancorp in the 4th quarter valued at about $483,000. Empowered Funds LLC increased its position in 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 acquiring an additional 1,485 shares during the period. Janney Montgomery Scott LLC acquired a new position in Home Bancorp in the 4th quarter valued at about $449,000. Finally, Trexquant Investment LP acquired a new position in Home Bancorp in the 4th quarter valued at about $345,000. Institutional investors and hedge funds own 49.41% of the company’s stock.

Insider Buying and Selling at Home Bancorp

In related news, Director Daniel G. Guidry sold 500 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $52.40, for a total value of $26,200.00. Following the completion of the sale, the director now directly owns 64,319 shares in the company, valued at approximately $3,370,315.60. This represents a 0.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David T. Kirkley sold 2,284 shares of the stock in a transaction on Friday, April 25th. The shares were sold at an average price of $48.53, for a total value of $110,842.52. Following the completion of the sale, the chief financial officer now owns 3,633 shares of the company’s stock, valued at approximately $176,309.49. This represents a 38.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,784 shares of company stock worth $238,923. Insiders own 7.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on HBCP. Wall Street Zen upgraded Home Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Piper Sandler boosted their target price on Home Bancorp from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 23rd. Finally, Hovde Group boosted their target price on Home Bancorp from $48.50 to $51.50 and gave the stock a “market perform” rating in a research report on Thursday, April 24th.

Home Bancorp Price Performance

Shares of NASDAQ:HBCP opened at $49.09 on Friday. The business’s 50 day simple moving average is $46.95 and its 200-day simple moving average is $47.59. The firm has a market capitalization of $382.95 million, a price-to-earnings ratio of 10.79 and a beta of 0.56. 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, Inc. has a 12 month low of $35.16 and a 12 month high of $52.77.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Monday, April 21st. The bank reported $1.37 EPS for the quarter, topping the consensus estimate of $1.14 by $0.23. The business had revenue of $35.76 million for the quarter, compared to analyst estimates of $30.90 million. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same quarter in the previous year, the company earned $1.14 EPS. As a group, equities analysts forecast that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Monday, May 5th. Home Bancorp’s payout ratio is currently 22.59%.

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.