Nuveen LLC Makes New $815,000 Investment in Home Bancorp, Inc. $HBCP

Nuveen LLC bought a new stake in shares of Home Bancorp, Inc. (NASDAQ:HBCP) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 18,187 shares of the bank’s stock, valued at approximately $815,000. Nuveen LLC owned approximately 0.23% of Home Bancorp at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Home Bancorp by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 419,454 shares of the bank’s stock worth $19,383,000 after acquiring an additional 10,734 shares during the last quarter. Montz Harcus Wealth Management LLC boosted its stake in shares of Home Bancorp by 288.5% in the 1st quarter. Montz Harcus Wealth Management LLC now owns 113,065 shares of the bank’s stock valued at $5,065,000 after buying an additional 83,965 shares during the period. Pacific Ridge Capital Partners LLC boosted its stake in shares of Home Bancorp by 18.9% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 86,784 shares of the bank’s stock valued at $3,888,000 after buying an additional 13,822 shares during the period. Bridgeway Capital Management LLC lifted its stake in Home Bancorp by 2.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 61,942 shares of the bank’s stock worth $2,862,000 after purchasing an additional 1,485 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Home Bancorp by 5,285.9% during the first quarter. GAMMA Investing LLC now owns 48,742 shares of the bank’s stock worth $21,840,000 after purchasing an additional 47,837 shares during the last quarter. Hedge funds and other institutional investors own 49.41% of the company’s stock.

Home Bancorp Stock Performance

NASDAQ:HBCP opened at $55.98 on Wednesday. Home Bancorp, Inc. has a twelve month low of $39.59 and a twelve month high of $61.07. The firm has a market capitalization of $437.76 million, a price-to-earnings ratio of 10.74 and a beta of 0.63. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm’s fifty day simple moving average is $54.25 and its 200 day simple moving average is $49.85.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Monday, July 21st. The bank reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.21. Home Bancorp had a return on equity of 10.34% and a net margin of 20.09%.The company had revenue of $37.07 million for the quarter, compared to the consensus estimate of $32.07 million. As a group, equities research analysts expect that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 4th were given a $0.29 dividend. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, August 4th. This represents a $1.16 annualized dividend and a yield of 2.1%. Home Bancorp’s payout ratio is currently 22.26%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded Home Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Raymond James Financial upped their target price on shares of Home Bancorp from $52.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Finally, Zacks Research cut shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Home Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.50.

Home Bancorp 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.