Home Bancorp, Inc. $HBCP Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in Home Bancorp, Inc. (NASDAQ:HBCP) by 4.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,455 shares of the bank’s stock after selling 451 shares during the quarter. Rhumbline Advisers owned 0.13% of Home Bancorp worth $468,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Two Sigma Advisers LP increased its position in shares of Home Bancorp by 3.6% in the fourth quarter. Two Sigma Advisers LP now owns 8,700 shares of the bank’s stock valued at $402,000 after buying an additional 300 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Home Bancorp by 0.3% during the first quarter. NewEdge Advisors LLC now owns 111,742 shares of the bank’s stock worth $5,006,000 after purchasing an additional 370 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Home Bancorp by 2.4% during the fourth quarter. Nuveen Asset Management LLC now owns 18,187 shares of the bank’s stock worth $840,000 after purchasing an additional 418 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Home Bancorp by 1.1% during the first quarter. Acadian Asset Management LLC now owns 52,952 shares of the bank’s stock worth $2,371,000 after purchasing an additional 569 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Home Bancorp by 11.8% during the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock worth $258,000 after purchasing an additional 607 shares in the last quarter. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

Home Bancorp Trading Down 1.0%

NASDAQ:HBCP opened at $55.00 on Wednesday. The stock’s 50 day moving average price is $54.63 and its 200 day moving average price is $50.74. Home Bancorp, Inc. has a 52-week low of $39.59 and a 52-week high of $61.07. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $430.38 million, a PE ratio of 10.56 and a beta of 0.63.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Monday, July 21st. The bank reported $1.45 earnings per share for the quarter, beating the consensus estimate 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. On average, research analysts anticipate that Home Bancorp, Inc. will post 4.78 EPS for the current year.

Home Bancorp Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Raymond James Financial boosted their price target on Home Bancorp from $52.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.50.

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.