Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 10,450 Home Bancorp, Inc. (NASDAQ:HBCP)

Connor Clark & Lunn Investment Management Ltd. bought a new position in Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,450 shares of the bank's stock, valued at approximately $483,000. Connor Clark & Lunn Investment Management Ltd. owned 0.13% of Home Bancorp at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HBCP. Barclays PLC increased its stake in Home Bancorp by 287.9% during the third quarter. Barclays PLC now owns 9,142 shares of the bank's stock worth $407,000 after acquiring an additional 6,785 shares during the last quarter. JPMorgan Chase & Co. increased its position in Home Bancorp by 136.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,668 shares of the bank's stock worth $654,000 after purchasing an additional 8,459 shares in the last quarter. Geode Capital Management LLC increased its position in 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 purchasing an additional 1,874 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Home Bancorp by 73.8% in 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. Finally, Empowered Funds LLC lifted its position in Home Bancorp by 5.0% during the fourth quarter. Empowered Funds LLC now owns 31,448 shares of the bank's stock valued at $1,453,000 after buying an additional 1,485 shares in the last quarter. Institutional investors and hedge funds own 49.41% of the company's stock.

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Home Bancorp Stock Up 0.7 %

Shares of HBCP traded up $0.31 during mid-day trading on Wednesday, reaching $46.06. 11,799 shares of the stock traded hands, compared to its average volume of 18,088. The stock has a fifty day simple moving average of $47.54 and a 200 day simple moving average of $46.72. Home Bancorp, Inc. has a 12-month low of $33.30 and a 12-month high of $52.77. 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 firm has a market cap of $372.99 million, a price-to-earnings ratio of 10.12 and a beta of 0.72.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.07. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. During the same quarter in the prior year, the business posted $1.17 EPS. 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. Investors of record on Monday, February 10th were issued a $0.27 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.08 dividend on an annualized basis and a yield of 2.34%. This is an increase from Home Bancorp's previous quarterly dividend of $0.26. Home Bancorp's dividend payout ratio is currently 23.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Piper Sandler initiated coverage on shares of Home Bancorp in a research note on Friday, February 21st. They issued an "overweight" rating and a $60.00 target price on the stock. StockNews.com downgraded Home Bancorp from a "buy" rating to a "hold" rating in a report on Friday, March 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.