Short Interest in Home Bancorp, Inc. (NASDAQ:HBCP) Decreases By 11.1%

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) saw a significant decline in short interest in December. As of December 15th, there was short interest totalling 35,200 shares, a decline of 11.1% from the November 30th total of 39,600 shares. Currently, 0.5% of the company's stock are short sold. Based on an average daily volume of 19,300 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Martingale Asset Management L P increased its position in shares of Home Bancorp by 2.9% in the 3rd quarter. Martingale Asset Management L P now owns 14,172 shares of the bank's stock worth $632,000 after purchasing an additional 400 shares during the last quarter. BNP Paribas Financial Markets increased 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 last quarter. Empowered Funds LLC raised its stake in Home Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 29,963 shares of the bank's stock valued at $1,336,000 after buying an additional 1,474 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 buying an additional 1,874 shares during the last quarter. Finally, State Street Corp lifted its holdings in Home Bancorp by 1.5% during the 3rd quarter. State Street Corp now owns 156,752 shares of the bank's stock worth $6,988,000 after buying an additional 2,269 shares during the last quarter. 49.41% of the stock is currently owned by institutional investors.

Home Bancorp Stock Down 0.3 %

NASDAQ:HBCP traded down $0.16 on Monday, reaching $45.97. The stock had a trading volume of 18,152 shares, compared to its average volume of 15,608. Home Bancorp has a 12-month low of $33.30 and a 12-month high of $52.39. The stock has a market cap of $371.25 million, a P/E ratio of 10.19 and a beta of 0.70. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $48.59 and a 200 day moving average of $44.09.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.21. Home Bancorp had a return on equity of 9.58% and a net margin of 18.55%. The firm had revenue of $34.07 million during the quarter, compared to the consensus estimate of $33.10 million. On average, research analysts predict that Home Bancorp will post 4.48 earnings per share for the current year.

Home Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Monday, October 28th. This is a positive change from Home Bancorp's previous quarterly dividend of $0.25. Home Bancorp's payout ratio is 23.06%.

Analyst Upgrades and Downgrades

HBCP has been the subject of several analyst reports. Hovde Group downgraded Home Bancorp from an "outperform" rating to a "market perform" rating and upped their target price for the stock from $53.00 to $54.50 in a research report on Tuesday, November 12th. StockNews.com cut Home Bancorp from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Finally, Raymond James raised shares of Home Bancorp from a "market perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a research report on Monday, October 21st.

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.