Home Bancorp, Inc. (NASDAQ:HBCP) Short Interest Up 15.5% in January

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 29,000 shares, an increase of 15.5% from the January 15th total of 25,100 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 22,900 shares, the days-to-cover ratio is presently 1.3 days.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HBCP shares. StockNews.com raised shares of Home Bancorp from a "hold" rating to a "buy" rating in a research note on Monday. Piper Sandler started coverage on shares of Home Bancorp in a research note on Friday. They set an "overweight" rating and a $60.00 target price on the stock. Finally, Hovde Group cut shares of Home Bancorp from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from $53.00 to $54.50 in a research note on Tuesday, November 12th.

Home Bancorp Trading Down 2.0 %

Shares of HBCP stock traded down $0.97 on Friday, hitting $47.75. 23,491 shares of the stock traded hands, compared to its average volume of 22,953. The firm's 50-day moving average price is $47.65 and its two-hundred day moving average price is $46.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $385.82 million, a PE ratio of 10.49 and a beta of 0.71. Home Bancorp has a twelve month low of $33.30 and a twelve month high of $52.77.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The bank reported $1.21 earnings per share for the quarter, beating 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 previous year, the business posted $1.17 EPS. As a group, analysts anticipate that Home Bancorp will post 4.78 EPS for the current year.

Home Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Monday, February 10th will be given a dividend of $0.27 per share. This is a boost from Home Bancorp's previous quarterly dividend of $0.26. The ex-dividend date is Monday, February 10th. This represents a $1.08 annualized dividend and a dividend yield of 2.26%. Home Bancorp's payout ratio is presently 23.74%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HBCP. SG Americas Securities LLC acquired a new position in shares of Home Bancorp during the 3rd quarter valued at about $110,000. Montz Harcus Wealth Management LLC acquired a new position in shares of Home Bancorp during the 3rd quarter valued at about $1,598,000. Empowered Funds LLC lifted its position in Home Bancorp by 5.2% in 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 during the last quarter. Summit Financial Wealth Advisors LLC lifted its position in Home Bancorp by 12.6% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,374 shares of the bank's stock valued at $1,042,000 after buying an additional 2,622 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position 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. Institutional investors and hedge funds own 49.41% of the company's stock.

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.