Home Bancorp, Inc. (NASDAQ:HBCP) Sees Large Decrease in Short Interest

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) was the target of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 39,600 shares, a decrease of 7.9% from the November 15th total of 43,000 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 18,600 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Investors Weigh In On Home Bancorp

Institutional investors have recently modified their holdings of the stock. Barclays PLC raised its holdings in Home Bancorp by 287.9% during the 3rd quarter. Barclays PLC now owns 9,142 shares of the bank's stock valued at $407,000 after buying an additional 6,785 shares during the period. Geode Capital Management LLC boosted its stake in Home Bancorp by 1.2% during the third 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 period. State Street Corp increased its position in Home Bancorp by 1.5% during the third quarter. State Street Corp now owns 156,752 shares of the bank's stock valued at $6,988,000 after acquiring an additional 2,269 shares during the last quarter. Martingale Asset Management L P raised its stake in shares of Home Bancorp by 2.9% in the third quarter. Martingale Asset Management L P now owns 14,172 shares of the bank's stock valued at $632,000 after acquiring an additional 400 shares during the period. Finally, Crawford Fund Management LLC lifted its holdings in shares of Home Bancorp by 48.3% in the 3rd quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank's stock worth $4,068,000 after acquiring an additional 29,722 shares during the last quarter. 49.41% of the stock is owned by institutional investors.

Home Bancorp Price Performance

HBCP traded down $0.05 during trading hours on Monday, hitting $49.32. The company's stock had a trading volume of 11,756 shares, compared to its average volume of 15,241. The stock has a market cap of $398.31 million, a price-to-earnings ratio of 10.95 and a beta of 0.70. The business's 50-day moving average price is $47.93 and its 200-day moving average price is $43.29. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. Home Bancorp has a 12 month low of $33.30 and a 12 month high of $52.39.

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

Home Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, October 28th. This is an increase from Home Bancorp's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 2.11%. Home Bancorp's dividend payout ratio is 23.06%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Raymond James upgraded shares of Home Bancorp from a "market perform" rating to an "outperform" rating and set a $50.00 price target on the stock in a report on Monday, October 21st. Hovde Group lowered Home Bancorp from an "outperform" rating to a "market perform" rating and raised their price objective for the company from $53.00 to $54.50 in a research report on Tuesday, November 12th. Finally, StockNews.com downgraded Home Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, November 15th.

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.