Hotchkis & Wiley Capital Management LLC Cuts Position in Home Bancorp, Inc. (NASDAQ:HBCP)

Hotchkis & Wiley Capital Management LLC cut its stake in Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 29.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,987 shares of the bank's stock after selling 21,820 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.64% of Home Bancorp worth $2,318,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of HBCP. Martingale Asset Management L P boosted its stake in shares of Home Bancorp by 2.9% during 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 period. BNP Paribas Financial Markets lifted its stake in Home Bancorp by 73.8% in the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank's stock worth $106,000 after purchasing an additional 1,009 shares during the last quarter. Empowered Funds LLC lifted its stake in Home Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 29,963 shares of the bank's stock worth $1,336,000 after purchasing an additional 1,474 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Home Bancorp during the third quarter valued at approximately $110,000. Finally, Summit Financial Wealth Advisors LLC grew its stake in shares of Home Bancorp by 12.6% during 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. Institutional investors own 49.41% of the company's stock.

Analysts Set New Price Targets

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

Home Bancorp Trading Up 0.9 %

NASDAQ:HBCP traded up $0.46 during midday trading on Friday, hitting $50.14. The stock had a trading volume of 11,339 shares, compared to its average volume of 16,103. The stock has a 50-day moving average of $47.16 and a 200 day moving average of $42.79. The company has a market capitalization of $404.93 million, a price-to-earnings ratio of 11.12 and a beta of 0.70. Home Bancorp, Inc. has a one year low of $33.30 and a one year high of $52.39. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24.

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

Home Bancorp Increases Dividend

The firm also recently announced 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. This is an increase from Home Bancorp's previous quarterly dividend of $0.25. The ex-dividend date was Monday, October 28th. This represents a $1.04 dividend on an annualized basis and a yield of 2.07%. Home Bancorp's dividend payout ratio (DPR) is 23.06%.

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.