JPMorgan Chase & Co. Purchases 8,459 Shares of Home Bancorp, Inc. (NASDAQ:HBCP)

JPMorgan Chase & Co. raised its stake in Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 136.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,668 shares of the bank's stock after acquiring an additional 8,459 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.18% of Home Bancorp worth $654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC lifted its stake in Home Bancorp by 287.9% in the third quarter. Barclays PLC now owns 9,142 shares of the bank's stock valued at $407,000 after purchasing an additional 6,785 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Home Bancorp by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 162,727 shares of the bank's stock valued at $7,256,000 after buying an additional 1,874 shares during the last quarter. State Street Corp grew its stake in shares of 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 acquiring an additional 2,269 shares during the period. Martingale Asset Management L P increased its holdings in 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 acquiring an additional 400 shares during the last quarter. Finally, Crawford Fund Management LLC lifted its holdings in Home Bancorp by 48.3% during the third quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank's stock valued at $4,068,000 after purchasing an additional 29,722 shares during the last quarter. 49.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of Home Bancorp from a "buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. Hovde Group lowered Home Bancorp from an "outperform" rating to a "market perform" rating and boosted their price objective for the company from $53.00 to $54.50 in a research note on Tuesday, November 12th. Finally, Raymond James raised 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.

Home Bancorp Price Performance

Shares of HBCP stock traded up $0.15 during trading on Friday, hitting $50.15. The company had a trading volume of 9,896 shares, compared to its average volume of 22,807. The stock's 50-day moving average is $47.62 and its two-hundred day moving average is $45.24. The stock has a market capitalization of $405.23 million, a price-to-earnings ratio of 11.00 and a beta of 0.71. 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, Inc. has a 52 week low of $33.30 and a 52 week high of $52.39.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its quarterly earnings data 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 company posted $1.17 EPS. As a group, analysts predict that Home Bancorp, Inc. will post 4.63 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Monday, February 10th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.15%. This is a boost from Home Bancorp's previous quarterly dividend of $0.26. The ex-dividend date is Monday, February 10th. Home Bancorp's dividend payout ratio (DPR) is currently 22.86%.

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.