Martingale Asset Management L P Acquires 6,203 Shares of Home Bancorp, Inc. (NASDAQ:HBCP)

Martingale Asset Management L P lifted its holdings in shares of Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 43.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,375 shares of the bank's stock after purchasing an additional 6,203 shares during the quarter. Martingale Asset Management L P owned 0.25% of Home Bancorp worth $942,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HBCP. Picton Mahoney Asset Management grew its position in Home Bancorp by 100.7% during the fourth quarter. Picton Mahoney Asset Management now owns 590 shares of the bank's stock worth $27,000 after buying an additional 296 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Home Bancorp by 73.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank's stock valued at $106,000 after acquiring an additional 1,009 shares during the last quarter. SG Americas Securities LLC raised its position in Home Bancorp by 27.2% in the fourth quarter. SG Americas Securities LLC now owns 3,125 shares of the bank's stock valued at $144,000 after purchasing an additional 668 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Home Bancorp by 14.6% in the 4th quarter. Wells Fargo & Company MN now owns 7,101 shares of the bank's stock valued at $328,000 after buying an additional 902 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Home Bancorp during the fourth quarter valued at $345,000. 49.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on HBCP. StockNews.com lowered Home Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Piper Sandler assumed coverage on shares of Home Bancorp in a report on Friday, February 21st. They set an "overweight" rating and a $60.00 price target for the company.

Home Bancorp Stock Up 1.0 %

NASDAQ HBCP traded up $0.43 on Friday, reaching $43.56. The company had a trading volume of 52,869 shares, compared to its average volume of 19,749. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $349.39 million, a P/E ratio of 9.57 and a beta of 0.55. The company's fifty day moving average is $45.47 and its 200 day moving average is $46.70. Home Bancorp, Inc. has a 52-week low of $33.30 and a 52-week high of $52.77.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.21 earnings per share for the quarter, topping 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 period in the prior year, the firm earned $1.17 EPS. Sell-side analysts anticipate that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were given a $0.27 dividend. This is a boost from Home Bancorp's previous quarterly dividend of $0.26. The ex-dividend date was Monday, February 10th. This represents a $1.08 dividend on an annualized basis and a yield of 2.48%. Home Bancorp's dividend payout ratio is presently 23.74%.

Home Bancorp 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.