Renaissance Technologies LLC Trims Stock Holdings in Home Bancorp, Inc. $HBCP

Renaissance Technologies LLC lowered its stake in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 7.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,473 shares of the bank’s stock after selling 7,600 shares during the period. Renaissance Technologies LLC owned 1.17% of Home Bancorp worth $5,541,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HBCP. Elizabeth Park Capital Advisors Ltd. boosted its stake in shares of Home Bancorp by 40.9% during the 4th quarter. Elizabeth Park Capital Advisors Ltd. now owns 34,469 shares of the bank’s stock worth $1,992,000 after purchasing an additional 10,000 shares during the last quarter. LSV Asset Management raised its position in shares of Home Bancorp by 56.4% in the fourth quarter. LSV Asset Management now owns 34,425 shares of the bank’s stock valued at $1,990,000 after buying an additional 12,420 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Home Bancorp by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 429,581 shares of the bank’s stock valued at $26,024,000 after buying an additional 7,792 shares during the period. BCM Advisors LLC boosted its position in Home Bancorp by 11.2% during the first quarter. BCM Advisors LLC now owns 6,223 shares of the bank’s stock worth $396,000 after acquiring an additional 628 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Home Bancorp by 6.5% during the first quarter. Bank of New York Mellon Corp now owns 33,867 shares of the bank’s stock worth $2,052,000 after acquiring an additional 2,079 shares during the last quarter. Institutional investors and hedge funds own 49.41% of the company’s stock.

Home Bancorp Price Performance

HBCP opened at $72.08 on Thursday. Home Bancorp, Inc. has a 1 year low of $49.49 and a 1 year high of $72.90. The company’s 50 day simple moving average is $68.18 and its 200 day simple moving average is $64.01. The stock has a market capitalization of $565.11 million, a PE ratio of 12.05 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.97.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings results on Monday, July 20th. The bank reported $1.48 EPS for the quarter, topping the consensus estimate of $1.46 by $0.02. The firm had revenue of $39.72 million during the quarter, compared to analyst estimates of $38.57 million. Home Bancorp had a net margin of 22.23% and a return on equity of 10.65%. As a group, sell-side analysts expect that Home Bancorp, Inc. will post 5.98 EPS for the current year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, August 3rd. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.31. Home Bancorp’s payout ratio is currently 21.40%.

Insider Transactions at Home Bancorp

In other Home Bancorp news, CFO David T. Kirkley sold 655 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $62.80, for a total transaction of $41,134.00. Following the completion of the sale, the chief financial officer owned 5,064 shares of the company’s stock, valued at approximately $318,019.20. The trade was a 11.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John J. Iv Zollinger sold 867 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $62.77, for a total value of $54,421.59. Following the sale, the executive vice president owned 7,643 shares of the company’s stock, valued at $479,751.11. This represents a 10.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,742 shares of company stock worth $238,985 in the last ninety days. Insiders own 6.20% of the company’s stock.

Wall Street Analysts Forecast Growth

HBCP has been the subject of several analyst reports. Piper Sandler downgraded Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price target for the company. in a report on Wednesday, April 22nd. Weiss Ratings restated a “buy (a-)” rating on shares of Home Bancorp in a report on Friday, July 31st. Raymond James Financial reaffirmed an “outperform” rating and issued a $74.00 price objective on shares of Home Bancorp in a research report on Wednesday, July 22nd. Finally, Hovde Group upped their target price on Home Bancorp from $62.00 to $65.50 and gave the company a “market perform” rating in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $69.50.

Home Bancorp Company Profile

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.