De Lisle Partners LLP Makes New Investment in Home Bancorp, Inc. $HBCP

De Lisle Partners LLP purchased a new stake in shares of Home Bancorp, Inc. (NASDAQ:HBCP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,985 shares of the bank’s stock, valued at approximately $1,577,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp acquired a new stake in Home Bancorp in the second quarter worth about $2,429,000. Summit Financial Wealth Advisors LLC increased its stake in Home Bancorp by 31.1% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 36,013 shares of the bank’s stock valued at $2,182,000 after buying an additional 8,539 shares during the period. Bank of America Corp DE increased its stake in Home Bancorp by 84.1% during the 1st quarter. Bank of America Corp DE now owns 24,268 shares of the bank’s stock valued at $1,470,000 after buying an additional 11,085 shares during the period. Empowered Funds LLC raised its position in shares of Home Bancorp by 6.0% during the 1st quarter. Empowered Funds LLC now owns 48,727 shares of the bank’s stock worth $2,952,000 after buying an additional 2,737 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of Home Bancorp by 60.5% during the 1st quarter. Quantinno Capital Management LP now owns 17,925 shares of the bank’s stock worth $1,086,000 after buying an additional 6,760 shares in the last quarter. 49.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Bancorp

In other news, EVP John J. Iv Zollinger sold 750 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $71.68, for a total transaction of $53,760.00. Following the completion of the transaction, the executive vice president owned 7,643 shares in the company, valued at approximately $547,850.24. This trade represents a 8.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 6.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Home Bancorp in a research note on Friday, July 31st. Raymond James Financial reiterated an “outperform” rating and set a $74.00 price objective on shares of Home Bancorp in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.50.

Home Bancorp Trading Up 0.4%

Shares of Home Bancorp stock opened at $69.71 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.12. The firm has a market cap of $546.53 million, a price-to-earnings ratio of 11.66 and a beta of 0.50. The business has a fifty day simple moving average of $69.54 and a 200-day simple moving average of $64.88. Home Bancorp, Inc. has a fifty-two week low of $50.54 and a fifty-two week high of $74.50.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Monday, July 20th. The bank reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $39.72 million during the quarter, compared to analysts’ expectations of $38.57 million. Home Bancorp had a return on equity of 10.65% and a net margin of 22.23%. On average, equities analysts forecast that Home Bancorp, Inc. will post 5.98 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 3rd. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.31. Home Bancorp’s dividend payout ratio is currently 21.40%.

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.