Home Bancorp (NASDAQ:HBCP – Free Report) had its target price increased by Hovde Group from $48.50 to $53.00 in a research report sent to investors on Monday morning, MarketBeat.com reports. They currently have an outperform rating on the bank’s stock.
Separately, Raymond James raised shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Monday.
Read Our Latest Report on HBCP
Home Bancorp Stock Down 1.3 %
Home Bancorp Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, October 28th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Monday, October 28th. This is an increase from Home Bancorp’s previous quarterly dividend of $0.25. Home Bancorp’s dividend payout ratio is 21.94%.
Institutional Investors Weigh In On Home Bancorp
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in shares of Home Bancorp in the third quarter valued at approximately $110,000. BNP Paribas Financial Markets grew its stake in Home Bancorp by 531.8% in the 1st quarter. BNP Paribas Financial Markets now owns 12,289 shares of the bank’s stock valued at $471,000 after buying an additional 10,344 shares during the last quarter. Kennedy Capital Management LLC grew its stake in Home Bancorp by 29.3% in the 1st quarter. Kennedy Capital Management LLC now owns 22,832 shares of the bank’s stock valued at $875,000 after buying an additional 5,177 shares during the last quarter. Empowered Funds LLC raised its holdings in Home Bancorp by 7.8% in the 1st quarter. Empowered Funds LLC now owns 26,509 shares of the bank’s stock worth $1,016,000 after acquiring an additional 1,925 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Home Bancorp by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock worth $1,438,000 after acquiring an additional 2,672 shares during the last quarter. 49.41% of the stock is currently owned by institutional investors and hedge funds.
Home Bancorp Company 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.
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