Metis Global Partners LLC Buys New Position in Home Bancorp, Inc. $HBCP

Metis Global Partners LLC purchased a new position in shares of Home Bancorp, Inc. (NASDAQ:HBCP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,148 shares of the bank’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in shares of Home Bancorp by 0.3% in the first quarter. NewEdge Advisors LLC now owns 111,742 shares of the bank’s stock valued at $5,006,000 after acquiring an additional 370 shares during the period. American Century Companies Inc. raised its position in Home Bancorp by 36.0% in the 1st quarter. American Century Companies Inc. now owns 104,846 shares of the bank’s stock valued at $4,697,000 after purchasing an additional 27,778 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in Home Bancorp by 18.9% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 86,784 shares of the bank’s stock worth $3,888,000 after purchasing an additional 13,822 shares during the period. Bridgeway Capital Management LLC grew its position in Home Bancorp by 3.7% during the 1st quarter. Bridgeway Capital Management LLC now owns 64,243 shares of the bank’s stock worth $2,878,000 after purchasing an additional 2,301 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in Home Bancorp by 21.3% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 62,317 shares of the bank’s stock worth $2,792,000 after purchasing an additional 10,930 shares during the last quarter. Hedge funds and other institutional investors own 49.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Home Bancorp in a report on Friday, October 31st. Zacks Research raised Home Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Finally, Raymond James Financial increased their price objective on Home Bancorp from $52.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $59.50.

Home Bancorp Stock Up 0.4%

Shares of NASDAQ:HBCP opened at $54.75 on Friday. Home Bancorp, Inc. has a fifty-two week low of $39.59 and a fifty-two week high of $61.07. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm’s 50-day simple moving average is $54.49 and its 200-day simple moving average is $53.18. The company has a market cap of $428.58 million, a price-to-earnings ratio of 9.74 and a beta of 0.63.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Monday, October 20th. The bank reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.22. Home Bancorp had a net margin of 21.32% and a return on equity of 11.01%. The firm had revenue of $37.84 million during the quarter, compared to the consensus estimate of $33.33 million. During the same quarter last year, the firm earned $1.18 earnings per share. As a group, equities research analysts predict that Home Bancorp, Inc. will post 4.78 earnings per share for the current year.

Home Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.24 annualized dividend and a dividend yield of 2.3%. This is an increase from Home Bancorp’s previous quarterly dividend of $0.29. Home Bancorp’s payout ratio is 22.06%.

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.