Strs Ohio Raises Holdings in Home Bancorp, Inc. (NASDAQ:HBCP)

Strs Ohio grew its holdings in Home Bancorp, Inc. (NASDAQ:HBCP) by 25.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 21,400 shares of the bank’s stock after buying an additional 4,300 shares during the quarter. Strs Ohio’s holdings in Home Bancorp were worth $771,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley increased its position in Home Bancorp by 99.0% during the 3rd quarter. Morgan Stanley now owns 4,759 shares of the bank’s stock valued at $115,000 after buying an additional 2,367 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in Home Bancorp during the fourth quarter valued at $28,000. BlackRock Inc. lifted its position in shares of Home Bancorp by 8.6% in the fourth quarter. BlackRock Inc. now owns 423,466 shares of the bank’s stock valued at $11,853,000 after acquiring an additional 33,394 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of Home Bancorp in the fourth quarter valued at about $258,000. Finally, Rhumbline Advisers lifted its position in shares of Home Bancorp by 23.7% in the fourth quarter. Rhumbline Advisers now owns 13,169 shares of the bank’s stock valued at $369,000 after acquiring an additional 2,526 shares in the last quarter. Institutional investors and hedge funds own 39.39% of the company’s stock.

Several equities research analysts have weighed in on the company. Piper Sandler raised Home Bancorp from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $29.00 to $40.00 in a research note on Wednesday, February 3rd. Zacks Investment Research lowered Home Bancorp from a “buy” rating to a “hold” rating in a report on Friday, April 30th.

NASDAQ HBCP opened at $36.77 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.97 and a quick ratio of 0.96. The stock’s fifty day moving average price is $37.41 and its 200 day moving average price is $32.11. Home Bancorp, Inc. has a 1 year low of $18.77 and a 1 year high of $39.74. The company has a market cap of $320.30 million, a price-to-earnings ratio of 16.42 and a beta of 0.76.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Monday, April 26th. The bank reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.35. Home Bancorp had a net margin of 17.06% and a return on equity of 6.33%. Research analysts expect that Home Bancorp, Inc. will post 2.35 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 21st. Shareholders of record on Monday, May 10th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.50%. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, May 7th. Home Bancorp’s dividend payout ratio (DPR) is 30.16%.

About Home Bancorp

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana and Mississippi. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.

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Institutional Ownership by Quarter for Home Bancorp (NASDAQ:HBCP)

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