Susquehanna Fundamental Investments LLC Purchases Shares of 9,412 Home Bancorp, Inc. $HBCP

Susquehanna Fundamental Investments LLC purchased a new position in Home Bancorp, Inc. (NASDAQ:HBCP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,412 shares of the bank’s stock, valued at approximately $645,000. Susquehanna Fundamental Investments LLC owned about 0.12% of Home Bancorp as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Home Bancorp in the second quarter worth about $46,000. Tower Research Capital LLC TRC raised its position in Home Bancorp by 116.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after purchasing an additional 769 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Home Bancorp in the 2nd quarter worth approximately $105,000. Occudo Quantitative Strategies LP bought a new stake in shares of Home Bancorp in the 4th quarter worth approximately $202,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Home Bancorp during the fourth quarter valued at approximately $208,000. 49.41% of the stock is owned by institutional investors.

Home Bancorp Trading Up 2.0%

Shares of NASDAQ:HBCP opened at $69.34 on Thursday. Home Bancorp, Inc. has a 52-week low of $50.54 and a 52-week high of $74.50. The stock has a market capitalization of $543.83 million, a price-to-earnings ratio of 11.60 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s 50-day simple moving average is $69.93 and its two-hundred day simple moving average is $65.32.

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

Home Bancorp Increases Dividend

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

Insider Activity

In related news, EVP John J. Iv Zollinger sold 750 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $71.68, for a total value of $53,760.00. Following the completion of the sale, the executive vice president directly owned 7,643 shares of the company’s stock, valued at approximately $547,850.24. This represents a 8.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

Home Bancorp 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.