Picton Mahoney Asset Management Acquires 296 Shares of Home Bancorp, Inc. (NASDAQ:HBCP)

Picton Mahoney Asset Management raised its position in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 100.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 590 shares of the bank’s stock after acquiring an additional 296 shares during the quarter. Picton Mahoney Asset Management’s holdings in Home Bancorp were worth $27,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Barclays PLC boosted its position in Home Bancorp by 287.9% during the 3rd quarter. Barclays PLC now owns 9,142 shares of the bank’s stock valued at $407,000 after acquiring an additional 6,785 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Home Bancorp by 136.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,668 shares of the bank’s stock valued at $654,000 after acquiring an additional 8,459 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Home Bancorp by 73.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after acquiring an additional 1,009 shares in the last quarter. Geode Capital Management LLC boosted its position in Home Bancorp by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 162,727 shares of the bank’s stock valued at $7,256,000 after acquiring an additional 1,874 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in Home Bancorp by 5.0% during the 4th quarter. Empowered Funds LLC now owns 31,448 shares of the bank’s stock valued at $1,453,000 after acquiring an additional 1,485 shares in the last quarter. 49.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com raised Home Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Piper Sandler assumed coverage on shares of Home Bancorp in a report on Friday, February 21st. They set an “overweight” rating and a $60.00 target price for the company.

Home Bancorp Price Performance

HBCP stock opened at $44.70 on Tuesday. The firm has a 50 day moving average price of $47.33 and a 200-day moving average price of $46.61. Home Bancorp, Inc. has a 52-week low of $33.30 and a 52-week high of $52.77. The firm has a market capitalization of $361.98 million, a price-to-earnings ratio of 9.82 and a beta of 0.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Monday, January 27th. The bank reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.07. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. During the same quarter last year, the business earned $1.17 earnings per share. Equities research analysts forecast that Home Bancorp, Inc. will post 4.78 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were issued a $0.27 dividend. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Monday, February 10th. Home Bancorp’s payout ratio is presently 23.74%.

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.