By otakuyassine3@gmail.com 
Home Bancorp, Inc. (NASDAQ:HBCP – Get Free Report) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 35,200 shares, a drop of 11.1% from the November 30th total of 39,600 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 19,300 shares, the days-to-cover ratio is presently 1.8 days.
Home Bancorp Stock Up 0.5 %
Shares of NASDAQ:HBCP traded up $0.24 during midday trading on Wednesday, reaching $46.21. The company had a trading volume of 13,299 shares, compared to its average volume of 15,599. The stock has a market capitalization of $373.19 million, a P/E ratio of 10.25 and a beta of 0.70. The stock’s fifty day moving average price is $48.57 and its 200-day moving average price is $44.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96. Home Bancorp has a one year low of $33.30 and a one year high of $52.39.
Home Bancorp (NASDAQ:HBCP – Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $1.18 EPS for the quarter, topping the consensus estimate of $0.97 by $0.21. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%. The business had revenue of $34.07 million for the quarter, compared to analysts’ expectations of $33.10 million. Equities research analysts expect that Home Bancorp will post 4.48 earnings per share for the current fiscal year.
Home Bancorp Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were given a $0.26 dividend. This is an increase from Home Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Monday, October 28th. Home Bancorp’s dividend payout ratio (DPR) is presently 23.06%.
Analyst Ratings Changes
HBCP has been the subject of a number of analyst reports. Hovde Group cut Home Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $53.00 to $54.50 in a report on Tuesday, November 12th. Raymond James upgraded 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 note on Monday, October 21st. Finally, StockNews.com downgraded shares of Home Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.
Read Our Latest Research Report on HBCP
Institutional Investors Weigh In On Home Bancorp
Several institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of Home Bancorp by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank’s stock worth $15,938,000 after purchasing an additional 8,219 shares during the period. Geode Capital Management LLC increased its position in Home Bancorp by 1.2% in the third quarter. Geode Capital Management LLC now owns 162,727 shares of the bank’s stock worth $7,256,000 after buying an additional 1,874 shares during the period. State Street Corp lifted its stake in Home Bancorp by 1.5% in the third quarter. State Street Corp now owns 156,752 shares of the bank’s stock valued at $6,988,000 after buying an additional 2,269 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Home Bancorp by 120.9% during the second quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock valued at $5,615,000 after acquiring an additional 76,812 shares during the period. Finally, Crawford Fund Management LLC grew its position in shares of Home Bancorp by 48.3% during the third quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank’s stock worth $4,068,000 after acquiring an additional 29,722 shares during the last quarter. Institutional investors and hedge funds own 49.41% of the company’s stock.
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, 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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