TIAA CREF Investment Management LLC maintained its stake in shares of Home Bancorp, Inc. (NASDAQ:HBCP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,504 shares of the bank’s stock at the close of the second quarter. TIAA CREF Investment Management LLC owned approximately 0.22% of Home Bancorp worth $702,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in HBCP. Bank of New York Mellon Corp lifted its holdings in Home Bancorp by 3.2% during the 1st quarter. Bank of New York Mellon Corp now owns 29,101 shares of the bank’s stock worth $982,000 after buying an additional 889 shares during the period. American International Group Inc. lifted its stake in shares of Home Bancorp by 6.7% in the 1st quarter. American International Group Inc. now owns 3,527 shares of the bank’s stock valued at $119,000 after purchasing an additional 220 shares during the period. Geode Capital Management LLC lifted its stake in shares of Home Bancorp by 5.7% in the 1st quarter. Geode Capital Management LLC now owns 33,284 shares of the bank’s stock valued at $1,123,000 after purchasing an additional 1,782 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Home Bancorp by 9.2% in the 1st quarter. Renaissance Technologies LLC now owns 150,100 shares of the bank’s stock valued at $5,066,000 after purchasing an additional 12,600 shares during the period. Finally, First Quadrant L P CA acquired a new position in shares of Home Bancorp in the 2nd quarter valued at about $365,000. 42.96% of the stock is currently owned by hedge funds and other institutional investors.
HBCP has been the topic of a number of recent analyst reports. BidaskClub downgraded Home Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. UBS AG downgraded Home Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 26th. Raymond James Financial, Inc. downgraded Home Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 26th. Zacks Investment Research raised Home Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Thursday, July 27th. Finally, Sandler O’Neill reissued a “hold” rating and issued a $46.00 price objective on shares of Home Bancorp in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $47.00.
Home Bancorp, Inc. (NASDAQ HBCP) opened at $40.48 on Wednesday. The stock has a market capitalization of $300.66, a PE ratio of 16.09 and a beta of 0.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.98. Home Bancorp, Inc. has a 52 week low of $32.17 and a 52 week high of $47.20.
Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Tuesday, October 24th. The bank reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). Home Bancorp had a net margin of 22.54% and a return on equity of 9.72%. The firm had revenue of $18.25 million during the quarter, compared to the consensus estimate of $18.54 million. sell-side analysts predict that Home Bancorp, Inc. will post 2.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, November 6th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Friday, November 3rd. Home Bancorp’s payout ratio is 22.67%.
In related news, CEO John W. Bordelon sold 15,578 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $43.59, for a total value of $679,045.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 15.50% of the company’s stock.
Home Bancorp Profile
Home Bancorp, Inc is a bank holding company for Home Bank, N.A. (the Bank). The Bank conducts business through banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi.
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