Steel Grove Capital Advisors LLC Takes Position in Home Bancorp, Inc. (NASDAQ:HBCP)

Steel Grove Capital Advisors LLC acquired a new position in shares of Home Bancorp, Inc. (NASDAQ:HBCP) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,733 shares of the bank’s stock, valued at approximately $241,000. Steel Grove Capital Advisors LLC owned about 0.07% of Home Bancorp at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in Home Bancorp by 6.4% during the second quarter. Royal Bank of Canada now owns 5,756 shares of the bank’s stock worth $191,000 after purchasing an additional 347 shares in the last quarter. American Century Companies Inc. boosted its holdings in Home Bancorp by 1.0% during the 1st quarter. American Century Companies Inc. now owns 36,125 shares of the bank’s stock valued at $1,187,000 after acquiring an additional 364 shares during the period. Charles Schwab Investment Management Inc. grew its position in Home Bancorp by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,847 shares of the bank’s stock valued at $794,000 after acquiring an additional 376 shares in the last quarter. Rhumbline Advisers increased its stake in Home Bancorp by 3.9% during the second quarter. Rhumbline Advisers now owns 10,595 shares of the bank’s stock worth $362,000 after purchasing an additional 396 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Home Bancorp by 7.4% during the fourth quarter. Alliancebernstein L.P. now owns 5,800 shares of the bank’s stock worth $232,000 after purchasing an additional 400 shares in the last quarter. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Piper Sandler downgraded shares of Home Bancorp from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $40.00 to $43.00 in a research note on Wednesday, January 24th.

Home Bancorp Stock Down 0.1 %

HBCP traded down $0.05 on Thursday, hitting $37.48. 7,939 shares of the company were exchanged, compared to its average volume of 11,493. The firm has a 50-day moving average price of $37.32 and a two-hundred day moving average price of $36.83. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.26. Home Bancorp, Inc. has a twelve month low of $27.75 and a twelve month high of $44.00. The company has a market cap of $305.46 million, a price-to-earnings ratio of 7.52 and a beta of 0.67.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.14. The business had revenue of $32.76 million during the quarter, compared to the consensus estimate of $33.10 million. Home Bancorp had a return on equity of 11.46% and a net margin of 22.57%. On average, equities analysts predict that Home Bancorp, Inc. will post 3.95 earnings per share for the current year.

Home Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Monday, February 5th were issued a $0.25 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.67%. Home Bancorp’s payout ratio is 20.04%.

Home Bancorp 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.