Acadian Asset Management LLC Raises Stake in Home Bancorp, Inc. (HBCP)
Acadian Asset Management LLC raised its stake in Home Bancorp, Inc. (NASDAQ:HBCP) by 15.2% during the second quarter, Holdings Channel reports. The firm owned 19,176 shares of the bank’s stock after buying an additional 2,537 shares during the period. Acadian Asset Management LLC’s holdings in Home Bancorp were worth $815,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. increased its position in shares of Home Bancorp by 105.4% in the second quarter. Russell Investments Group Ltd. now owns 4,930 shares of the bank’s stock valued at $210,000 after buying an additional 2,530 shares during the period. Thomson Horstmann & Bryant Inc. increased its position in shares of Home Bancorp by 19.5% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 120,681 shares of the bank’s stock valued at $5,131,000 after buying an additional 19,719 shares during the period. Prospera Financial Services Inc acquired a new position in shares of Home Bancorp during the second quarter valued at $303,000. First Quadrant L P CA acquired a new position in shares of Home Bancorp during the second quarter valued at $365,000. Finally, Beese Fulmer Investment Management Inc. acquired a new position in shares of Home Bancorp during the second quarter valued at $235,000. Institutional investors own 78.70% of the company’s stock.
Shares of Home Bancorp, Inc. (NASDAQ HBCP) traded down 2.50% during trading on Friday, reaching $38.58. 17,248 shares of the company traded hands. Home Bancorp, Inc. has a 1-year low of $27.00 and a 1-year high of $47.20. The company has a market capitalization of $285.57 million, a price-to-earnings ratio of 15.31 and a beta of 0.11. The stock’s 50 day moving average is $41.41 and its 200 day moving average is $37.11.
Home Bancorp (NASDAQ:HBCP) last released its earnings results on Tuesday, July 25th. The bank reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.04. The business had revenue of $18.06 million for the quarter, compared to analyst estimates of $18.32 million. Home Bancorp had a return on equity of 9.95% and a net margin of 23.05%. On average, analysts forecast that Home Bancorp, Inc. will post $2.57 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, August 3rd. Home Bancorp’s payout ratio is currently 22.22%.
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Several equities analysts recently weighed in on the stock. BidaskClub downgraded shares of Home Bancorp from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Zacks Investment Research downgraded shares of Home Bancorp from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Raymond James Financial, Inc. downgraded shares of Home Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 26th. Finally, UBS AG downgraded shares of Home Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 26th.
About Home Bancorp
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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