Elizabeth Park Capital Advisors Ltd. Has $1.99 Million Position in Home Bancorp, Inc. $HBCP

Elizabeth Park Capital Advisors Ltd. boosted its stake in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 40.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,469 shares of the bank’s stock after acquiring an additional 10,000 shares during the quarter. Elizabeth Park Capital Advisors Ltd. owned 0.44% of Home Bancorp worth $1,992,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HBCP. Raymond James Financial Inc. acquired a new position in Home Bancorp during the second quarter worth $46,000. Tower Research Capital LLC TRC raised its stake in Home Bancorp by 116.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock worth $74,000 after acquiring an additional 769 shares in the last quarter. Mariner LLC acquired a new position in Home Bancorp during the fourth quarter worth $211,000. Quantbot Technologies LP acquired a new position in Home Bancorp during the second quarter worth $235,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in Home Bancorp during the fourth quarter worth $235,000. 49.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on HBCP. Weiss Ratings upgraded Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Zacks Research lowered Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Piper Sandler lowered Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price objective for the company. in a research note on Wednesday, April 22nd. Finally, Hovde Group increased their target price on Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.50.

Insider Transactions at Home Bancorp

In related news, CFO David T. Kirkley sold 655 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $62.80, for a total value of $41,134.00. Following the transaction, the chief financial officer owned 5,064 shares in the company, valued at $318,019.20. This trade represents a 11.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John J. Iv Zollinger sold 867 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $62.77, for a total value of $54,421.59. Following the completion of the transaction, the executive vice president owned 7,643 shares in the company, valued at approximately $479,751.11. This represents a 10.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,653 shares of company stock worth $359,063 in the last quarter. 6.20% of the stock is owned by corporate insiders.

Home Bancorp Price Performance

Shares of HBCP stock opened at $65.55 on Thursday. The stock’s fifty day moving average is $64.36 and its 200-day moving average is $61.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $513.91 million, a PE ratio of 11.02 and a beta of 0.50. Home Bancorp, Inc. has a 52 week low of $48.36 and a 52 week high of $68.65.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Monday, April 20th. The bank reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.The company had revenue of $38.22 million for the quarter, compared to analysts’ expectations of $33.63 million. During the same quarter in the prior year, the business earned $1.37 earnings per share. Equities research analysts expect that Home Bancorp, Inc. will post 5.98 EPS for the current fiscal year.

Home Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.24 annualized dividend and a yield of 1.9%. Home Bancorp’s dividend payout ratio is currently 20.84%.

About Home Bancorp

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.