Squarepoint Ops LLC Buys Shares of 15,557 Home Bancorp, Inc. $HBCP

Squarepoint Ops LLC purchased a new position in shares of Home Bancorp, Inc. (NASDAQ:HBCP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,557 shares of the bank’s stock, valued at approximately $806,000. Squarepoint Ops LLC owned about 0.20% of Home Bancorp as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in Home Bancorp during the second quarter worth $46,000. Tower Research Capital LLC TRC boosted its holdings in Home Bancorp by 116.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after purchasing an additional 769 shares during the period. CWM LLC grew its position in Home Bancorp by 31.1% in the 2nd quarter. CWM LLC now owns 1,713 shares of the bank’s stock worth $89,000 after purchasing an additional 406 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of Home Bancorp during the 2nd quarter worth about $207,000. Finally, Exencial Wealth Advisors LLC acquired a new position in shares of Home Bancorp during the second quarter valued at about $212,000. 49.41% of the stock is owned by institutional investors.

Home Bancorp Price Performance

Shares of Home Bancorp stock opened at $59.73 on Tuesday. The firm has a market cap of $467.69 million, a P/E ratio of 10.63 and a beta of 0.59. The firm’s 50-day simple moving average is $55.60 and its 200-day simple moving average is $54.50. Home Bancorp, Inc. has a twelve month low of $39.59 and a twelve month high of $62.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 0.97.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Monday, October 20th. The bank reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.22. The firm had revenue of $37.84 million during the quarter, compared to analysts’ expectations of $33.33 million. Home Bancorp had a net margin of 21.32% and a return on equity of 10.87%. During the same quarter last year, the company earned $1.18 earnings per share. As a group, research analysts expect that Home Bancorp, Inc. will post 4.78 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.24 annualized dividend and a yield of 2.1%. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.29. Home Bancorp’s payout ratio is presently 22.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HBCP shares. Zacks Research raised Home Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Bancorp in a research report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $59.50.

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.