Principal Financial Group Inc. Makes New $457,000 Investment in Home Bancorp, Inc. $HBCP

Principal Financial Group Inc. purchased a new stake in shares of Home Bancorp, Inc. (NASDAQ:HBCP) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,410 shares of the bank’s stock, valued at approximately $457,000. Principal Financial Group Inc. owned 0.11% of Home Bancorp as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of Home Bancorp in the 2nd quarter valued at about $46,000. Tower Research Capital LLC TRC increased its stake 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 worth $74,000 after purchasing an additional 769 shares during the period. CWM LLC lifted its position in Home Bancorp by 31.1% in the second quarter. CWM LLC now owns 1,713 shares of the bank’s stock valued at $89,000 after purchasing an additional 406 shares during the last quarter. Canton Hathaway LLC purchased a new stake in shares of Home Bancorp during the third quarter valued at approximately $118,000. Finally, Exencial Wealth Advisors LLC purchased a new stake in shares of Home Bancorp during the second quarter valued at approximately $212,000. 49.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HBCP. Hovde Group lifted their target price on shares of Home Bancorp from $61.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Home Bancorp in a report on Monday, December 29th. Finally, Zacks Research raised shares of Home Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Home Bancorp currently has a consensus rating of “Buy” and a consensus target price of $63.00.

Home Bancorp Stock Down 0.5%

Shares of NASDAQ HBCP opened at $60.46 on Friday. The firm has a fifty day simple moving average of $60.25 and a two-hundred day simple moving average of $56.56. Home Bancorp, Inc. has a 12 month low of $39.59 and a 12 month high of $64.17. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $473.40 million, a PE ratio of 10.30 and a beta of 0.60.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Monday, January 26th. The bank reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.07. Home Bancorp had a net margin of 22.01% and a return on equity of 11.19%. The company had revenue of $37.26 million for the quarter, compared to analysts’ expectations of $33.73 million. Equities analysts expect that Home Bancorp, Inc. will post 4.78 earnings per share for the current year.

Home Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Monday, February 9th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, February 9th. Home Bancorp’s dividend payout ratio (DPR) is presently 21.12%.

Insider Activity at Home Bancorp

In other news, Director Chris P. Rader purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average cost of $59.50 per share, for a total transaction of $29,750.00. Following the completion of the transaction, the director directly owned 17,714 shares of the company’s stock, valued at $1,053,983. This trade represents a 2.90% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.90% of the stock is currently owned by insiders.

Home Bancorp Profile

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.