Martingale Asset Management L P Has $632,000 Stock Holdings in Home Bancorp, Inc. (NASDAQ:HBCP)

Martingale Asset Management L P increased its stake in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,172 shares of the bank’s stock after purchasing an additional 400 shares during the quarter. Martingale Asset Management L P owned approximately 0.18% of Home Bancorp worth $632,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings in shares of Home Bancorp by 73.8% during the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock worth $106,000 after buying an additional 1,009 shares in the last quarter. SG Americas Securities LLC bought a new stake in Home Bancorp during the 3rd quarter worth $110,000. Summit Financial Wealth Advisors LLC raised its position in Home Bancorp by 12.6% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,374 shares of the bank’s stock valued at $1,042,000 after purchasing an additional 2,622 shares during the last quarter. De Lisle Partners LLP raised its position in Home Bancorp by 36.1% in the third quarter. De Lisle Partners LLP now owns 24,985 shares of the bank’s stock valued at $1,114,000 after purchasing an additional 6,626 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Home Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 29,963 shares of the bank’s stock worth $1,336,000 after purchasing an additional 1,474 shares during the last quarter. Institutional investors own 49.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com downgraded Home Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Raymond James upgraded shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Monday, October 21st. Finally, Hovde Group lowered Home Bancorp from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $53.00 to $54.50 in a research report on Tuesday, November 12th.

Home Bancorp Stock Performance

NASDAQ:HBCP opened at $51.09 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. Home Bancorp, Inc. has a fifty-two week low of $33.30 and a fifty-two week high of $52.39. The company has a 50 day simple moving average of $46.60 and a two-hundred day simple moving average of $42.47. The company has a market capitalization of $412.81 million, a PE ratio of 11.33 and a beta of 0.68.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.21. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%. The company had revenue of $34.07 million during the quarter, compared to analysts’ expectations of $33.10 million. Research analysts anticipate that Home Bancorp, Inc. will post 4.48 earnings per share for the current year.

Home Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were issued a dividend of $0.26 per share. This is an increase from Home Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Monday, October 28th. Home Bancorp’s dividend payout ratio (DPR) is presently 23.06%.

Home Bancorp Company 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.