Pacific Ridge Capital Partners LLC Boosts Stake in Home Bancorp, Inc. (NASDAQ:HBCP)

Pacific Ridge Capital Partners LLC lifted its position in Home Bancorp, Inc. (NASDAQ:HBCP) by 72.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,962 shares of the bank’s stock after purchasing an additional 30,681 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 0.90% of Home Bancorp worth $3,372,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HBCP. Geode Capital Management LLC boosted its holdings in shares of Home Bancorp by 1.2% in the third quarter. Geode Capital Management LLC now owns 162,727 shares of the bank’s stock valued at $7,256,000 after acquiring an additional 1,874 shares during the period. State Street Corp raised its position in Home Bancorp by 1.5% in the 3rd quarter. State Street Corp now owns 156,752 shares of the bank’s stock valued at $6,988,000 after purchasing an additional 2,269 shares during the last quarter. Crawford Fund Management LLC raised its position in Home Bancorp by 48.3% in the 3rd quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank’s stock valued at $4,068,000 after purchasing an additional 29,722 shares during the last quarter. American Century Companies Inc. boosted its stake in Home Bancorp by 49.8% during the 4th quarter. American Century Companies Inc. now owns 77,068 shares of the bank’s stock worth $3,561,000 after purchasing an additional 25,617 shares during the period. Finally, Empowered Funds LLC grew its position in Home Bancorp by 5.0% during the 4th quarter. Empowered Funds LLC now owns 31,448 shares of the bank’s stock worth $1,453,000 after purchasing an additional 1,485 shares during the last quarter. Hedge funds and other institutional investors own 49.41% of the company’s stock.

Home Bancorp Stock Performance

Shares of HBCP opened at $46.06 on Thursday. The stock has a market capitalization of $372.99 million, a P/E ratio of 10.12 and a beta of 0.72. 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 1 year low of $33.30 and a 1 year high of $52.77. The company’s fifty day moving average is $47.55 and its two-hundred day moving average is $46.71.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Monday, January 27th. The bank reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.07. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. During the same period in the prior year, the business earned $1.17 EPS. On average, sell-side analysts predict that Home Bancorp, Inc. will post 4.78 earnings per share for the current year.

Home Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were given a dividend of $0.27 per share. This is a boost from Home Bancorp’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, February 10th. This represents a $1.08 annualized dividend and a yield of 2.34%. Home Bancorp’s payout ratio is presently 23.74%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HBCP. Piper Sandler initiated coverage on shares of Home Bancorp in a report on Friday, February 21st. They issued an “overweight” rating and a $60.00 target price for the company. StockNews.com downgraded Home Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, March 21st.

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.