Renaissance Technologies LLC Decreases Stock Holdings in Home Bancorp, Inc. $HBCP

Renaissance Technologies LLC reduced its holdings in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 7.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 91,473 shares of the bank’s stock after selling 7,600 shares during the period. Renaissance Technologies LLC’s holdings in Home Bancorp were worth $5,541,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HBCP. PDT Partners LLC raised its stake in shares of Home Bancorp by 3.7% in the 2nd quarter. PDT Partners LLC now owns 6,798 shares of the bank’s stock valued at $352,000 after acquiring an additional 245 shares during the period. Rhumbline Advisers boosted its position in Home Bancorp by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 10,705 shares of the bank’s stock worth $554,000 after purchasing an additional 250 shares during the period. NewEdge Advisors LLC boosted its position in Home Bancorp by 0.4% during the 4th quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock worth $6,144,000 after purchasing an additional 382 shares during the period. Royal Bank of Canada increased its holdings in Home Bancorp by 11.8% in the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock valued at $258,000 after purchasing an additional 607 shares in the last quarter. Finally, BCM Advisors LLC increased its holdings in Home Bancorp by 11.2% in the 1st quarter. BCM Advisors LLC now owns 6,223 shares of the bank’s stock valued at $396,000 after purchasing an additional 628 shares in the last quarter. Institutional investors and hedge funds own 49.41% of the company’s stock.

Insider Activity

In other news, CFO David T. Kirkley sold 655 shares of Home Bancorp stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $62.80, for a total transaction of $41,134.00. Following the sale, the chief financial officer directly owned 5,064 shares of the company’s stock, valued at approximately $318,019.20. The trade was a 11.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John J. Iv Zollinger sold 867 shares of Home Bancorp stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $62.77, for a total value of $54,421.59. Following the sale, the executive vice president directly owned 7,643 shares in the company, valued at approximately $479,751.11. The trade was a 10.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,742 shares of company stock worth $238,985 over the last ninety days. Corporate insiders own 6.20% of the company’s stock.

Wall Street Analysts Forecast Growth

HBCP has been the topic of a number of recent research reports. Hovde Group boosted their price objective on Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a research note on Wednesday, April 22nd. Weiss Ratings reiterated a “buy (a-)” rating on shares of Home Bancorp in a research note on Friday, July 31st. Piper Sandler downgraded Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 target price on the stock. in a report on Wednesday, April 22nd. Finally, Raymond James Financial reiterated an “outperform” rating and set a $74.00 target price on shares of Home Bancorp in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, one has given 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 an average target price of $69.50.

Home Bancorp Price Performance

Shares of HBCP stock opened at $72.08 on Thursday. The company has a market capitalization of $565.11 million, a PE ratio of 12.05 and a beta of 0.50. The firm has a fifty day simple moving average of $68.18 and a 200-day simple moving average of $64.01. The company has a current ratio of 0.97, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. Home Bancorp, Inc. has a twelve month low of $49.49 and a twelve month high of $72.90.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings results on Monday, July 20th. The bank reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Home Bancorp had a net margin of 22.23% and a return on equity of 10.65%. The business had revenue of $39.72 million during the quarter, compared to analyst estimates of $38.57 million. Equities research analysts anticipate that Home Bancorp, Inc. will post 5.98 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.32 per share. This is a boost from Home Bancorp’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, August 3rd. Home Bancorp’s payout ratio is 21.40%.

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.