Susquehanna Fundamental Investments LLC Purchases New Holdings in Home Bancorp, Inc. $HBCP

Susquehanna Fundamental Investments LLC acquired a new position in Home Bancorp, Inc. (NASDAQ:HBCP) in the 2nd quarter, HoldingsChannel reports. The fund acquired 9,412 shares of the bank’s stock, valued at approximately $645,000.

Several other large investors have also modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in shares of Home Bancorp by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 429,581 shares of the bank’s stock valued at $26,024,000 after buying an additional 7,792 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Home Bancorp by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 375,209 shares of the bank’s stock worth $20,383,000 after acquiring an additional 3,760 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Home Bancorp by 64.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock valued at $6,468,000 after acquiring an additional 46,546 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in Home Bancorp by 2.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 110,496 shares of the bank’s stock valued at $6,387,000 after acquiring an additional 2,182 shares during the period. Finally, NewEdge Advisors LLC grew its position in Home Bancorp by 0.4% in the 4th quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock valued at $6,144,000 after acquiring an additional 382 shares during the last quarter. Hedge funds and other institutional investors own 49.41% of the company’s stock.

Insider Transactions at Home Bancorp

In other news, EVP John J. Iv Zollinger sold 750 shares of Home Bancorp stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $71.68, for a total value of $53,760.00. Following the transaction, the executive vice president directly owned 7,643 shares in the company, valued at approximately $547,850.24. This trade represents a 8.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HBCP shares. Raymond James Financial reissued an “outperform” rating and issued a $74.00 price objective on shares of Home Bancorp in a research report on Wednesday, July 22nd. Weiss Ratings reissued a “buy (a-)” rating on shares of Home Bancorp in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

Home Bancorp Trading Up 2.0%

NASDAQ:HBCP opened at $69.34 on Thursday. The firm has a 50-day simple moving average of $69.93 and a 200-day simple moving average of $65.32. Home Bancorp, Inc. has a one year low of $50.54 and a one year high of $74.50. The firm has a market cap of $543.83 million, a P/E ratio of 11.60 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.97 and a current ratio of 0.97.

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

Home Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.32 per share. This is an increase from Home Bancorp’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, August 3rd. Home Bancorp’s dividend payout ratio (DPR) is currently 21.40%.

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.