Short Interest in Home Bancorp, Inc. (NASDAQ:HBCP) Declines By 7.9%

Home Bancorp, Inc. (NASDAQ:HBCP) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 39,600 shares, a decrease of 7.9% from the November 15th total of 43,000 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 18,600 shares, the days-to-cover ratio is presently 2.1 days.

Home Bancorp Trading Down 1.1 %

Shares of NASDAQ:HBCP opened at $48.80 on Tuesday. The company has a market capitalization of $394.11 million, a PE ratio of 10.94 and a beta of 0.70. Home Bancorp has a 12-month low of $33.30 and a 12-month high of $52.39. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The business’s fifty day simple moving average is $48.08 and its 200-day simple moving average is $43.38.

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 analysts’ consensus estimates of $0.97 by $0.21. The firm had revenue of $34.07 million during the quarter, compared to analysts’ expectations of $33.10 million. Home Bancorp had a return on equity of 9.58% and a net margin of 18.55%. As a group, equities research analysts predict that Home Bancorp will post 4.48 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were issued a $0.26 dividend. This is an increase from Home Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, October 28th. Home Bancorp’s dividend payout ratio is 23.06%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its stake in shares of Home Bancorp by 73.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after buying an additional 1,009 shares during the last quarter. SG Americas Securities LLC purchased a new position in Home Bancorp during the third quarter valued at approximately $110,000. Barclays PLC lifted its holdings in Home Bancorp by 287.9% in the third quarter. Barclays PLC now owns 9,142 shares of the bank’s stock valued at $407,000 after acquiring an additional 6,785 shares during the period. Martingale Asset Management L P boosted its position in Home Bancorp by 2.9% in the 3rd quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock worth $632,000 after purchasing an additional 400 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC grew its stake in shares of Home Bancorp by 12.6% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,374 shares of the bank’s stock worth $1,042,000 after purchasing an additional 2,622 shares during the period. Hedge funds and other institutional investors own 49.41% of the company’s stock.

Analysts Set New Price Targets

HBCP has been the topic of several research reports. 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 research report on Monday, October 21st. StockNews.com downgraded Home Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Hovde Group downgraded Home Bancorp from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $53.00 to $54.50 in a research report on Tuesday, November 12th.

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.