Maltese Capital Management LLC Sells 20,398 Shares of Home Bancorp, Inc. $HBCP

Maltese Capital Management LLC trimmed its stake in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 35.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,802 shares of the bank’s stock after selling 20,398 shares during the quarter. Maltese Capital Management LLC’s holdings in Home Bancorp were worth $2,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Squarepoint Ops LLC acquired a new position in shares of Home Bancorp in the 4th quarter worth approximately $381,000. Mariner LLC acquired a new stake in Home Bancorp in the 4th quarter valued at $211,000. Barclays PLC grew its position in Home Bancorp by 11.1% in the fourth quarter. Barclays PLC now owns 10,644 shares of the bank’s stock valued at $615,000 after acquiring an additional 1,061 shares during the period. Ieq Capital LLC raised its stake in Home Bancorp by 26.3% during the fourth quarter. Ieq Capital LLC now owns 8,110 shares of the bank’s stock worth $469,000 after acquiring an additional 1,687 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Home Bancorp by 30.6% during the fourth quarter. Wells Fargo & Company MN now owns 10,692 shares of the bank’s stock worth $618,000 after acquiring an additional 2,504 shares in the last quarter. 49.41% of the stock is currently owned by institutional investors.

Home Bancorp Stock Down 2.2%

Shares of HBCP opened at $66.56 on Tuesday. The business’s fifty day moving average price is $64.18 and its two-hundred day moving average price is $61.30. The firm has a market capitalization of $521.83 million, a price-to-earnings ratio of 11.19 and a beta of 0.50. Home Bancorp, Inc. has a 52 week low of $48.29 and a 52 week high of $68.65. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 0.98.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Monday, April 20th. The bank reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.The company had revenue of $38.22 million during the quarter, compared to the consensus estimate of $33.63 million. During the same quarter in the previous year, the company posted $1.37 earnings per share. On average, analysts predict that Home Bancorp, Inc. will post 5.98 earnings per share for the current year.

Home Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, May 4th. Home Bancorp’s payout ratio is currently 20.84%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Hovde Group increased their target price on shares of Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a research report on Wednesday, April 22nd. Piper Sandler downgraded shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price target for the company. in a report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded shares of Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.50.

Insider Buying and Selling at Home Bancorp

In other news, Director Daniel G. Guidry sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $64.50, for a total value of $64,500.00. Following the transaction, the director owned 64,019 shares of the company’s stock, valued at approximately $4,129,225.50. This trade represents a 1.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darren E. Guidry sold 1,600 shares of Home Bancorp stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $62.78, for a total transaction of $100,448.00. Following the sale, the executive vice president owned 18,530 shares of the company’s stock, valued at approximately $1,163,313.40. This represents a 7.95% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 5,653 shares of company stock valued at $359,063. 6.20% of the stock is currently owned by company insiders.

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.