Home Bancorp, Inc. (NASDAQ:HBCP) Short Interest Update

01 Jan 2025, 11:07 by Scott Moore · The Cerbat Gem

Home Bancorp, Inc. (NASDAQ:HBCP – Get Free Report) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 35,200 shares, a decline of 11.1% from the November 30th total of 39,600 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 19,300 shares, the short-interest ratio is currently 1.8 days.

Analysts Set New Price Targets

A number of research firms recently commented on HBCP. Raymond James raised 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 report on Monday, October 21st. StockNews.com downgraded Home Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Hovde Group downgraded shares of Home Bancorp from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $53.00 to $54.50 in a report on Tuesday, November 12th.

View Our Latest Stock Report on HBCP

Home Bancorp Stock Performance

Shares of NASDAQ:HBCP traded up $0.24 during trading on Wednesday, hitting $46.21. 13,299 shares of the company were exchanged, compared to its average volume of 15,599. Home Bancorp has a 52-week low of $33.30 and a 52-week high of $52.39. The stock has a 50 day moving average of $48.57 and a 200 day moving average of $44.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $373.19 million, a PE ratio of 10.25 and a beta of 0.70.

Home Bancorp (NASDAQ:HBCP – Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.21. The business had revenue of $34.07 million for 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 EPS for the current year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, October 28th. This represents a $1.04 annualized dividend and a yield of 2.25%. This is a boost from Home Bancorp’s previous quarterly dividend of $0.25. Home Bancorp’s payout ratio is currently 23.06%.

Institutional Trading of Home Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in shares of Home Bancorp by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock worth $1,438,000 after purchasing an additional 2,672 shares during the period. Dimensional Fund Advisors LP increased its stake in Home Bancorp by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank’s stock worth $15,938,000 after acquiring an additional 8,219 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Home Bancorp by 120.9% in the 2nd quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock valued at $5,615,000 after acquiring an additional 76,812 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Home Bancorp during the 3rd quarter valued at about $110,000. Finally, Montz Harcus Wealth Management LLC bought a new stake in shares of Home Bancorp during the 3rd quarter valued at about $1,598,000. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

About Home Bancorp

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