Acadian Asset Management LLC cut its position in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 35.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,586 shares of the bank’s stock after selling 11,990 shares during the period. Acadian Asset Management LLC owned approximately 0.23% of Home Bancorp worth $1,005,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. MetLife Investment Advisors LLC purchased a new stake in shares of Home Bancorp in the fourth quarter worth approximately $133,000. JPMorgan Chase & Co. raised its holdings in shares of Home Bancorp by 33.0% in the first quarter. JPMorgan Chase & Co. now owns 7,056 shares of the bank’s stock worth $305,000 after buying an additional 1,750 shares during the period. Macquarie Group Ltd. raised its holdings in shares of Home Bancorp by 1,692.9% in the fourth quarter. Macquarie Group Ltd. now owns 7,620 shares of the bank’s stock worth $329,000 after buying an additional 7,195 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Home Bancorp by 32.3% in the fourth quarter. Wells Fargo & Company MN now owns 8,916 shares of the bank’s stock worth $386,000 after buying an additional 2,175 shares during the period. Finally, Chicago Equity Partners LLC purchased a new stake in shares of Home Bancorp in the first quarter worth approximately $434,000. 38.97% of the stock is owned by institutional investors.
NASDAQ HBCP traded up $0.26 during midday trading on Friday, hitting $45.75. 9,400 shares of the company traded hands, compared to its average volume of 22,327. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $429.60 million, a PE ratio of 16.61 and a beta of 0.15. Home Bancorp, Inc. has a 52 week low of $34.12 and a 52 week high of $48.47.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 17th. Stockholders of record on Monday, August 6th were given a $0.19 dividend. This is a boost from Home Bancorp’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, August 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.66%. Home Bancorp’s dividend payout ratio (DPR) is presently 27.44%.
In other Home Bancorp news, Director Paul J. Blanchet III sold 1,000 shares of Home Bancorp stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $44.91, for a total transaction of $44,910.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael P. Maraist sold 3,000 shares of Home Bancorp stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $45.95, for a total value of $137,850.00. The disclosure for this sale can be found here. Company insiders own 13.20% of the company’s stock.
Several brokerages recently issued reports on HBCP. Zacks Investment Research raised Home Bancorp from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Tuesday, August 14th. BidaskClub raised Home Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st.
Home Bancorp Company Profile
Home Bancorp, Inc operates as the holding company for Home Bank, National Association that provides various banking products and services in Louisiana. It offers deposits products, including interest-bearing and noninterest-bearing checking, money market, savings, and certificates of deposit accounts.
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