Crawford Fund Management LLC Raises Position in Home Bancorp, Inc. (NASDAQ:HBCP)

Crawford Fund Management LLC raised its holdings in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 48.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,247 shares of the bank’s stock after purchasing an additional 29,722 shares during the period. Home Bancorp accounts for 0.9% of Crawford Fund Management LLC’s portfolio, making the stock its 19th largest position. Crawford Fund Management LLC owned approximately 1.13% of Home Bancorp worth $4,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BNP Paribas Financial Markets increased its stake in shares of Home Bancorp by 73.8% during the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after purchasing an additional 1,009 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Home Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 29,963 shares of the bank’s stock valued at $1,336,000 after purchasing an additional 1,474 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Home Bancorp during the third quarter valued at approximately $110,000. Summit Financial Wealth Advisors LLC increased its stake in shares of Home Bancorp by 12.6% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,374 shares of the bank’s stock valued at $1,042,000 after purchasing an additional 2,622 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Home Bancorp by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock valued at $1,438,000 after acquiring an additional 2,672 shares in the last quarter. Institutional investors own 49.41% of the company’s stock.

Wall Street Analyst Weigh In

HBCP has been the subject of several analyst reports. StockNews.com downgraded shares of Home Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Hovde Group downgraded shares of Home Bancorp from an “outperform” rating to a “market perform” rating and raised their price target for the company from $53.00 to $54.50 in a research report on Tuesday, November 12th. Finally, Raymond James raised shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Monday, October 21st.

Home Bancorp Trading Down 0.7 %

NASDAQ:HBCP opened at $50.78 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. Home Bancorp, Inc. has a 12 month low of $33.30 and a 12 month high of $52.39. The company has a market cap of $410.30 million, a PE ratio of 11.26 and a beta of 0.68. The company has a 50 day simple moving average of $46.30 and a two-hundred day simple moving average of $42.22.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Thursday, October 17th. The bank reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.21. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%. The business had revenue of $34.07 million during the quarter, compared to the consensus estimate of $33.10 million. Research analysts forecast that Home Bancorp, Inc. will post 4.48 earnings per share for the current year.

Home Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Monday, October 28th. This is an increase from Home Bancorp’s previous quarterly dividend of $0.25. Home Bancorp’s payout ratio is 23.06%.

About Home Bancorp

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.