Short Interest in Home Bancorp, Inc. (NASDAQ:HBCP) Decreases By 9.2%

Home Bancorp, Inc. (NASDAQ:HBCP) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 25,700 shares, a decrease of 9.2% from the March 31st total of 28,300 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 11,700 shares, the days-to-cover ratio is currently 2.2 days.

Home Bancorp Stock Down 1.6 %

Shares of HBCP stock opened at $35.00 on Wednesday. The stock’s fifty day moving average price is $35.86 and its 200 day moving average price is $37.46. Home Bancorp has a 1-year low of $27.75 and a 1-year high of $44.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $285.25 million, a price-to-earnings ratio of 7.38 and a beta of 0.68.

Home Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Monday, April 29th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 26th. This represents a $1.00 dividend on an annualized basis and a yield of 2.86%. Home Bancorp’s dividend payout ratio is currently 21.10%.

Analysts Set New Price Targets

Separately, Piper Sandler cut Home Bancorp from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $40.00 to $43.00 in a research report on Wednesday, January 24th.

Hedge Funds Weigh In On Home Bancorp

Hedge funds have recently made changes to their positions in the company. Cullen Investment Group LTD. acquired a new stake in shares of Home Bancorp in the fourth quarter valued at approximately $1,206,000. Steel Grove Capital Advisors LLC purchased a new position in Home Bancorp in the fourth quarter valued at $241,000. BCM Advisors LLC purchased a new position in Home Bancorp in the fourth quarter valued at $225,000. SG Americas Securities LLC purchased a new stake in Home Bancorp during the 4th quarter worth about $164,000. Finally, Denali Advisors LLC lifted its holdings in Home Bancorp by 17.7% during the 4th quarter. Denali Advisors LLC now owns 7,300 shares of the bank’s stock worth $307,000 after buying an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 49.41% of the company’s stock.

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.