Kennedy Capital Management Inc. trimmed its holdings in Home Bancorp, Inc. (NASDAQ:HBCP) by 4.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,415 shares of the bank’s stock after selling 2,255 shares during the quarter. Kennedy Capital Management Inc. owned about 0.60% of Home Bancorp worth $1,889,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. LSV Asset Management raised its holdings in shares of Home Bancorp by 4.0% in the second quarter. LSV Asset Management now owns 9,185 shares of the bank’s stock valued at $390,000 after buying an additional 357 shares during the last quarter. Chicago Equity Partners LLC bought a new position in shares of Home Bancorp in the second quarter valued at about $752,000. Bank of New York Mellon Corp raised its holdings in shares of Home Bancorp by 7.9% in the second quarter. Bank of New York Mellon Corp now owns 31,391 shares of the bank’s stock valued at $1,334,000 after buying an additional 2,290 shares during the last quarter. Rhumbline Advisers bought a new position in shares of Home Bancorp in the second quarter valued at about $277,000. Finally, First Trust Advisors LP bought a new position in shares of Home Bancorp in the second quarter valued at about $687,000. 42.96% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on HBCP shares. Zacks Investment Research raised Home Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Monday, June 19th. Raymond James Financial, Inc. cut Home Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 26th. BidaskClub cut Home Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, UBS AG cut Home Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 26th.
Shares of Home Bancorp, Inc. (HBCP) opened at 42.34 on Wednesday. The firm’s 50-day moving average price is $40.22 and its 200 day moving average price is $37.97. Home Bancorp, Inc. has a one year low of $27.00 and a one year high of $47.20. The company has a market capitalization of $313.40 million, a PE ratio of 16.80 and a beta of 0.12.
Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Tuesday, July 25th. The bank reported $0.66 EPS for the quarter, beating the consensus estimate of $0.62 by $0.04. The firm had revenue of $18.06 million during the quarter, compared to the consensus estimate of $18.32 million. Home Bancorp had a return on equity of 9.95% and a net margin of 23.05%. Analysts anticipate that Home Bancorp, Inc. will post $2.57 earnings per share for the current year.
About Home Bancorp
Home Bancorp, Inc is a bank holding company for Home Bank, N.A. (the Bank). The Bank conducts business through banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi.
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