Strs Ohio Sells 600 Shares of Home Bancorp, Inc. (NASDAQ:HBCP)

Strs Ohio lessened its holdings in Home Bancorp, Inc. (NASDAQ:HBCP) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,900 shares of the bank’s stock after selling 600 shares during the period. Strs Ohio owned about 0.17% of Home Bancorp worth $583,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Denali Advisors LLC grew its position in Home Bancorp by 17.7% in the fourth quarter. Denali Advisors LLC now owns 7,300 shares of the bank’s stock valued at $307,000 after acquiring an additional 1,100 shares during the last quarter. Steel Grove Capital Advisors LLC bought a new position in Home Bancorp in the fourth quarter valued at about $241,000. SG Americas Securities LLC bought a new position in Home Bancorp in the fourth quarter valued at about $164,000. Spire Wealth Management grew its position in Home Bancorp by 0.8% in the third quarter. Spire Wealth Management now owns 78,861 shares of the bank’s stock valued at $2,513,000 after acquiring an additional 639 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Home Bancorp in the third quarter valued at about $25,000. Institutional investors own 49.41% of the company’s stock.

Analyst Ratings Changes

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

Home Bancorp Stock Performance

NASDAQ:HBCP opened at $35.58 on Friday. The stock has a market cap of $289.98 million, a P/E ratio of 7.51 and a beta of 0.68. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average is $35.95 and its 200-day moving average is $37.36. Home Bancorp, Inc. has a 1-year low of $27.75 and a 1-year high of $44.00.

Home Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Monday, April 29th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, April 26th. Home Bancorp’s dividend payout ratio (DPR) is currently 21.10%.

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.