GAMMA Investing LLC Buys New Holdings in Home Bancorp, Inc. (NASDAQ:HBCP)

GAMMA Investing LLC purchased a new position in Home Bancorp, Inc. (NASDAQ:HBCPFree Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 970 shares of the bank’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its holdings in shares of Home Bancorp by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 56,629 shares of the bank’s stock worth $1,805,000 after buying an additional 425 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of Home Bancorp by 0.8% during the 3rd quarter. Spire Wealth Management now owns 78,861 shares of the bank’s stock valued at $2,513,000 after purchasing an additional 639 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Home Bancorp during the 3rd quarter valued at about $25,000. Denali Advisors LLC grew its position in shares of Home Bancorp by 17.7% during the fourth quarter. Denali Advisors LLC now owns 7,300 shares of the bank’s stock valued at $307,000 after purchasing an additional 1,100 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Home Bancorp in the fourth quarter worth about $164,000. 49.41% of the stock is currently owned by institutional investors.

Home Bancorp Price Performance

HBCP stock opened at $36.95 on Friday. Home Bancorp, Inc. has a 52 week low of $27.75 and a 52 week high of $44.00. The firm has a market capitalization of $301.14 million, a P/E ratio of 7.80 and a beta of 0.68. The company has a fifty day simple moving average of $35.85 and a two-hundred day simple moving average of $37.51. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.26.

Home Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Monday, April 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Friday, April 26th. Home Bancorp’s payout ratio is 21.10%.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on Home Bancorp

Home Bancorp Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Home Bancorp (NASDAQ:HBCP)

Receive News & Ratings for Home Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.