Corebridge Financial Inc. Has $162,000 Position in Home Bancorp, Inc. (NASDAQ:HBCP)

Corebridge Financial Inc. trimmed its stake in Home Bancorp, Inc. (NASDAQ:HBCP) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,503 shares of the bank’s stock after selling 263 shares during the quarter. Corebridge Financial Inc.’s holdings in Home Bancorp were worth $162,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in shares of Home Bancorp by 73.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after buying an additional 1,009 shares during the period. State Street Corp grew its stake in Home Bancorp by 1.5% in the third quarter. State Street Corp now owns 156,752 shares of the bank’s stock valued at $6,988,000 after acquiring an additional 2,269 shares during the period. Barclays PLC increased its holdings in shares of Home Bancorp by 287.9% during the third quarter. Barclays PLC now owns 9,142 shares of the bank’s stock valued at $407,000 after acquiring an additional 6,785 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Home Bancorp by 1.2% during the third quarter. Geode Capital Management LLC now owns 162,727 shares of the bank’s stock worth $7,256,000 after purchasing an additional 1,874 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Home Bancorp by 136.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,668 shares of the bank’s stock worth $654,000 after purchasing an additional 8,459 shares in the last quarter. 49.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com lowered shares of Home Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Piper Sandler began coverage on shares of Home Bancorp in a research report on Friday, February 21st. They set an “overweight” rating and a $60.00 target price for the company.

Home Bancorp Trading Down 1.3 %

Shares of Home Bancorp stock opened at $41.61 on Monday. The company has a market capitalization of $333.75 million, a P/E ratio of 9.15 and a beta of 0.55. The stock has a fifty day simple moving average of $46.17 and a 200 day simple moving average of $46.76. Home Bancorp, Inc. has a 12-month low of $33.30 and a 12-month high of $52.77. 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 (NASDAQ:HBCP) last posted its earnings results on Monday, January 27th. The bank reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.07. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. During the same period last year, the business posted $1.17 earnings per share. On average, sell-side analysts anticipate that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a $0.27 dividend. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, February 10th. This represents a $1.08 annualized dividend and a yield of 2.60%. Home Bancorp’s dividend payout ratio (DPR) is 23.74%.

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.