Cullen Investment Group LTD. Grows Position in Home Bancorp, Inc. (NASDAQ:HBCP)

Cullen Investment Group LTD. lifted its position in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 13.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,766 shares of the bank’s stock after buying an additional 3,086 shares during the period. Cullen Investment Group LTD. owned approximately 0.33% of Home Bancorp worth $1,237,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in Home Bancorp by 73.8% in the third 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. SG Americas Securities LLC acquired a new position in shares of Home Bancorp during the third quarter worth about $110,000. Barclays PLC grew its stake in shares of Home Bancorp by 287.9% in the third quarter. Barclays PLC now owns 9,142 shares of the bank’s stock valued at $407,000 after buying an additional 6,785 shares in the last quarter. Martingale Asset Management L P lifted its position in Home Bancorp by 2.9% during the 3rd quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock worth $632,000 after acquiring an additional 400 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Home Bancorp by 136.2% during the third quarter. JPMorgan Chase & Co. now owns 14,668 shares of the bank’s stock valued at $654,000 after purchasing an additional 8,459 shares during the period. Hedge funds and other institutional investors own 49.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HBCP. Raymond James raised Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Monday, October 21st. Hovde Group lowered shares of Home Bancorp from an “outperform” rating to a “market perform” rating and upped their target price for the company from $53.00 to $54.50 in a research note on Tuesday, November 12th. Finally, StockNews.com upgraded Home Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday.

Home Bancorp Stock Up 1.8 %

HBCP stock opened at $43.09 on Tuesday. Home Bancorp, Inc. has a 52 week low of $33.30 and a 52 week high of $52.39. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $347.99 million, a price-to-earnings ratio of 9.55 and a beta of 0.71. The firm’s 50-day moving average is $48.13 and its two-hundred day moving average is $44.59.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.21. The company had revenue of $34.07 million for the quarter, compared to the consensus estimate of $33.10 million. Home Bancorp had a return on equity of 9.58% and a net margin of 18.55%. On average, analysts forecast that Home Bancorp, Inc. will post 4.48 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.41%. This is a boost from Home Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, October 28th. Home Bancorp’s payout ratio is presently 23.06%.

About Home Bancorp

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.