Home Bancorp, Inc. (NASDAQ:HBCP) Short Interest Up 11.8% in November

Home Bancorp, Inc. (NASDAQ:HBCP) was the target of a significant increase in short interest in the month of November. As of November 29th, there was short interest totalling 64,600 shares, an increase of 11.8% from the November 14th total of 57,800 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily volume of 15,600 shares, the short-interest ratio is currently 4.1 days.

HBCP has been the subject of a number of research reports. Zacks Investment Research raised Home Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, December 2nd. DA Davidson initiated coverage on Home Bancorp in a research report on Thursday. They set a “neutral” rating and a $41.50 price target for the company. Finally, BidaskClub downgraded Home Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Home Bancorp has a consensus rating of “Hold” and a consensus target price of $40.83.

HBCP stock traded up $0.18 during trading on Friday, reaching $39.68. 9,261 shares of the stock traded hands, compared to its average volume of 12,057. The business’s 50 day moving average price is $38.80 and its 200-day moving average price is $37.68. Home Bancorp has a 52-week low of $33.20 and a 52-week high of $40.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $366.39 million, a PE ratio of 11.15 and a beta of 0.38.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.02). Home Bancorp had a net margin of 25.17% and a return on equity of 9.58%. The firm had revenue of $25.92 million for the quarter, compared to analysts’ expectations of $25.16 million. On average, equities research analysts predict that Home Bancorp will post 3.07 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Thursday, November 7th. Home Bancorp’s dividend payout ratio (DPR) is presently 24.72%.

In other Home Bancorp news, Director Chris P. Rader acquired 875 shares of the stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average price of $38.40 per share, with a total value of $33,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.40% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of HBCP. Zebra Capital Management LLC purchased a new stake in shares of Home Bancorp in the third quarter worth about $203,000. First Trust Advisors LP boosted its position in shares of Home Bancorp by 22.7% in the third quarter. First Trust Advisors LP now owns 15,578 shares of the bank’s stock worth $607,000 after buying an additional 2,885 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Home Bancorp by 24.8% in the third quarter. Russell Investments Group Ltd. now owns 5,629 shares of the bank’s stock worth $220,000 after buying an additional 1,118 shares during the period. California Public Employees Retirement System boosted its position in shares of Home Bancorp by 11.6% in the third quarter. California Public Employees Retirement System now owns 23,093 shares of the bank’s stock worth $900,000 after buying an additional 2,400 shares during the period. Finally, Usca Ria LLC purchased a new stake in shares of Home Bancorp in the third quarter worth about $156,000. 39.28% of the stock is owned by hedge funds and other institutional investors.

Home Bancorp Company Profile

Home Bancorp, Inc operates as the holding company for Home Bank, National Association that provides various banking products and services in Louisiana. It offers deposits products, including interest-bearing and noninterest-bearing checking, money market, savings, and certificates of deposit accounts.

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