Short Interest in Home Bancorp, Inc. (NASDAQ:HBCP) Declines By 9.2%

Home Bancorp, Inc. (NASDAQ:HBCP) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 25,700 shares, a decline of 9.2% from the March 31st total of 28,300 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 11,700 shares, the days-to-cover ratio is presently 2.2 days.

Wall Street Analysts Forecast Growth

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

Home Bancorp Stock Down 0.0 %

Shares of Home Bancorp stock traded down $0.01 on Monday, reaching $35.57. 6,673 shares of the company were exchanged, compared to its average volume of 11,512. Home Bancorp has a 1-year low of $27.75 and a 1-year high of $44.00. The company has a market cap of $289.90 million, a P/E ratio of 7.50 and a beta of 0.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s 50 day moving average price is $35.95 and its 200-day moving average price is $37.42.

Home Bancorp Dividend Announcement

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 yield of 2.81%. The ex-dividend date is Friday, April 26th. Home Bancorp’s dividend payout ratio (DPR) is 21.10%.

Institutional Investors Weigh In On Home Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management raised its stake in shares of Home Bancorp by 0.7% during the first quarter. Spire Wealth Management now owns 79,922 shares of the bank’s stock worth $3,062,000 after purchasing an additional 525 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Home Bancorp by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 56,629 shares of the bank’s stock worth $1,805,000 after purchasing an additional 425 shares during the last quarter. Cullen Investment Group LTD. raised its stake in shares of Home Bancorp by 12.0% during the first quarter. Cullen Investment Group LTD. now owns 32,151 shares of the bank’s stock worth $1,183,000 after purchasing an additional 3,454 shares during the last quarter. Denali Advisors LLC raised its stake 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 worth $307,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Steel Grove Capital Advisors LLC purchased a new stake in shares of Home Bancorp during the fourth quarter worth approximately $241,000. Hedge funds and other institutional investors own 49.41% of the company’s stock.

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.