Home Bancorp Named To Russell 3000 Index
NEW ORLEANS – Home Bancorp, Inc. (Nasdaq: “HBCP”), the parent company for Home Bank, a national bank headquartered in Lafayette, LA, was recently named to the Russell 3000® Index, which measures the performance of the 3,000 largest U.S.-traded stocks based on market capitalization. Russell U.S. Indexes, including the Russell 3000®, are the leading U.S. equity benchmarks for institutional investors.
“We are honored to be included in the Russell 3000 Index,” stated John W. Bordelon, President and Chief Executive Officer of the Company and the Bank. “We owe our success to the dedicated work of our employees, the loyalty of our customers and the commitment of our shareholders.”
“As the banking landscape continues to evolve,” added Bordelon, “we remain fully committed to investing in and serving our employees, customers and communities.”
Since completing its initial public offering in October 2008, Home Bancorp’s stock price has increased from $10 per share to $24.99 per share as of the close on June 27, 2016. Home Bancorp’s market capitalization is currently $181.4M. The Company also pays a quarterly cash dividend, which totaled $0.10 per share in May 2016.
Home Bank, founded in 1908 as Home Building & Loan, is the oldest financial institution founded in Lafayette Parish.
Home Bank has 29 locations across South Louisiana and Western Mississippi.