LAFAYETTE, La., June 27, 2016 /PRNewswire/ -- Home Bancorp, Inc. (Nasdaq: "HBCP") (the "Company"), the parent company for Home Bank (www.home24bank.com), a national bank headquartered in Lafayette, Louisiana (the "Bank"), was recently named to the Russell 3000® Index, which measures the performance of the 3,000 largest US-traded stocks based on market capitalization. Russell US Indexes, including the Russell 3000®, are the leading US 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 ("IPO") 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.
About Home Bancorp
Home Bancorp, Inc. is the parent company for Home Bank, a national bank headquartered in Lafayette, La. Home Bank, founded in 1908 as Home Building & Loan, is the oldest financial institution founded in Lafayette Parish.
With 29 locations across South Louisiana and Western Mississippi, Home Bank is committed to serving the needs of its communities. Personal banking has always been Home Bank's trademark and that tradition continues as we grow, invest and serve our clients and community. For more information about Home Bank, visit www.home24bank.com.
This news release contains certain forward‑looking statements. Forward‑looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could" or "may."
Forward‑looking statements, by their nature, are subject to risks and uncertainties. A number of factors ‑ many of which are beyond our control ‑ could cause actual conditions, events or results to differ significantly from those described in the forward‑looking statements. Home Bancorp's Annual Report on Form 10-K for the year ended December 31, 2015, describes some of these factors, including risk elements in the loan portfolio, the level of the allowance for losses on loans, risks of our growth strategy, geographic concentration of our business, dependence on our management team, risks of market rates of interest and of regulation on our business and risks of competition. Forward‑looking statements speak only as of the date they are made. We do not undertake to update forward‑looking statements to reflect circumstances or events that occur after the date the forward‑looking statements are made or to reflect the occurrence of unanticipated events.
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SOURCE Home Bancorp, Inc.