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Home Bancorp's board OKs new share buyback plan

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Home Bancorp's board OKs new share buyback plan

Home Bancorp Inc.'s board approved a share buyback plan authorizing the Lafayette, La.-based company to purchase up to 470,000 shares, or about 5% of its outstanding common stock.

Repurchases under the 2019 plan may start upon the completion of the company's 2016 buyback plan. There are 41,011 shares remaining that may be repurchased under the 2016 plan, according to a news release.

Shares may be repurchased on the open market or in privately negotiated transactions.