Home Bancorp, Inc. (NASDAQ:HBCP) Shares Sold by Montz Harcus Wealth Management LLC

Montz Harcus Wealth Management LLC cut its position in Home Bancorp, Inc. (NASDAQ:HBCP) by 18.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,100 shares of the bank’s stock after selling 6,750 shares during the quarter. Home Bancorp accounts for 0.8% of Montz Harcus Wealth Management LLC’s portfolio, making the stock its 21st largest position. Montz Harcus Wealth Management LLC’s holdings in Home Bancorp were worth $1,345,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its position in Home Bancorp by 5.0% in the 4th quarter. Empowered Funds LLC now owns 31,448 shares of the bank’s stock worth $1,453,000 after purchasing an additional 1,485 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Home Bancorp in the 4th quarter worth approximately $449,000. SG Americas Securities LLC lifted its position in shares of Home Bancorp by 27.2% in the fourth quarter. SG Americas Securities LLC now owns 3,125 shares of the bank’s stock worth $144,000 after purchasing an additional 668 shares in the last quarter. Cullen Investment Group LTD. raised its holdings in shares of Home Bancorp by 13.0% during the fourth quarter. Cullen Investment Group LTD. now owns 26,766 shares of the bank’s stock worth $1,237,000 after acquiring an additional 3,086 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Home Bancorp by 136.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,668 shares of the bank’s stock valued at $654,000 after buying an additional 8,459 shares in the last quarter. 49.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on HBCP. Raymond James upgraded shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Monday, October 21st. StockNews.com cut Home Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Hovde Group downgraded Home Bancorp from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $53.00 to $54.50 in a report on Tuesday, November 12th.

Home Bancorp Trading Up 0.5 %

Shares of NASDAQ:HBCP opened at $50.87 on Wednesday. Home Bancorp, Inc. has a 52-week low of $33.30 and a 52-week high of $52.77. The company has a market capitalization of $411.03 million, a P/E ratio of 11.18 and a beta of 0.71. The company has a 50-day simple moving average of $47.68 and a 200 day simple moving average of $45.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings results on Monday, January 27th. The bank reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.07. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same period last year, the business posted $1.17 EPS. Sell-side analysts forecast that Home Bancorp, Inc. will post 4.78 earnings per share for the current year.

Home Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Monday, February 10th will be paid a $0.27 dividend. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Monday, February 10th. Home Bancorp’s payout ratio is currently 22.86%.

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.