24,105 Shares in Home Bancorp, Inc. $HBCP Purchased by Compass Financial Management LLC

Key Points

• Compass Financial Management acquired 24,105 Home Bancorp shares worth approximately $1.66 million, while institutional investors collectively owned 49.41% of the company.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a consensus price target of $69.50; Raymond James set a $74 target.
• Home Bancorp exceeded quarterly earnings and revenue expectations, reporting $1.48 in EPS and $39.72 million in revenue, and increased its quarterly dividend to $0.32 per share.

Compass Financial Management LLC acquired a new position in shares of Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,105 shares of the bank's stock, valued at approximately $1,656,000. Compass Financial Management LLC owned about 0.31% of Home Bancorp at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PDT Partners LLC boosted its holdings in shares of Home Bancorp by 3.7% in the 2nd quarter. PDT Partners LLC now owns 6,798 shares of the bank's stock worth $352,000 after purchasing an additional 245 shares during the period. Rhumbline Advisers increased its position in shares of Home Bancorp by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 10,705 shares of the bank's stock valued at $554,000 after purchasing an additional 250 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Home Bancorp by 0.4% during the 4th quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank's stock valued at $6,144,000 after buying an additional 382 shares during the period. Royal Bank of Canada raised its holdings in Home Bancorp by 11.8% during the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank's stock valued at $258,000 after buying an additional 607 shares during the period. Finally, BCM Advisors LLC raised its holdings in Home Bancorp by 11.2% during the 1st quarter. BCM Advisors LLC now owns 6,223 shares of the bank's stock valued at $396,000 after buying an additional 628 shares during the period. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on HBCP shares. Raymond James Financial reaffirmed an "outperform" rating and set a $74.00 price objective on shares of Home Bancorp in a research note on Wednesday, July 22nd. Weiss Ratings reiterated a "buy (a-)" rating on shares of Home Bancorp in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $69.50.

Insider Activity at Home Bancorp

In other news, EVP John Zollinger, IV sold 750 shares of Home Bancorp stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $71.68, for a total transaction of $53,760.00. Following the completion of the sale, the executive vice president owned 7,643 shares of the company's stock, valued at approximately $547,850.24. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.20% of the company's stock.

Home Bancorp Price Performance

HBCP opened at $70.36 on Friday. The business has a fifty day moving average of $70.00 and a 200 day moving average of $65.42. Home Bancorp, Inc. has a 52-week low of $50.54 and a 52-week high of $74.50. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.12. The stock has a market cap of $551.62 million, a P/E ratio of 11.77 and a beta of 0.49.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The bank reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. Home Bancorp had a return on equity of 10.65% and a net margin of 22.23%.The company had revenue of $39.72 million for the quarter, compared to the consensus estimate of $38.57 million. As a group, sell-side analysts anticipate that Home Bancorp, Inc. will post 5.98 EPS for the current year.

Home Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were issued a $0.32 dividend. The ex-dividend date was Monday, August 3rd. This is a boost from Home Bancorp's previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. Home Bancorp's dividend payout ratio (DPR) is currently 21.40%.

About Home Bancorp

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company's core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.

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