Home Bancorp, Inc. $HBCP Shares Sold by Montz Harcus Wealth Management LLC

Key Points

• Montz Harcus Wealth Management cut its Home Bancorp stake by 32.7% in the third quarter, selling 30,963 shares and retaining 63,787 shares worth approximately $4.2 million.
• Home Bancorp shares opened at $65.67, down 1.5%, while the bank reported quarterly EPS of $1.48, slightly above analyst estimates. Analysts maintain a “Moderate Buy” consensus with a $69.50 average price target.
• The company increased its quarterly dividend from $0.31 to $0.32 per share, equivalent to a $1.28 annualized payout and a 1.9% yield.

Montz Harcus Wealth Management LLC lessened its stake in Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 32.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,787 shares of the bank's stock after selling 30,963 shares during the period. Home Bancorp accounts for 1.6% of Montz Harcus Wealth Management LLC's portfolio, making the stock its 16th largest holding. Montz Harcus Wealth Management LLC owned about 0.81% of Home Bancorp worth $4,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of HBCP. Allworth Financial LP boosted its position in Home Bancorp by 99.5% in the 2nd quarter. Allworth Financial LP now owns 437 shares of the bank's stock valued at $30,000 after buying an additional 218 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Home Bancorp by 803.9% during the third quarter. Farther Finance Advisors LLC now owns 461 shares of the bank's stock worth $30,000 after acquiring an additional 410 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Home Bancorp during the second quarter valued at $55,000. Public Employees Retirement System of Ohio acquired a new position in shares of Home Bancorp during the second quarter valued at $105,000. Finally, GAMMA Investing LLC lifted its stake in shares of Home Bancorp by 14.8% during the third quarter. GAMMA Investing LLC now owns 1,641 shares of the bank's stock valued at $108,000 after acquiring an additional 211 shares during the period. Institutional investors own 49.41% of the company's stock.

Home Bancorp Stock Down 1.5%

NASDAQ:HBCP opened at $65.67 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.12. Home Bancorp, Inc. has a 12-month low of $50.54 and a 12-month high of $74.50. The stock's fifty day simple moving average is $69.25 and its 200-day simple moving average is $66.84. The firm has a market capitalization of $515.05 million, a P/E ratio of 10.98 and a beta of 0.52.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last released its quarterly earnings data on Monday, July 20th. The bank reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.02. Home Bancorp had a return on equity of 10.65% and a net margin of 22.23%. The business had revenue of $39.72 million during the quarter, compared to the consensus estimate of $38.57 million. Equities research analysts expect that Home Bancorp, Inc. will post 5.98 earnings per share 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 paid a $0.32 dividend. This is a boost from Home Bancorp's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.9%. Home Bancorp's dividend payout ratio (DPR) is currently 21.40%.

Analysts Set New Price Targets

A number of brokerages recently commented on HBCP. Raymond James Financial reiterated an "outperform" rating and issued a $74.00 price objective on shares of Home Bancorp in a research report on Wednesday, July 22nd. Weiss Ratings reissued a "buy (a-)" rating on shares of Home Bancorp in a research note on Friday, July 31st. One 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $69.50.

Insider Activity at Home Bancorp

In related news, EVP John Zollinger, IV sold 750 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $71.68, for a total value of $53,760.00. Following the sale, the executive vice president directly owned 7,643 shares in the company, valued at $547,850.24. This trade represents a 8.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.20% of the stock is currently owned by company insiders.

Home Bancorp Profile

Home Bancorp, Inc is the holding company for Home Bank, a community-focused bank headquartered in Lafayette Hill, Pennsylvania. The company serves individuals, families, professionals and businesses through a network of banking offices in southeastern Pennsylvania and surrounding communities.

Home Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential mortgage loans, home equity financing, commercial real estate loans, construction and development financing, commercial business loans and consumer loans.

Through its community banking model, Home Bancorp focuses on relationship-based service and local decision-making.

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