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

Montz Harcus Wealth Management LLC boosted its position in Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 288.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,065 shares of the bank's stock after purchasing an additional 83,965 shares during the period. Home Bancorp comprises 2.8% of Montz Harcus Wealth Management LLC's investment portfolio, making the stock its 12th biggest position. Montz Harcus Wealth Management LLC owned approximately 1.41% of Home Bancorp worth $5,065,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Citadel Advisors LLC purchased a new position in Home Bancorp in the 4th quarter valued at approximately $774,000. Ameriprise Financial Inc. increased its stake in Home Bancorp by 40.3% in the 4th quarter. Ameriprise Financial Inc. now owns 18,455 shares of the bank's stock valued at $853,000 after purchasing an additional 5,302 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Home Bancorp by 235.9% in the 4th quarter. BNP Paribas Financial Markets now owns 7,985 shares of the bank's stock valued at $369,000 after purchasing an additional 5,608 shares in the last quarter. Millennium Management LLC purchased a new position in Home Bancorp in the 4th quarter valued at approximately $919,000. Finally, Deutsche Bank AG increased its stake in Home Bancorp by 58.3% in the 4th quarter. Deutsche Bank AG now owns 8,012 shares of the bank's stock valued at $370,000 after purchasing an additional 2,950 shares in the last quarter. 49.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Bancorp

In other Home Bancorp news, Director Daniel G. Guidry sold 2,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $50.94, for a total transaction of $101,880.00. Following the completion of the sale, the director now directly owns 64,819 shares in the company, valued at $3,301,879.86. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David T. Kirkley sold 2,284 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $48.53, for a total transaction of $110,842.52. Following the completion of the sale, the chief financial officer now directly owns 3,633 shares of the company's stock, valued at $176,309.49. The trade was a 38.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,784 shares of company stock worth $238,923 in the last 90 days. 7.90% of the stock is owned by company insiders.

Home Bancorp Price Performance

Home Bancorp stock traded up $0.16 during mid-day trading on Friday, hitting $49.48. 75,395 shares of the company were exchanged, compared to its average volume of 24,090. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.96 and a quick ratio of 0.96. The business's 50 day simple moving average is $49.28 and its two-hundred day simple moving average is $47.56. The company has a market capitalization of $385.94 million, a P/E ratio of 10.35 and a beta of 0.57. Home Bancorp, Inc. has a 12-month low of $37.35 and a 12-month high of $52.77.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.23. The business had revenue of $35.76 million for the quarter, compared to analysts' expectations of $30.90 million. Home Bancorp had a return on equity of 9.74% and a net margin of 18.82%. During the same quarter last year, the firm earned $1.14 earnings per share. Analysts forecast that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 5th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.18%. The ex-dividend date was Monday, May 5th. Home Bancorp's dividend payout ratio (DPR) is 22.59%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HBCP. Wall Street Zen raised Home Bancorp from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Hovde Group raised their price target on Home Bancorp from $48.50 to $51.50 and gave the stock a "market perform" rating in a research report on Thursday, April 24th. Finally, Piper Sandler raised their price target on Home Bancorp from $60.00 to $65.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd.

Home Bancorp Company Profile

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.