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

Montz Harcus Wealth Management LLC raised its position in Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 288.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,065 shares of the bank's stock after acquiring an additional 83,965 shares during the quarter. Home Bancorp makes up approximately 2.8% of Montz Harcus Wealth Management LLC's portfolio, making the stock its 12th biggest position. Montz Harcus Wealth Management LLC owned 1.41% of Home Bancorp worth $5,065,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HBCP. Bailard Inc. grew its position in Home Bancorp by 11.6% in the 4th quarter. Bailard Inc. now owns 11,546 shares of the bank's stock valued at $534,000 after acquiring an additional 1,200 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Home Bancorp in the 4th quarter valued at about $483,000. Picton Mahoney Asset Management grew its position in shares of Home Bancorp by 100.7% during the fourth quarter. Picton Mahoney Asset Management now owns 590 shares of the bank's stock worth $27,000 after buying an additional 296 shares in the last quarter. American Century Companies Inc. grew its position in shares of Home Bancorp by 49.8% during the fourth quarter. American Century Companies Inc. now owns 77,068 shares of the bank's stock worth $3,561,000 after buying an additional 25,617 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Home Bancorp by 110.9% during the fourth quarter. JPMorgan Chase & Co. now owns 30,942 shares of the bank's stock worth $1,430,000 after buying an additional 16,274 shares in the last quarter. 49.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HBCP. Hovde Group boosted their price objective 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. Piper Sandler boosted their price objective on Home Bancorp from $60.00 to $65.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen raised Home Bancorp from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th.

Insider Buying and Selling at Home Bancorp

In other news, CFO David T. Kirkley sold 2,284 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $48.53, for a total value 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 approximately $176,309.49. This represents a 38.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel G. Guidry sold 2,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $50.94, for a total value of $101,880.00. Following the completion of the sale, the director now directly owns 64,819 shares of the company's stock, valued at $3,301,879.86. The trade was a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,784 shares of company stock worth $238,923 over the last three months. Insiders own 7.90% of the company's stock.

Home Bancorp Stock Performance

Shares of Home Bancorp stock opened at $49.32 on Thursday. Home Bancorp, Inc. has a one year low of $37.02 and a one year high of $52.77. The company has a market cap of $384.70 million, a PE ratio of 10.32 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.96 and a current ratio of 0.96. The business has a 50-day simple moving average of $48.98 and a 200-day simple moving average of $47.60.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $1.37 EPS for the quarter, beating the consensus estimate of $1.14 by $0.23. The company had revenue of $35.76 million for the quarter, compared to analyst estimates of $30.90 million. Home Bancorp had a net margin of 18.82% and a return on equity of 9.74%. During the same period in the prior year, the firm posted $1.14 earnings per share. On average, equities research analysts forecast that Home Bancorp, Inc. will post 4.78 EPS for the current fiscal year.

Home Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 5th were paid a $0.27 dividend. The ex-dividend date was Monday, May 5th. This represents a $1.08 annualized dividend and a yield of 2.19%. Home Bancorp's dividend payout ratio is currently 22.59%.

Home Bancorp 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.

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