Montz Harcus Wealth Management LLC Has $5.58 Million Stock Holdings in Home Bancorp, Inc. $HBCP

Key Points

• Montz Harcus Wealth Management LLC reduced its stake in Home Bancorp by 4.6%, owning 107,818 shares valued at approximately $5.58 million, making it the firm’s 12th largest holding.
• Recent research reports have rated Home Bancorp with a consensus of "Moderate Buy" and a price target of $59.50, with Zacks downgrading it from "strong-buy" to "hold."
• Home Bancorp announced an increase in its quarterly dividend to $0.29 per share, reflecting a yield of 2.1%, and reported earnings that surpassed analyst expectations.

Montz Harcus Wealth Management LLC lessened its position in Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 107,818 shares of the bank's stock after selling 5,247 shares during the period. Home Bancorp comprises approximately 2.7% of Montz Harcus Wealth Management LLC's holdings, making the stock its 12th biggest holding. Montz Harcus Wealth Management LLC owned about 1.38% of Home Bancorp worth $5,583,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HBCP. CWM LLC boosted its stake in shares of Home Bancorp by 92.2% in the 1st quarter. CWM LLC now owns 1,307 shares of the bank's stock valued at $59,000 after purchasing an additional 627 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Home Bancorp in the 2nd quarter valued at $207,000. Royal Bank of Canada boosted its stake in shares of Home Bancorp by 11.8% in the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank's stock valued at $258,000 after purchasing an additional 607 shares in the last quarter. PDT Partners LLC raised its holdings in shares of Home Bancorp by 49.0% in the first quarter. PDT Partners LLC now owns 6,553 shares of the bank's stock valued at $294,000 after buying an additional 2,156 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Home Bancorp by 33.3% during the 4th quarter. Bank of America Corp DE now owns 9,682 shares of the bank's stock worth $447,000 after buying an additional 2,420 shares in the last quarter. Institutional investors and hedge funds own 49.41% of the company's stock.

Wall Street Analysts Forecast Growth

HBCP has been the topic of several research reports. Zacks Research downgraded shares of Home Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Weiss Ratings reiterated a "buy (b)" rating on shares of Home Bancorp in a research report on Saturday, September 27th. Finally, Raymond James Financial upped their price target on shares of Home Bancorp from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.50.

Home Bancorp Stock Performance

Shares of NASDAQ:HBCP opened at $54.50 on Friday. The stock has a market capitalization of $426.19 million, a P/E ratio of 10.46 and a beta of 0.62. Home Bancorp, Inc. has a 1-year low of $39.59 and a 1-year high of $61.07. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $54.41 and a two-hundred day moving average price of $51.27.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The bank reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.21. The firm had revenue of $37.07 million during the quarter, compared to analysts' expectations of $32.07 million. Home Bancorp had a return on equity of 10.34% and a net margin of 20.09%. Equities analysts predict that Home Bancorp, Inc. will post 4.78 earnings per share for the current year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 4th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.16 annualized dividend and a yield of 2.1%. This is an increase from Home Bancorp's previous quarterly dividend of $0.27. Home Bancorp's dividend payout ratio (DPR) is presently 22.26%.

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.

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