30,963 Home Bancorp, Inc. $HBCP Shares Sold by Montz Harcus Wealth Management LLC

Montz Harcus Wealth Management LLC cut its holdings in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 32.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,787 shares of the bank’s stock after selling 30,963 shares during the period. Home Bancorp makes up approximately 1.6% of Montz Harcus Wealth Management LLC’s investment portfolio, making the stock its 16th largest holding. Montz Harcus Wealth Management LLC’s holdings in Home Bancorp were worth $4,214,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Allworth Financial LP increased its holdings in shares of Home Bancorp by 99.5% in the second quarter. Allworth Financial LP now owns 437 shares of the bank’s stock worth $30,000 after acquiring an additional 218 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Home Bancorp by 803.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 461 shares of the bank’s stock valued at $30,000 after purchasing an additional 410 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Home Bancorp during the 2nd quarter valued at about $55,000. Public Employees Retirement System of Ohio acquired a new position in shares of Home Bancorp in the 2nd quarter valued at approximately $105,000. Finally, GAMMA Investing LLC increased its stake in Home Bancorp by 14.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,641 shares of the bank’s stock worth $108,000 after purchasing an additional 211 shares in the last quarter. 49.41% of the stock is owned by institutional investors and hedge funds.

Home Bancorp Stock Down 1.5%

Shares of Home Bancorp stock opened at $65.67 on Friday. The business’s 50 day simple moving average is $69.25 and its 200 day simple moving average is $66.84. Home Bancorp, Inc. has a 52-week low of $50.54 and a 52-week high of $74.50. The firm has a market cap of $515.05 million, a PE ratio of 10.98 and a beta of 0.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.97 and a current ratio of 0.97.

Home Bancorp (NASDAQ:HBCP) last released its earnings results 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 firm had revenue of $39.72 million for the quarter, compared to analysts’ expectations of $38.57 million. On average, analysts predict that Home Bancorp, Inc. will post 5.98 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. This is an increase from Home Bancorp’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Monday, August 3rd. Home Bancorp’s payout ratio is 21.40%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Home Bancorp

In other Home Bancorp news, EVP John Zollinger, IV sold 750 shares of Home Bancorp stock in a transaction 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 approximately $547,850.24. The trade was a 8.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.20% of the company’s stock.

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.