Montz Harcus Wealth Management LLC Cuts Stake in Home Bancorp, Inc. (NASDAQ:HBCP)

Montz Harcus Wealth Management LLC cut its position in shares of Home Bancorp, Inc. (NASDAQ:HBCP) by 18.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,100 shares of the bank’s stock after selling 6,750 shares during the period. Home Bancorp makes up about 0.8% of Montz Harcus Wealth Management LLC’s portfolio, making the stock its 21st biggest holding. Montz Harcus Wealth Management LLC owned about 0.36% of Home Bancorp worth $1,345,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HBCP. Geode Capital Management LLC increased its position in shares of Home Bancorp by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 162,727 shares of the bank’s stock valued at $7,256,000 after acquiring an additional 1,874 shares during the period. State Street Corp raised its stake in shares of Home Bancorp by 1.5% in the third quarter. State Street Corp now owns 156,752 shares of the bank’s stock worth $6,988,000 after purchasing an additional 2,269 shares during the last quarter. Crawford Fund Management LLC lifted its holdings in shares of Home Bancorp by 48.3% during the third quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank’s stock worth $4,068,000 after purchasing an additional 29,722 shares during the period. Empowered Funds LLC boosted its position in Home Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 31,448 shares of the bank’s stock valued at $1,453,000 after buying an additional 1,485 shares during the last quarter. Finally, Cullen Investment Group LTD. increased its holdings in Home Bancorp by 13.0% in the 4th quarter. Cullen Investment Group LTD. now owns 26,766 shares of the bank’s stock worth $1,237,000 after buying an additional 3,086 shares during the period. Institutional investors own 49.41% of the company’s stock.

Home Bancorp Stock Performance

NASDAQ:HBCP opened at $50.87 on Wednesday. Home Bancorp, Inc. has a fifty-two week low of $33.30 and a fifty-two week high of $52.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. The company has a fifty day moving average of $47.68 and a two-hundred day moving average of $45.67. The stock has a market capitalization of $411.03 million, a PE ratio of 11.18 and a beta of 0.71.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Monday, January 27th. The bank reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.07. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same quarter in the previous year, the company earned $1.17 earnings per share. As a group, research analysts forecast that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Monday, February 10th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Monday, February 10th. This is a boost from Home Bancorp’s previous quarterly dividend of $0.26. Home Bancorp’s dividend payout ratio (DPR) is currently 22.86%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HBCP shares. Raymond James upgraded shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Monday, October 21st. StockNews.com downgraded Home Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, Hovde Group lowered shares of Home Bancorp from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $53.00 to $54.50 in a report on Tuesday, November 12th.

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.