Montz Harcus Wealth Management LLC Takes $1.60 Million Position in Home Bancorp, Inc. (NASDAQ:HBCP)

Montz Harcus Wealth Management LLC purchased a new position in shares of Home Bancorp, Inc. (NASDAQ:HBCP) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 35,850 shares of the bank’s stock, valued at approximately $1,598,000. Home Bancorp comprises about 0.9% of Montz Harcus Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding. Montz Harcus Wealth Management LLC owned approximately 0.44% of Home Bancorp as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in HBCP. NewEdge Advisors LLC increased its holdings in shares of Home Bancorp by 120.9% during the second quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock worth $5,615,000 after purchasing an additional 76,812 shares during the period. Vanguard Group Inc. increased its stake in Home Bancorp by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 365,043 shares of the bank’s stock worth $13,985,000 after acquiring an additional 3,414 shares during the period. Bank of New York Mellon Corp raised its holdings in Home Bancorp by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock valued at $1,438,000 after acquiring an additional 2,672 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Home Bancorp by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank’s stock valued at $15,938,000 after acquiring an additional 8,219 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Home Bancorp by 531.8% during the 1st quarter. BNP Paribas Financial Markets now owns 12,289 shares of the bank’s stock worth $471,000 after purchasing an additional 10,344 shares in the last quarter. 49.41% of the stock is currently owned by institutional investors.

Home Bancorp Price Performance

Shares of Home Bancorp stock traded down $0.92 during trading on Friday, reaching $45.55. 29,701 shares of the company’s stock were exchanged, compared to its average volume of 17,541. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.96 and a current ratio of 0.96. Home Bancorp, Inc. has a 1-year low of $33.00 and a 1-year high of $48.96. The company has a market cap of $367.59 million, a P/E ratio of 10.10 and a beta of 0.69. The firm’s 50-day moving average price is $43.29 and its 200 day moving average price is $40.03.

Home Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, October 28th will be paid a dividend of $0.26 per share. This is an increase from Home Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, October 28th. This represents a $1.04 annualized dividend and a yield of 2.28%. Home Bancorp’s payout ratio is presently 22.17%.

Analyst Ratings Changes

HBCP has been the subject of a number of analyst reports. Hovde Group boosted their price target on Home Bancorp from $48.50 to $53.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Raymond James raised shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Monday, October 21st.

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.