Summit Financial Wealth Advisors LLC Purchases 8,539 Shares of Home Bancorp, Inc. $HBCP

Summit Financial Wealth Advisors LLC raised its holdings in shares of Home Bancorp, Inc. (NASDAQ:HBCPFree Report) by 31.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,013 shares of the bank’s stock after purchasing an additional 8,539 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in Home Bancorp were worth $2,182,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of Home Bancorp in the second quarter valued at approximately $46,000. Tower Research Capital LLC TRC lifted its stake in shares of Home Bancorp by 116.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after buying an additional 769 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in Home Bancorp in the 4th quarter worth approximately $202,000. Mercer Global Advisors Inc. ADV bought a new position in Home Bancorp in the 4th quarter worth approximately $208,000. Finally, Mariner LLC purchased a new position in Home Bancorp in the 4th quarter valued at approximately $211,000. Institutional investors own 49.41% of the company’s stock.

Insider Buying and Selling at Home Bancorp

In related news, EVP John J. Iv Zollinger sold 867 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $62.77, for a total value of $54,421.59. Following the sale, the executive vice president owned 7,643 shares in the company, valued at approximately $479,751.11. This trade represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David T. Kirkley sold 655 shares of Home Bancorp stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $62.80, for a total value of $41,134.00. Following the sale, the chief financial officer directly owned 5,064 shares of the company’s stock, valued at $318,019.20. This represents a 11.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,742 shares of company stock valued at $238,985 in the last three months. Company insiders own 6.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HBCP shares. Piper Sandler cut shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 target price on the stock. in a report on Wednesday, April 22nd. Hovde Group raised their price target on Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a report on Wednesday, April 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $74.00 price target on shares of Home Bancorp in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.50.

View Our Latest Report on HBCP

Home Bancorp Trading Up 0.7%

Shares of Home Bancorp stock opened at $71.34 on Friday. The company’s 50-day moving average price is $67.75 and its 200-day moving average price is $63.72. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. Home Bancorp, Inc. has a 12-month low of $49.49 and a 12-month high of $72.44. The company has a market cap of $559.52 million, a price-to-earnings ratio of 11.93 and a beta of 0.49.

Home Bancorp (NASDAQ:HBCPGet Free Report) last issued its quarterly earnings data on Monday, July 20th. The bank reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. The company had revenue of $39.72 million during the quarter, compared to analysts’ expectations of $38.57 million. Home Bancorp had a net margin of 22.23% and a return on equity of 10.77%. On average, equities analysts expect that Home Bancorp, Inc. will post 5.98 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, August 3rd. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.31. Home Bancorp’s payout ratio is 21.40%.

About Home Bancorp

(Free Report)

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.

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Institutional Ownership by Quarter for Home Bancorp (NASDAQ:HBCP)

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