Summit Financial Wealth Advisors LLC Sells 980 Shares of Home Bancorp, Inc. (NASDAQ:HBCP)

Summit Financial Wealth Advisors LLC trimmed its holdings in Home Bancorp, Inc. (NASDAQ:HBCP) by 4.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,394 shares of the bank’s stock after selling 980 shares during the quarter. Summit Financial Wealth Advisors LLC owned approximately 0.28% of Home Bancorp worth $1,122,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Home Bancorp by 1.2% during the third quarter. Geode Capital Management LLC now owns 162,727 shares of the bank’s stock worth $7,256,000 after acquiring an additional 1,874 shares during the last quarter. State Street Corp grew its position in shares of Home Bancorp by 1.5% during the third quarter. State Street Corp now owns 156,752 shares of the bank’s stock valued at $6,988,000 after purchasing an additional 2,269 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Home Bancorp by 49.8% in the fourth quarter. American Century Companies Inc. now owns 77,068 shares of the bank’s stock worth $3,561,000 after purchasing an additional 25,617 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of Home Bancorp by 72.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 72,962 shares of the bank’s stock worth $3,372,000 after buying an additional 30,681 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Home Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 31,448 shares of the bank’s stock worth $1,453,000 after buying an additional 1,485 shares in the last quarter. 49.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. StockNews.com downgraded Home Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Piper Sandler started coverage on shares of Home Bancorp in a report on Friday, February 21st. They issued an “overweight” rating and a $60.00 target price on the stock.

Home Bancorp Trading Down 3.5 %

Shares of NASDAQ HBCP traded down $1.53 during trading hours on Thursday, hitting $42.37. 1,151 shares of the company traded hands, compared to its average volume of 19,076. The company’s 50 day moving average price is $46.53 and its 200 day moving average price is $46.75. Home Bancorp, Inc. has a 12 month low of $33.30 and a 12 month high of $52.77. The stock has a market capitalization of $343.11 million, a price-to-earnings ratio of 9.31 and a beta of 0.55. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Monday, January 27th. The bank reported $1.21 EPS for the quarter, topping the consensus estimate of $1.14 by $0.07. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. During the same quarter last year, the business earned $1.17 earnings per share. On average, equities research analysts anticipate that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were given a $0.27 dividend. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Monday, February 10th. Home Bancorp’s dividend payout ratio is 23.74%.

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.