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

Summit Financial Wealth Advisors LLC increased its holdings in Home Bancorp, Inc. (NASDAQ:HBCP) by 31.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,013 shares of the bank’s stock after acquiring an additional 8,539 shares during the period. Summit Financial Wealth Advisors LLC owned about 0.46% of Home Bancorp worth $2,182,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in Home Bancorp by 11.8% during the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock worth $258,000 after purchasing an additional 607 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Home Bancorp by 80.7% in the first quarter. AQR Capital Management LLC now owns 12,258 shares of the bank’s stock valued at $549,000 after purchasing an additional 5,476 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Home Bancorp by 7.3% in the first quarter. Empowered Funds LLC now owns 33,749 shares of the bank’s stock valued at $1,512,000 after purchasing an additional 2,301 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Home Bancorp during the first quarter valued at approximately $612,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Home Bancorp by 9.5% during the second quarter. JPMorgan Chase & Co. now owns 21,669 shares of the bank’s stock valued at $1,122,000 after buying an additional 1,878 shares during the last quarter. Institutional investors own 49.41% of the company’s stock.

Insider Buying and Selling

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

Home Bancorp Price Performance

Home Bancorp stock opened at $71.34 on Friday. Home Bancorp, Inc. has a 52 week low of $49.49 and a 52 week high of $72.44. The company’s 50 day moving average price is $67.75 and its two-hundred day moving average price is $63.72. The stock has a market cap of $559.52 million, a P/E ratio of 11.93 and a beta of 0.49. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings results on Monday, July 20th. The bank reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The business had revenue of $39.72 million for the quarter, compared to analyst estimates of $38.57 million. Home Bancorp had a return on equity of 10.77% and a net margin of 22.23%. On average, equities analysts predict that Home Bancorp, Inc. will post 5.98 earnings per share for the current year.

Home Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, August 3rd. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.31. Home Bancorp’s dividend payout ratio (DPR) is presently 21.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HBCP shares. Raymond James Financial reissued an “outperform” rating and issued a $74.00 price target on shares of Home Bancorp in a research report on Wednesday, July 22nd. Hovde Group lifted their price objective on shares of Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a report on Wednesday, April 22nd. Weiss Ratings upgraded shares of Home Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Finally, Piper Sandler lowered shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 target price for the company. in a research note on Wednesday, April 22nd. 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. According to MarketBeat.com, Home Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $69.50.

Home Bancorp Company Profile

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.