Montz Harcus Wealth Management LLC Reduces Stake in Home Bancorp, Inc.

Montz Harcus Wealth Management LLC has reduced its stake in Home Bancorp, Inc. (NASDAQ:HBCP) by 18.8% during the fourth quarter, as revealed in their latest filing with the Securities and Exchange Commission. After selling 6,750 shares, the fund now holds 29,100 shares of the bank's stock. This investment represents approximately 0.8% of Montz Harcus Wealth Management LLC's overall portfolio, ranking it as their 21st largest holding. At the end of the last reporting period, the fund's shares in Home Bancorp were valued at around $1,345,000, accounting for about 0.36% of the company.

Additionally, several other institutional investors have made adjustments to their positions in Home Bancorp. Geode Capital Management LLC increased its holdings by 1.2% during the third quarter, owning 162,727 shares valued at $7,256,000 after acquiring an extra 1,874 shares. Similarly, State Street Corp raised its stake by 1.5%, owning 156,752 shares worth $6,988,000 following the purchase of an additional 2,269 shares. Crawford Fund Management LLC also boosted its holdings significantly by 48.3%, now holding 91,247 shares valued at $4,068,000 after adding 29,722 shares during the third quarter. Empowered Funds LLC increased its stake by 5.0% in the fourth quarter, owning 31,448 shares valued at $1,453,000 after an additional purchase of 1,485 shares. Lastly, Cullen Investment Group LTD. increased its holdings by 13.0%, owning 26,766 shares worth $1,237,000 after buying an additional 3,086 shares. Currently, institutional investors hold 49.41% of Home Bancorp’s stock.

Home Bancorp Stock Overview

On Wednesday, shares of Home Bancorp (NASDAQ:HBCP) opened at $50.87. The stock has reached a 52-week low of $33.30 and a high of $52.77. Financial metrics include a debt-to-equity ratio of 0.24, along with both a quick ratio and a current ratio of 0.96. The company's fifty-day moving average stands at $47.68, while its two-hundred day average is at $45.67. Home Bancorp has a market capitalization of approximately $411.03 million, a price-to-earnings (P/E) ratio of 11.18, and a beta of 0.71.

Home Bancorp recently reported its earnings for the quarter ending January 27. The bank achieved an earnings per share (EPS) of $1.21, exceeding analysts’ predictions of $1.14 by $0.07. The company registered a return on equity of 9.57% and a net margin of 18.27%. In the same quarter of the previous year, the EPS was $1.17. Researchers predict that the earnings per share for the current fiscal year will be around 4.78.

Dividend Increase by Home Bancorp

Recently, Home Bancorp announced an increase in its quarterly dividend, scheduled for payment on February 21. Shareholders on record by February 10 will receive a dividend of $0.27, which marks an annualized total of $1.08 and reflects a dividend yield of 2.12%. The ex-dividend date is set for February 10, and this new dividend is an increase from the prior quarter's dividend of $0.26. Home Bancorp's current dividend payout ratio stands at 22.86%.

Recent Analyst Ratings

In terms of analyst ratings, Raymond James upgraded Home Bancorp from a "market perform" rating to an "outperform" rating, setting a target price of $50.00 in a report dated October 21. Conversely, StockNews.com downgraded the stock from a "buy" rating to a "hold" rating in their January 22 update. Hovde Group also made adjustments, changing their rating from "outperform" to "market perform" while adjusting the target price from $53.00 to $54.50 in a November report.

Company Overview of Home Bancorp

Company Profile

Home Bancorp, Inc. acts as the holding company for Home Bank, National Association, providing various banking services across Louisiana, Mississippi, and Texas. Offerings include a range of deposit products such as interest-bearing and noninterest-bearing checking accounts, savings accounts, and certificates of deposit.

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