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

Summit Financial Wealth Advisors LLC lowered its holdings in Home Bancorp, Inc. (NASDAQ:HBCP) by 4.2% in the 4th quarter, HoldingsChannel reports. The firm owned 22,394 shares of the bank’s stock after selling 980 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in Home Bancorp were worth $1,122,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HBCP. Geode Capital Management LLC increased its holdings in Home Bancorp by 1.2% during the third quarter. Geode Capital Management LLC now owns 162,727 shares of the bank’s stock valued at $7,256,000 after buying an additional 1,874 shares during the period. State Street Corp boosted its position in 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. grew its stake in Home Bancorp by 49.8% in the fourth quarter. American Century Companies Inc. now owns 77,068 shares of the bank’s stock valued at $3,561,000 after purchasing an additional 25,617 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in 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 purchasing an additional 30,681 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in Home Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 31,448 shares of the bank’s stock valued at $1,453,000 after acquiring an additional 1,485 shares in the last quarter. Hedge funds and other institutional investors own 49.41% of the company’s stock.

Analysts Set New Price Targets

HBCP has been the topic of a number of research analyst reports. StockNews.com lowered Home Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Piper Sandler initiated coverage on shares of Home Bancorp in a report on Friday, February 21st. They issued an “overweight” rating and a $60.00 price target for the company.

Home Bancorp Stock Performance

NASDAQ:HBCP traded down $1.53 during midday trading on Thursday, hitting $42.37. The company’s stock had a trading volume of 1,151 shares, compared to its average volume of 19,076. Home Bancorp, Inc. has a fifty-two week low of $33.30 and a fifty-two week high of $52.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $343.11 million, a P/E ratio of 9.31 and a beta of 0.55. The firm’s 50 day moving average is $46.53 and its 200-day moving average is $46.75.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings data on Monday, January 27th. The bank reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 period last year, the company earned $1.17 EPS. Equities analysts anticipate that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

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

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.