Compass Financial Management LLC Buys Shares of 24,105 Home Bancorp, Inc. $HBCP

Compass Financial Management LLC purchased a new position in Home Bancorp, Inc. (NASDAQ:HBCP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 24,105 shares of the bank’s stock, valued at approximately $1,656,000.

A number of other institutional investors have also recently made changes to their positions in HBCP. Royal Bank of Canada raised its position in shares of Home Bancorp by 11.8% during the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock valued at $258,000 after buying an additional 607 shares in the last quarter. AQR Capital Management LLC grew its position in Home Bancorp by 80.7% in the first quarter. AQR Capital Management LLC now owns 12,258 shares of the bank’s stock worth $549,000 after acquiring an additional 5,476 shares in the last quarter. Empowered Funds LLC grew its position in Home Bancorp by 7.3% in the first quarter. Empowered Funds LLC now owns 33,749 shares of the bank’s stock worth $1,512,000 after acquiring an additional 2,301 shares in the last quarter. Jane Street Group LLC purchased a new position in Home Bancorp in the first quarter worth $612,000. Finally, JPMorgan Chase & Co. increased its stake in Home Bancorp by 9.5% in the second quarter. JPMorgan Chase & Co. now owns 21,669 shares of the bank’s stock valued at $1,122,000 after acquiring an additional 1,878 shares during the last quarter. Institutional investors own 49.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HBCP. Raymond James Financial restated an “outperform” rating and set a $74.00 price target on shares of Home Bancorp in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (a-)” rating on shares of Home Bancorp in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.50.

Home Bancorp Stock Up 0.4%

Shares of NASDAQ HBCP opened at $69.71 on Friday. The stock has a market capitalization of $546.53 million, a P/E ratio of 11.66 and a beta of 0.50. Home Bancorp, Inc. has a one year low of $50.54 and a one year high of $74.50. The firm’s 50 day simple moving average is $69.54 and its two-hundred day simple moving average is $64.88. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.97 and a quick ratio of 0.97.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Monday, July 20th. The bank reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Home Bancorp had a net margin of 22.23% and a return on equity of 10.65%. The firm had revenue of $39.72 million during the quarter, compared to analyst estimates of $38.57 million. As a group, analysts expect that Home Bancorp, Inc. will post 5.98 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, August 3rd. This is a boost from Home Bancorp’s previous quarterly dividend of $0.31. Home Bancorp’s dividend payout ratio is 21.40%.

Insider Buying and Selling

In other Home Bancorp news, EVP John J. Iv Zollinger sold 750 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $71.68, for a total value of $53,760.00. Following the completion of the sale, the executive vice president directly owned 7,643 shares of the company’s stock, valued at $547,850.24. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.20% of the stock is currently owned by insiders.

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.