Compass Financial Management LLC Invests $1.66 Million in Home Bancorp, Inc. $HBCP

Compass Financial Management LLC purchased a new stake in Home Bancorp, Inc. (NASDAQ:HBCP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 24,105 shares of the bank’s stock, valued at approximately $1,656,000. Compass Financial Management LLC owned 0.31% of Home Bancorp as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HBCP. De Lisle Partners LLP bought a new position in shares of Home Bancorp in the second quarter worth $1,577,000. Elizabeth Park Capital Advisors Ltd. raised its stake in shares of Home Bancorp by 40.9% during the 4th quarter. Elizabeth Park Capital Advisors Ltd. now owns 34,469 shares of the bank’s stock valued at $1,992,000 after purchasing an additional 10,000 shares during the period. Summit Financial Wealth Advisors LLC lifted its holdings in Home Bancorp by 31.1% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 36,013 shares of the bank’s stock worth $2,182,000 after purchasing an additional 8,539 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Home Bancorp by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 429,581 shares of the bank’s stock worth $26,024,000 after purchasing an additional 7,792 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in Home Bancorp by 56.4% during the 4th quarter. LSV Asset Management now owns 34,425 shares of the bank’s stock worth $1,990,000 after purchasing an additional 12,420 shares in the last quarter. Institutional investors own 49.41% of the company’s stock.

Insiders Place Their Bets

In other Home Bancorp news, EVP John J. Iv Zollinger sold 750 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $71.68, for a total value of $53,760.00. Following the transaction, the executive vice president directly owned 7,643 shares in the company, valued at $547,850.24. This represents a 8.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.20% of the stock is owned by corporate insiders.

Home Bancorp Stock Up 0.4%

HBCP opened at $69.71 on Friday. The company has a fifty day moving average price of $69.54 and a 200-day moving average price of $64.88. The firm has a market capitalization of $546.53 million, a P/E ratio of 11.66 and a beta of 0.50. 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, Inc. has a one year low of $50.54 and a one year high of $74.50.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings results on Monday, July 20th. The bank reported $1.48 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $38.57 million. Equities research analysts expect that Home Bancorp, Inc. will post 5.98 earnings per share 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 dividend of $0.32 per share. The ex-dividend date was Monday, August 3rd. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 1.8%. Home Bancorp’s dividend payout ratio (DPR) is presently 21.40%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $74.00 target price on shares of Home Bancorp in a report on Wednesday, July 22nd. Weiss Ratings reissued a “buy (a-)” rating on shares of Home Bancorp in a report on Friday, July 31st. One 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.50.

About Home Bancorp

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.