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

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

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Home Bancorp in the second quarter worth about $46,000. Tower Research Capital LLC TRC increased its position in Home Bancorp by 116.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after purchasing an additional 769 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Home Bancorp during the 2nd quarter valued at about $105,000. Occudo Quantitative Strategies LP bought a new stake in shares of Home Bancorp in the 4th quarter valued at about $202,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Home Bancorp in the 4th quarter valued at about $208,000. 49.41% of the stock is currently owned by institutional investors.

Home Bancorp Stock Performance

HBCP stock opened at $70.36 on Friday. Home Bancorp, Inc. has a one year low of $50.54 and a one year high of $74.50. The firm has a market cap of $551.62 million, a price-to-earnings ratio of 11.77 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a 50-day simple moving average of $70.00 and a two-hundred day simple moving average of $65.42.

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

Home Bancorp Increases Dividend

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

Analyst Ratings Changes

HBCP has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Home Bancorp in a research report on Friday, July 31st. Raymond James Financial reissued an “outperform” rating and set a $74.00 price objective on shares of Home Bancorp in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Home Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

Insiders Place Their Bets

In other Home Bancorp news, EVP John Zollinger, IV sold 750 shares of Home Bancorp 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 transaction, the executive vice president directly owned 7,643 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 6.20% of the stock is currently owned by company insiders.

Home Bancorp 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.