Montz Harcus Wealth Management LLC Invests $1.60 Million in Home Bancorp, Inc. (NASDAQ:HBCP)

Montz Harcus Wealth Management LLC purchased a new position in shares of Home Bancorp, Inc. (NASDAQ:HBCP - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,850 shares of the bank's stock, valued at approximately $1,598,000. Home Bancorp comprises about 0.9% of Montz Harcus Wealth Management LLC's portfolio, making the stock its 19th largest position. Montz Harcus Wealth Management LLC owned 0.44% of Home Bancorp as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in Home Bancorp by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank's stock valued at $15,938,000 after acquiring an additional 8,219 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Home Bancorp by 0.9% during the first quarter. Vanguard Group Inc. now owns 365,043 shares of the bank's stock valued at $13,985,000 after purchasing an additional 3,414 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Home Bancorp by 120.9% in the second quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank's stock worth $5,615,000 after purchasing an additional 76,812 shares during the period. Bank of New York Mellon Corp grew its position in Home Bancorp by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank's stock valued at $1,438,000 after buying an additional 2,672 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Home Bancorp by 7.8% in the 1st quarter. Empowered Funds LLC now owns 26,509 shares of the bank's stock valued at $1,016,000 after buying an additional 1,925 shares in the last quarter. Institutional investors and hedge funds own 49.41% of the company's stock.

Home Bancorp Stock Down 2.0 %

NASDAQ:HBCP traded down $0.92 during trading hours on Friday, hitting $45.55. 29,701 shares of the stock traded hands, compared to its average volume of 17,541. The firm has a 50 day moving average price of $43.29 and a 200 day moving average price of $40.03. The firm has a market cap of $370.23 million, a price-to-earnings ratio of 9.61 and a beta of 0.69. Home Bancorp, Inc. has a fifty-two week low of $33.00 and a fifty-two week high of $48.96. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.25.

Home Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, October 28th will be issued a dividend of $0.26 per share. This is a boost from Home Bancorp's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Monday, October 28th. Home Bancorp's payout ratio is currently 21.94%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Raymond James raised Home Bancorp from a "market perform" rating to an "outperform" rating and set a $50.00 price target for the company in a research note on Monday, October 21st. Hovde Group raised their target price on Home Bancorp from $48.50 to $53.00 and gave the company an "outperform" rating in a research note on Monday, October 21st.

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.