Zacks Investment Research upgraded shares of Home Bancorp, Inc. (NASDAQ:HBCP) from a hold rating to a buy rating in a research report released on Monday. They currently have $46.00 price target on the bank’s stock.

According to Zacks, “HOME BANCORP, INC. is a holding company for Home Bank. Home Bancorp has not commenced operations and has no assets. Home Bank is a federally chartered mutual savings bank. Home Bank is a community oriented savings bank offering a range of deposit and loan products, primarily to individuals, families and small to mid-sized businesses located in its market area as well as contiguous markets in south central Louisiana. “

Shares of Home Bancorp (HBCP) traded down 0.2622% during midday trading on Monday, reaching $40.3539. The company’s stock had a trading volume of 7,671 shares. The company has a market capitalization of $297.61 million, a P/E ratio of 16.3376 and a beta of 0.15. Home Bancorp has a 1-year low of $24.76 and a 1-year high of $42.32. The stock has a 50 day moving average of $36.79 and a 200-day moving average of $35.85.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Tuesday, April 25th. The bank reported $0.66 EPS for the quarter, beating the consensus estimate of $0.58 by $0.08. Home Bancorp had a net margin of 22.24% and a return on equity of 9.42%. The company had revenue of $18.80 million for the quarter, compared to analyst estimates of $17.82 million. On average, equities research analysts anticipate that Home Bancorp will post $2.54 earnings per share for the current year.

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Several large investors have recently made changes to their positions in HBCP. Russell Investments Group Ltd. purchased a new stake in shares of Home Bancorp during the fourth quarter valued at approximately $116,000. American International Group Inc. boosted its position in Home Bancorp by 6.7% in the first quarter. American International Group Inc. now owns 3,527 shares of the bank’s stock valued at $119,000 after buying an additional 220 shares during the period. Metropolitan Life Insurance Co. NY bought a new position in Home Bancorp during the fourth quarter valued at about $171,000. Bessemer Group Inc. boosted its position in Home Bancorp by 73.1% in the fourth quarter. Bessemer Group Inc. now owns 4,500 shares of the bank’s stock valued at $174,000 after buying an additional 1,900 shares during the period. Finally, SG Americas Securities LLC bought a new position in Home Bancorp during the first quarter valued at about $259,000. Institutional investors own 78.49% of the company’s stock.

Home Bancorp Company Profile

Home Bancorp, Inc is a bank holding company for Home Bank, N.A. (the Bank). The Bank conducts business through banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi.

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