BidaskClub upgraded shares of Home Bancorp (NASDAQ:HBCP) from a sell rating to a hold rating in a research note released on Wednesday.

Separately, Zacks Investment Research upgraded Home Bancorp from a hold rating to a buy rating and set a $54.00 price target on the stock in a research report on Wednesday, June 27th.

HBCP opened at $45.05 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 0.97. Home Bancorp has a 1 year low of $34.12 and a 1 year high of $48.47. The company has a market cap of $424.02 million, a P/E ratio of 16.26 and a beta of 0.07.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings results on Thursday, July 26th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. Home Bancorp had a return on equity of 10.63% and a net margin of 23.13%. The business had revenue of $26.68 million for the quarter, compared to analyst estimates of $25.73 million. research analysts forecast that Home Bancorp will post 3.57 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 17th. Investors of record on Monday, August 6th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.69%. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, August 3rd. Home Bancorp’s dividend payout ratio (DPR) is presently 27.44%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Home Bancorp by 37.1% during the 2nd quarter. BlackRock Inc. now owns 388,382 shares of the bank’s stock worth $18,080,000 after acquiring an additional 105,135 shares during the last quarter. Jacobs Asset Management LLC lifted its holdings in Home Bancorp by 16.2% in the 1st quarter. Jacobs Asset Management LLC now owns 272,219 shares of the bank’s stock worth $11,752,000 after buying an additional 38,000 shares during the period. Renaissance Technologies LLC lifted its holdings in Home Bancorp by 11.5% in the 2nd quarter. Renaissance Technologies LLC now owns 235,300 shares of the bank’s stock worth $10,953,000 after buying an additional 24,200 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Home Bancorp by 27.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 145,472 shares of the bank’s stock worth $6,772,000 after buying an additional 31,126 shares during the period. Finally, Thomson Horstmann & Bryant Inc. lifted its holdings in Home Bancorp by 3.4% in the 1st quarter. Thomson Horstmann & Bryant Inc. now owns 125,225 shares of the bank’s stock worth $5,405,000 after buying an additional 4,072 shares during the period. Institutional investors and hedge funds own 38.97% of the company’s stock.

Home Bancorp Company Profile

Home Bancorp, Inc operates as the holding company for Home Bank, National Association that provides various banking products and services in Louisiana. It offers deposits products, including interest-bearing and noninterest-bearing checking, money market, savings, and certificates of deposit accounts.

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