Home Bancorp (NASDAQ:HBCP) Sets New 52-Week High – Here’s What Happened

Home Bancorp, Inc. (NASDAQ:HBCP) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $64.12 and last traded at $64.31, with a volume of 20804 shares. The stock had previously closed at $63.33.

Analysts Set New Price Targets

Several research firms have weighed in on HBCP. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Bancorp in a report on Monday, December 29th. Zacks Research cut shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.50.

Home Bancorp Stock Down 4.4%

The company has a market cap of $472.31 million, a PE ratio of 10.73 and a beta of 0.60. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $58.33 and its 200 day moving average is $55.82.

Institutional Investors Weigh In On Home Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in Home Bancorp by 19.2% in the third quarter. JPMorgan Chase & Co. now owns 25,823 shares of the bank’s stock worth $1,403,000 after purchasing an additional 4,154 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Home Bancorp by 10.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 8,936 shares of the bank’s stock valued at $485,000 after buying an additional 841 shares in the last quarter. Polymer Capital Management US LLC purchased a new position in shares of Home Bancorp in the 3rd quarter worth approximately $312,000. Qube Research & Technologies Ltd raised its stake in shares of Home Bancorp by 20.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 40,179 shares of the bank’s stock worth $2,183,000 after acquiring an additional 6,873 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Home Bancorp during the 3rd quarter valued at $932,000. Institutional investors own 49.41% of the company’s stock.

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.