Home Bancorp (NASDAQ:HBCP) Upgraded to “Strong-Buy” at Zacks Research

Home Bancorp (NASDAQ:HBCP) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Home Bancorp in a research note on Monday, December 29th. Hovde Group lifted their target price on Home Bancorp from $61.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $63.00.

Home Bancorp Stock Up 0.9%

HBCP opened at $61.57 on Monday. Home Bancorp has a 12 month low of $39.59 and a 12 month high of $64.17. The business has a 50-day moving average of $59.19 and a two-hundred day moving average of $56.01. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $482.09 million, a price-to-earnings ratio of 10.49 and a beta of 0.60.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Monday, January 26th. The bank reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.07. Home Bancorp had a net margin of 22.01% and a return on equity of 11.19%. The business had revenue of $37.26 million for the quarter, compared to analysts’ expectations of $33.73 million. On average, research analysts expect that Home Bancorp will post 4.78 earnings per share for the current year.

Institutional Investors Weigh In On Home Bancorp

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in Home Bancorp in the 2nd quarter worth approximately $46,000. Tower Research Capital LLC TRC lifted its position in shares of Home Bancorp by 116.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock worth $74,000 after purchasing an additional 769 shares in the last quarter. CWM LLC boosted its stake in shares of Home Bancorp by 31.1% in the second quarter. CWM LLC now owns 1,713 shares of the bank’s stock valued at $89,000 after purchasing an additional 406 shares during the period. Canton Hathaway LLC acquired a new stake in Home Bancorp during the 3rd quarter valued at $118,000. Finally, Exencial Wealth Advisors LLC purchased a new stake in Home Bancorp during the 2nd quarter worth $212,000. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

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.