Home Bancorp, Inc. (NASDAQ:HBCP) Given Average Recommendation of “Buy” by Brokerages

Home Bancorp, Inc. (NASDAQ:HBCP) has been assigned a consensus rating of “Buy” from the five ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $63.00.

HBCP has been the subject of a number of research reports. Zacks Research upgraded Home Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Bancorp in a research note on Monday, December 29th. Finally, Hovde Group lifted their price objective on shares of Home Bancorp from $61.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th.

Home Bancorp Trading Up 1.1%

Shares of Home Bancorp stock opened at $62.71 on Thursday. Home Bancorp has a twelve month low of $39.59 and a twelve month high of $64.17. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $59.31 and a 200-day moving average price of $56.05. The firm has a market cap of $491.04 million, a price-to-earnings ratio of 10.62 and a beta of 0.60.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Monday, January 26th. The bank reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. The company had revenue of $37.26 million during the quarter, compared to analyst estimates of $33.73 million. Home Bancorp had a return on equity of 11.19% and a net margin of 22.01%. Equities research analysts anticipate that Home Bancorp will post 4.78 EPS for the current fiscal year.

Home Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Monday, February 9th will be given a $0.31 dividend. The ex-dividend date is Monday, February 9th. This represents a $1.24 annualized dividend and a yield of 2.0%. Home Bancorp’s dividend payout ratio (DPR) is currently 21.12%.

Institutional Investors Weigh In On Home Bancorp

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