Hovde Group Forecasts Strong Price Appreciation for Home Bancorp (NASDAQ:HBCP) Stock

Home Bancorp (NASDAQ:HBCP) had its price target hoisted by stock analysts at Hovde Group from $61.00 to $62.00 in a report released on Thursday, MarketBeat Ratings reports. The brokerage presently has a “market perform” rating on the bank’s stock. Hovde Group’s price target would indicate a potential upside of 6.15% from the company’s current price.

Several other research firms also recently commented on HBCP. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Bancorp in a research note on Monday, December 29th. Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.00.

Home Bancorp Price Performance

Shares of NASDAQ:HBCP opened at $58.41 on Thursday. The company has a market capitalization of $457.35 million, a P/E ratio of 9.95 and a beta of 0.60. The company’s 50-day moving average is $58.72 and its 200 day moving average is $55.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 0.97. Home Bancorp has a fifty-two week low of $39.59 and a fifty-two week high of $64.17.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Monday, January 26th. The bank reported $1.46 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 analyst estimates of $33.73 million. On average, equities research analysts forecast that Home Bancorp will post 4.78 earnings per share for the current year.

Hedge Funds Weigh In On Home Bancorp

Hedge funds have recently made changes to their positions in the stock. Hillsdale Investment Management Inc. purchased a new stake in Home Bancorp during the 2nd quarter worth about $3,676,000. Hotchkis & Wiley Capital Management LLC increased its position in shares of Home Bancorp by 64.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock valued at $6,468,000 after buying an additional 46,546 shares during the period. Marshall Wace LLP lifted its holdings in shares of Home Bancorp by 636.7% in the second quarter. Marshall Wace LLP now owns 42,027 shares of the bank’s stock worth $2,176,000 after buying an additional 36,322 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Home Bancorp by 668.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 38,040 shares of the bank’s stock worth $1,970,000 after buying an additional 33,090 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of Home Bancorp by 449.1% in the second quarter. Qube Research & Technologies Ltd now owns 33,306 shares of the bank’s stock valued at $1,725,000 after acquiring an additional 27,240 shares during the period. 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.