Analysts Set Home Bancorp, Inc. (NASDAQ:HBCP) PT at $63.00

Shares of Home Bancorp, Inc. (NASDAQ:HBCP) have received an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $63.00.

Several equities analysts have weighed in on the stock. Hovde Group raised their target price on shares of Home Bancorp from $61.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Bancorp in a research note on Friday, March 27th. Finally, Zacks Research downgraded shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday.

Home Bancorp Stock Down 0.6%

Shares of NASDAQ HBCP opened at $61.39 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $60.32 and a 200 day moving average price of $57.74. Home Bancorp has a 52-week low of $39.59 and a 52-week high of $64.17. The stock has a market cap of $481.30 million, a PE ratio of 10.46 and a beta of 0.53.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Monday, January 26th. The bank reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.07. Home Bancorp had a return on equity of 11.03% and a net margin of 22.01%.The business had revenue of $38.05 million during the quarter, compared to the consensus estimate of $33.73 million. Equities research analysts forecast that Home Bancorp will post 4.78 earnings per share for the current year.

Home Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 9th were issued a $0.31 dividend. The ex-dividend date was Monday, February 9th. This represents a $1.24 annualized dividend and a yield of 2.0%. Home Bancorp’s payout ratio is 21.12%.

Insider Activity

In other news, Director Chris P. Rader purchased 500 shares of the stock in a transaction on Thursday, February 19th. The stock was purchased at an average price of $59.50 per share, with a total value of $29,750.00. Following the completion of the transaction, the director owned 17,714 shares in the company, valued at approximately $1,053,983. The trade was a 2.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 7.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Home Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of HBCP. Raymond James Financial Inc. acquired a new stake in Home Bancorp during the 2nd quarter worth approximately $46,000. Tower Research Capital LLC TRC lifted its position in Home Bancorp by 116.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after buying an additional 769 shares in the last quarter. Canton Hathaway LLC purchased a new stake in Home Bancorp during the third quarter worth approximately $118,000. Occudo Quantitative Strategies LP acquired a new stake in shares of Home Bancorp in the fourth quarter worth $202,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Home Bancorp in the fourth quarter valued at about $208,000. 49.41% of the stock is owned by institutional investors and hedge funds.

Home Bancorp Company Profile

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.