Home Bancorp, Inc. (NASDAQ:HBCP) Receives $63.00 Consensus Target Price from Brokerages

Home Bancorp, Inc. (NASDAQ:HBCP) has earned a consensus recommendation of “Hold” from the five analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $65.50.

Several research firms have commented on HBCP. Weiss Ratings reissued a “buy (b)” rating on shares of Home Bancorp in a report on Friday, March 27th. Zacks Research lowered shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Hovde Group lifted their price target on shares of Home Bancorp from $62.00 to $65.50 and gave the company a “market perform” rating in a report on Wednesday, April 22nd. Finally, Piper Sandler lowered shares of Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 price target on the stock. in a report on Wednesday, April 22nd.

Insider Activity

In related news, Director Chris P. Rader purchased 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average cost of $59.50 per share, with a total value of $29,750.00. Following the acquisition, the director owned 17,714 shares of the company’s stock, valued at $1,053,983. This trade represents a 2.90% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 6.20% of the company’s stock.

Institutional Investors Weigh In On Home Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in HBCP. Royal Bank of Canada grew its holdings in shares of Home Bancorp by 11.8% during the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock valued at $258,000 after purchasing an additional 607 shares during the last quarter. AQR Capital Management LLC grew its holdings in Home Bancorp by 80.7% during the 1st quarter. AQR Capital Management LLC now owns 12,258 shares of the bank’s stock worth $549,000 after acquiring an additional 5,476 shares during the last quarter. Empowered Funds LLC grew its holdings in Home Bancorp by 7.3% during the 1st quarter. Empowered Funds LLC now owns 33,749 shares of the bank’s stock worth $1,512,000 after acquiring an additional 2,301 shares during the last quarter. Jane Street Group LLC bought a new stake in Home Bancorp during the 1st quarter worth approximately $612,000. Finally, JPMorgan Chase & Co. grew its holdings in Home Bancorp by 9.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,669 shares of the bank’s stock worth $1,122,000 after acquiring an additional 1,878 shares during the last quarter. 49.41% of the stock is owned by institutional investors.

Home Bancorp Price Performance

HBCP stock opened at $62.82 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.13. Home Bancorp has a 12 month low of $47.96 and a 12 month high of $65.94. The firm has a market cap of $492.38 million, a P/E ratio of 10.56 and a beta of 0.53. The company’s 50-day moving average price is $61.19 and its two-hundred day moving average price is $58.79.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Monday, April 20th. The bank reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. Home Bancorp had a net margin of 22.18% and a return on equity of 11.00%. The firm had revenue of $38.22 million for the quarter, compared to analyst estimates of $33.63 million. During the same period last year, the firm earned $1.37 EPS. On average, analysts anticipate that Home Bancorp will post 5.92 earnings per share for the current fiscal year.

Home Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.24 annualized dividend and a dividend yield of 2.0%. Home Bancorp’s payout ratio is 20.84%.

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.