Analysts Set $43.00 Price Target for Home Bancorp, Inc. (HBCP)
Shares of Home Bancorp, Inc. (NASDAQ:HBCP) have earned an average broker rating score of 3.00 (Hold) from the three analysts that cover the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold rating.
Brokers have set a 1-year consensus target price of $43.00 for the company and are expecting that the company will post $0.62 EPS for the current quarter, according to Zacks. Zacks has also given Home Bancorp an industry rank of 219 out of 265 based on the ratings given to its competitors.
Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 24th. Raymond James Financial, Inc. cut Home Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 26th. UBS Group AG (USA) cut Home Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 26th. BidaskClub cut Home Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Sandler O’Neill restated a “hold” rating and set a $46.00 target price on shares of Home Bancorp in a report on Wednesday, October 18th.
Shares of Home Bancorp (HBCP) traded down $0.70 during mid-day trading on Friday, reaching $40.97. The company had a trading volume of 21,132 shares, compared to its average volume of 39,049. The stock has a market cap of $303.82, a PE ratio of 16.66 and a beta of 0.25. Home Bancorp has a 52 week low of $27.50 and a 52 week high of $47.20. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.99 and a quick ratio of 0.99.
Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Tuesday, October 24th. The bank reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.04). The company had revenue of $18.25 million for the quarter, compared to analysts’ expectations of $18.54 million. Home Bancorp had a net margin of 22.54% and a return on equity of 9.83%. research analysts anticipate that Home Bancorp will post 2.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Monday, November 6th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.37%. The ex-dividend date is Friday, November 3rd. Home Bancorp’s dividend payout ratio (DPR) is currently 22.67%.
In other Home Bancorp news, CEO John W. Bordelon sold 15,578 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $43.59, for a total value of $679,045.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. lifted its holdings in Home Bancorp by 18.8% in the 3rd quarter. Bessemer Group Inc. now owns 10,100 shares of the bank’s stock worth $422,000 after buying an additional 1,600 shares during the period. Chicago Equity Partners LLC lifted its holdings in Home Bancorp by 59.8% in the 3rd quarter. Chicago Equity Partners LLC now owns 28,254 shares of the bank’s stock worth $1,182,000 after buying an additional 10,569 shares during the period. Wedge Capital Management L L P NC lifted its holdings in Home Bancorp by 68.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 15,800 shares of the bank’s stock worth $661,000 after buying an additional 6,400 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Home Bancorp by 0.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 49,973 shares of the bank’s stock worth $2,125,000 after buying an additional 158 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Home Bancorp by 14.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,812 shares of the bank’s stock worth $290,000 after buying an additional 866 shares during the period. Institutional investors and hedge funds own 42.86% of the company’s stock.
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About Home Bancorp
Home Bancorp, Inc is a bank holding company for Home Bank, N.A. (the Bank). The Bank conducts business through banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi.
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