Zacks: Brokerages Set $43.00 Price Target for Home Bancorp, Inc. (HBCP)
Shares of Home Bancorp, Inc. (NASDAQ:HBCP) have been assigned a consensus broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a hold rating.
Brokers have set a 12-month consensus target price of $43.00 for the company and are forecasting that the company will post $0.62 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Home Bancorp an industry rank of 216 out of 265 based on the ratings given to related companies.
Several equities analysts recently issued reports on HBCP shares. UBS AG lowered shares of Home Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 26th. Zacks Investment Research lowered shares of Home Bancorp from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub lowered shares of Home Bancorp from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Sandler O’Neill restated a “hold” rating and issued a $46.00 target price on shares of Home Bancorp in a report on Wednesday, October 18th. Finally, Raymond James Financial, Inc. lowered shares of Home Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 26th.
Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The business had revenue of $18.25 million for the quarter, compared to analyst estimates of $18.54 million. Home Bancorp had a return on equity of 9.72% and a net margin of 22.54%. research analysts anticipate that Home Bancorp will post 2.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, November 6th were issued a $0.14 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.56 annualized dividend and a yield of 1.37%. Home Bancorp’s payout ratio is 22.67%.
In related news, CEO John W. Bordelon sold 15,578 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $43.59, for a total value of $679,045.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.50% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in HBCP. State Street Corp lifted its holdings in Home Bancorp by 40.4% in the second quarter. State Street Corp now owns 119,022 shares of the bank’s stock valued at $5,063,000 after buying an additional 34,273 shares during the period. OxFORD Asset Management LLP bought a new stake in Home Bancorp in the second quarter valued at $839,000. Thomson Horstmann & Bryant Inc. increased its stake in Home Bancorp by 19.5% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 120,681 shares of the bank’s stock valued at $5,131,000 after purchasing an additional 19,719 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in Home Bancorp in the second quarter valued at $752,000. Finally, First Trust Advisors LP bought a new stake in Home Bancorp in the second quarter valued at $687,000. Institutional investors and hedge funds own 43.66% 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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