Home Bancorp, Inc. (NASDAQ:HBCP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Home Bancorp, Inc. (NASDAQ:HBCP) have been given an average recommendation of “Moderate Buy” by the five brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $59.50.

HBCP has been the topic of a number of research analyst reports. Zacks Research downgraded shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Bancorp in a research note on Monday, December 29th.

Home Bancorp Stock Down 1.9%

HBCP opened at $59.20 on Friday. Home Bancorp has a fifty-two week low of $39.59 and a fifty-two week high of $62.15. The firm has a market capitalization of $463.42 million, a P/E ratio of 10.53 and a beta of 0.60. The company’s 50-day moving average is $56.97 and its 200 day moving average is $55.33. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.97 and a quick ratio of 0.97.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Monday, October 20th. The bank reported $1.59 EPS for the quarter, beating the consensus estimate of $1.37 by $0.22. Home Bancorp had a net margin of 21.32% and a return on equity of 10.87%. The firm had revenue of $37.84 million during the quarter, compared to analyst estimates of $33.33 million. During the same quarter last year, the business posted $1.18 EPS. Research analysts expect that Home Bancorp will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.1%. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, November 3rd. Home Bancorp’s dividend payout ratio is currently 22.06%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Home Bancorp during the 2nd quarter worth $46,000. Tower Research Capital LLC TRC boosted 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 worth $74,000 after purchasing an additional 769 shares during the period. CWM LLC increased its stake in shares of Home Bancorp by 31.1% in the second quarter. CWM LLC now owns 1,713 shares of the bank’s stock worth $89,000 after purchasing an additional 406 shares in the last quarter. Canton Hathaway LLC bought a new stake in shares of Home Bancorp in the third quarter valued at approximately $118,000. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in shares of Home Bancorp in the second quarter valued at approximately $207,000. Hedge funds and other institutional investors own 49.41% of the company’s stock.

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.