Home Bancorp (NASDAQ:HBCP) Price Target Raised to $62.00

Home Bancorp (NASDAQ:HBCP) had its price objective lifted by Hovde Group from $61.00 to $62.00 in a report published on Thursday morning, MarketBeat.com reports. Hovde Group currently has a market perform rating on the bank’s stock.

Several other research firms have also commented on HBCP. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Bancorp in a report on Monday, December 29th. Zacks Research downgraded Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Home Bancorp has an average rating of “Moderate Buy” and an average target price of $63.00.

Home Bancorp Price Performance

HBCP stock opened at $59.69 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Home Bancorp has a 12-month low of $39.59 and a 12-month high of $64.17. The company has a market cap of $467.37 million, a PE ratio of 10.17 and a beta of 0.60. The stock has a 50-day moving average price of $58.94 and a two-hundred day moving average price of $55.94.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings results on Monday, January 26th. The bank reported $1.46 EPS for the quarter, topping the consensus estimate of $1.39 by $0.07. Home Bancorp had a return on equity of 11.19% and a net margin of 22.01%.The firm had revenue of $37.26 million for the quarter, compared to analyst estimates of $33.73 million. As a group, research analysts predict that Home Bancorp will post 4.78 EPS for the current year.

Home Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Monday, February 9th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, February 9th. Home Bancorp’s dividend payout ratio (DPR) is presently 21.12%.

Institutional Investors Weigh In On Home Bancorp

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in Home Bancorp in the second quarter valued at about $46,000. Tower Research Capital LLC TRC increased its stake in shares of 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 raised its position in shares of Home Bancorp by 31.1% in the second quarter. CWM LLC now owns 1,713 shares of the bank’s stock valued at $89,000 after buying an additional 406 shares in the last quarter. Canton Hathaway LLC bought a new stake in shares of Home Bancorp during the 3rd quarter worth approximately $118,000. Finally, Exencial Wealth Advisors LLC bought a new position in shares of Home Bancorp in the second quarter worth about $212,000. 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.