StockNews.com Upgrades Home Bancorp (NASDAQ:HBCP) to “Buy”

Home Bancorp (NASDAQ:HBCP) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

HBCP has been the topic of a number of other reports. Hovde Group boosted their price objective on Home Bancorp from $48.50 to $51.50 and gave the company a “market perform” rating in a research note on Thursday, April 24th. Piper Sandler boosted their price objective on Home Bancorp from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, April 23rd.

Home Bancorp Trading Up 1.4%

NASDAQ HBCP opened at $51.88 on Wednesday. The business’s 50-day moving average price is $46.25 and its two-hundred day moving average price is $47.47. Home Bancorp has a 12 month low of $35.16 and a 12 month high of $52.77. The firm has a market capitalization of $404.72 million, a PE ratio of 11.40 and a beta of 0.56. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings results on Monday, April 21st. The bank reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.23. The firm had revenue of $35.76 million for the quarter, compared to analyst estimates of $30.90 million. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same quarter in the previous year, the company posted $1.14 EPS. On average, analysts expect that Home Bancorp will post 4.78 EPS for the current year.

Insider Buying and Selling

In related news, Director Daniel G. Guidry sold 500 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $52.40, for a total transaction of $26,200.00. Following the transaction, the director now directly owns 64,319 shares of the company’s stock, valued at approximately $3,370,315.60. This represents a 0.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David T. Kirkley sold 2,284 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $48.53, for a total value of $110,842.52. Following the transaction, the chief financial officer now directly owns 3,633 shares in the company, valued at approximately $176,309.49. This trade represents a 38.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,784 shares of company stock valued at $238,923. 7.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC raised its stake in Home Bancorp by 287.9% during the 3rd quarter. Barclays PLC now owns 9,142 shares of the bank’s stock worth $407,000 after buying an additional 6,785 shares during the period. JPMorgan Chase & Co. increased its holdings in Home Bancorp by 136.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,668 shares of the bank’s stock worth $654,000 after purchasing an additional 8,459 shares in the last quarter. Empowered Funds LLC increased its holdings in Home Bancorp by 5.0% during the 4th quarter. Empowered Funds LLC now owns 31,448 shares of the bank’s stock worth $1,453,000 after purchasing an additional 1,485 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Home Bancorp during the 4th quarter worth approximately $483,000. Finally, Janney Montgomery Scott LLC bought a new stake in Home Bancorp during the 4th quarter worth approximately $449,000. 49.41% of the stock is owned by institutional investors and hedge funds.

Home Bancorp Company Profile

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana, Mississippi, and Texas. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.