Analysts Set Home Bancorp, Inc. (NASDAQ:HBCP) Price Target at $59.50

Shares of Home Bancorp, Inc. (NASDAQ:HBCP) have been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $59.50.

A number of brokerages have recently issued reports on HBCP. 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 restated a “buy (b)” rating on shares of Home Bancorp in a report on Monday, December 29th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Home Bancorp by 20.9% during the 2nd quarter. American Century Companies Inc. now owns 126,791 shares of the bank’s stock valued at $6,565,000 after acquiring an additional 21,945 shares during the period. Strs Ohio bought a new position in Home Bancorp in the 1st quarter worth $502,000. Acadian Asset Management LLC lifted its position in Home Bancorp by 5.1% during the second quarter. Acadian Asset Management LLC now owns 55,627 shares of the bank’s stock valued at $2,879,000 after purchasing an additional 2,675 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Home Bancorp during the second quarter valued at about $437,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in Home Bancorp in the second quarter worth about $3,676,000. Institutional investors own 49.41% of the company’s stock.

Home Bancorp Price Performance

Home Bancorp stock opened at $59.38 on Friday. Home Bancorp has a 12 month low of $39.59 and a 12 month high of $62.15. The stock has a fifty day simple moving average of $57.22 and a two-hundred day simple moving average of $55.47. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market cap of $464.83 million, a price-to-earnings ratio of 10.57 and a beta of 0.60.

Home Bancorp (NASDAQ:HBCP) last released 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 return on equity of 10.87% and a net margin of 21.32%.The company had revenue of $37.84 million for the quarter, compared to analysts’ expectations of $33.33 million. During the same period last year, the firm posted $1.18 earnings per share. Equities analysts predict that Home Bancorp will post 4.78 EPS for the current fiscal year.

Home Bancorp Increases Dividend

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

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.