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

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

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

Home Bancorp Stock Up 1.9%

Shares of NASDAQ:HBCP opened at $59.53 on Thursday. The firm has a fifty day moving average price of $58.85 and a two-hundred day moving average price of $55.92. The company has a market cap of $466.12 million, a price-to-earnings ratio of 10.14 and a beta of 0.60. 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 has a one year low of $39.59 and a one year high of $64.17.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings data on Monday, January 26th. The bank reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.07. The company had revenue of $37.26 million for the quarter, compared to the consensus estimate of $33.73 million. Home Bancorp had a return on equity of 11.19% and a net margin of 22.01%. Analysts anticipate that Home Bancorp will post 4.78 EPS for the current fiscal year.

Home Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Monday, February 9th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, February 9th. Home Bancorp’s dividend payout ratio is currently 21.12%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. American Century Companies Inc. raised its holdings in Home Bancorp by 20.9% in the 2nd quarter. American Century Companies Inc. now owns 126,791 shares of the bank’s stock worth $6,565,000 after purchasing an additional 21,945 shares in the last quarter. TrueMark Investments LLC purchased a new position in shares of Home Bancorp during the third quarter valued at about $1,054,000. Acadian Asset Management LLC raised its stake in Home Bancorp by 5.1% in the second quarter. Acadian Asset Management LLC now owns 55,627 shares of the bank’s stock worth $2,879,000 after buying an additional 2,675 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in Home Bancorp in the second quarter worth about $3,676,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Home Bancorp in the second quarter worth about $437,000. 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.