Home Bancorp (NASDAQ:HBCP) Upgraded at Zacks Research

Zacks Research upgraded shares of Home Bancorp (NASDAQ:HBCP) from a hold rating to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Bancorp in a report on Monday, December 29th. Hovde Group upped their target price on shares of Home Bancorp from $61.00 to $62.00 and gave the stock a “market perform” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $63.00.

Home Bancorp Price Performance

Shares of NASDAQ:HBCP opened at $62.01 on Monday. Home Bancorp has a one year low of $39.59 and a one year high of $64.17. The stock has a market capitalization of $485.54 million, a price-to-earnings ratio of 10.56 and a beta of 0.60. The company has a 50-day simple moving average of $59.31 and a 200-day simple moving average of $56.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 0.97.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Monday, January 26th. The bank reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.07. The business had revenue of $37.26 million for the quarter, compared to the consensus estimate of $33.73 million. Home Bancorp had a net margin of 22.01% and a return on equity of 11.19%. On average, 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. Stockholders of record on Monday, February 9th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. Home Bancorp’s dividend payout ratio is currently 21.12%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HBCP. Hillsdale Investment Management Inc. purchased a new position in shares of Home Bancorp in the 2nd quarter valued at $3,676,000. Hotchkis & Wiley Capital Management LLC increased its holdings in Home Bancorp by 64.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock valued at $6,468,000 after purchasing an additional 46,546 shares in the last quarter. Marshall Wace LLP increased its holdings in Home Bancorp by 636.7% in the 2nd quarter. Marshall Wace LLP now owns 42,027 shares of the bank’s stock valued at $2,176,000 after purchasing an additional 36,322 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Home Bancorp by 668.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 38,040 shares of the bank’s stock valued at $1,970,000 after purchasing an additional 33,090 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in Home Bancorp by 449.1% in the second quarter. Qube Research & Technologies Ltd now owns 33,306 shares of the bank’s stock valued at $1,725,000 after purchasing an additional 27,240 shares during the period. Institutional investors and hedge funds own 49.41% of the company’s stock.

About Home Bancorp

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.