Home Bancorp, Inc. (NASDAQ:HBCP) Receives $63.00 Consensus Price Target from Brokerages

Shares of Home Bancorp, Inc. (NASDAQ:HBCP) have been assigned an average recommendation of “Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $63.00.

Several equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Home Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Home Bancorp in a research note on Monday, December 29th. Finally, Hovde Group upped their target price on Home Bancorp from $61.00 to $62.00 and gave the stock a “market perform” rating in a report on Thursday, January 29th.

Home Bancorp Price Performance

NASDAQ:HBCP opened at $60.09 on Friday. Home Bancorp has a 1-year low of $39.59 and a 1-year high of $64.17. The company has a 50-day moving average of $60.38 and a 200 day moving average of $57.62. The firm has a market cap of $471.11 million, a PE ratio of 10.24 and a beta of 0.58. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.97 and a quick 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 (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.07. Home Bancorp had a net margin of 22.01% and a return on equity of 11.03%. The company had revenue of $38.05 million for the quarter, compared to analysts’ expectations of $33.73 million. As a group, research analysts anticipate that Home Bancorp will post 4.78 EPS for the current fiscal year.

Home Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 9th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, February 9th. Home Bancorp’s payout ratio is presently 21.12%.

Insider Buying and Selling at Home Bancorp

In related news, Director Chris P. Rader acquired 500 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average price of $59.50 per share, with a total value of $29,750.00. Following the completion of the transaction, the director directly owned 17,714 shares in the company, valued at $1,053,983. This trade represents a 2.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Home Bancorp

A number of large investors have recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Home Bancorp by 64.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock valued at $6,468,000 after acquiring an additional 46,546 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in Home Bancorp by 52.6% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 108,314 shares of the bank’s stock worth $5,884,000 after purchasing an additional 37,318 shares in the last quarter. Marshall Wace LLP boosted its stake in Home Bancorp by 636.7% in the 2nd quarter. Marshall Wace LLP now owns 42,027 shares of the bank’s stock worth $2,176,000 after purchasing an additional 36,322 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Home Bancorp by 668.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 38,040 shares of the bank’s stock worth $1,970,000 after purchasing an additional 33,090 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Home Bancorp by 41.4% during the 4th quarter. AQR Capital Management LLC now owns 103,243 shares of the bank’s stock worth $5,967,000 after purchasing an additional 30,224 shares during the last quarter. 49.41% of the stock is currently owned by institutional investors.

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.