Brokerages Set Home Bancorp, Inc. (NASDAQ:HBCP) Target Price at $63.00

Shares of Home Bancorp, Inc. (NASDAQ:HBCP) have received an average recommendation of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $65.50.

A number of brokerages have issued reports on HBCP. Weiss Ratings reissued a “buy (b)” rating on shares of Home Bancorp in a report on Friday, March 27th. Piper Sandler downgraded Home Bancorp from an “overweight” rating to a “neutral” rating and set a $69.00 target price for the company. in a research note on Wednesday. Hovde Group upped their target price on Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Zacks Research downgraded Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th.

Insider Buying and Selling at Home Bancorp

In other Home Bancorp news, Director Chris P. Rader bought 500 shares of Home Bancorp stock in a transaction dated Thursday, February 19th. The stock was acquired at an average cost of $59.50 per share, with a total value of $29,750.00. Following the purchase, the director directly owned 17,714 shares in the company, valued at $1,053,983. This represents a 2.90% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 6.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Home Bancorp

A number of hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Home Bancorp during the second quarter valued at approximately $46,000. Tower Research Capital LLC TRC increased its position in shares of Home Bancorp by 116.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock worth $74,000 after purchasing an additional 769 shares in the last quarter. Canton Hathaway LLC purchased a new stake in shares of Home Bancorp during the third quarter worth approximately $118,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Home Bancorp during the fourth quarter worth approximately $202,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Home Bancorp during the fourth quarter worth approximately $208,000. Institutional investors and hedge funds own 49.41% of the company’s stock.

Home Bancorp Trading Down 0.8%

Shares of NASDAQ:HBCP opened at $62.52 on Tuesday. Home Bancorp has a 12-month low of $47.96 and a 12-month high of $65.94. The company has a market capitalization of $490.16 million, a PE ratio of 10.51 and a beta of 0.53. The business has a 50 day moving average of $61.14 and a two-hundred day moving average of $58.62. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.13.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Monday, April 20th. The bank reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. Home Bancorp had a return on equity of 11.00% and a net margin of 22.18%.The company had revenue of $38.22 million during the quarter, compared to the consensus estimate of $33.63 million. During the same period in the previous year, the company posted $1.37 earnings per share. As a group, analysts forecast that Home Bancorp will post 5.96 EPS for the current year.

Home Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, May 4th. Home Bancorp’s dividend payout ratio is presently 20.84%.

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.