Home Bancorp (NASDAQ:HBCP) Stock Price Expected to Rise, Hovde Group Analyst Says

Home Bancorp (NASDAQ:HBCP) had its target price lifted by investment analysts at Hovde Group from $62.00 to $65.50 in a report released on Wednesday, Marketbeat Ratings reports. The firm presently has a “market perform” rating on the bank’s stock. Hovde Group’s price target indicates a potential upside of 4.77% from the company’s previous close.

A number of other equities research analysts also recently issued reports on HBCP. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Bancorp in a research note on Friday, March 27th. Zacks Research cut shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $65.50.

Home Bancorp Trading Down 0.8%

Shares of NASDAQ:HBCP opened at $62.52 on Wednesday. The business’s 50 day simple moving average is $61.14 and its 200 day simple moving average is $58.62. Home Bancorp has a 1 year low of $47.96 and a 1 year high of $65.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $490.16 million, a P/E ratio of 10.51 and a beta of 0.53.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Monday, April 20th. The bank reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.06. The company had revenue of $38.22 million for the quarter, compared to analyst estimates of $33.63 million. Home Bancorp had a return on equity of 11.00% and a net margin of 22.18%.During the same period in the prior year, the firm posted $1.37 EPS. On average, research analysts anticipate that Home Bancorp will post 5.96 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Chris P. Rader bought 500 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was purchased at an average price of $59.50 per share, with a total value of $29,750.00. Following the completion of the acquisition, the director owned 17,714 shares of the company’s stock, valued at $1,053,983. The trade was a 2.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.20% of the company’s stock.

Institutional Investors Weigh In On Home Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in HBCP. PDT Partners LLC increased its position in Home Bancorp by 3.7% during the 2nd quarter. PDT Partners LLC now owns 6,798 shares of the bank’s stock worth $352,000 after purchasing an additional 245 shares in the last quarter. Rhumbline Advisers boosted its position in Home Bancorp by 2.4% in the second quarter. Rhumbline Advisers now owns 10,705 shares of the bank’s stock valued at $554,000 after buying an additional 250 shares in the last quarter. NewEdge Advisors LLC boosted its position in Home Bancorp by 0.4% in the fourth quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock valued at $6,144,000 after buying an additional 382 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Home Bancorp by 11.8% during the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock worth $258,000 after buying an additional 607 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Home Bancorp by 4.0% during the third quarter. Russell Investments Group Ltd. now owns 16,439 shares of the bank’s stock worth $893,000 after buying an additional 637 shares during the last quarter. 49.41% of the stock is 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.