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

Home Bancorp, Inc. (NASDAQ:HBCP) has been assigned an average recommendation of “Buy” from the five brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $63.00.

A number of analysts have commented on HBCP shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Bancorp in a research report on Monday, December 29th. Zacks Research upgraded shares of Home Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, Hovde Group upped their price objective on shares of Home Bancorp from $61.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, January 29th.

Home Bancorp Price Performance

Shares of HBCP stock opened at $63.04 on Thursday. Home Bancorp has a fifty-two week low of $39.59 and a fifty-two week high of $64.17. The firm has a market capitalization of $493.48 million, a price-to-earnings ratio of 10.74 and a beta of 0.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s 50-day simple moving average is $59.59 and its 200-day simple moving average is $56.13.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Monday, January 26th. The bank reported $1.46 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 11.19%. The business had revenue of $37.26 million during the quarter, compared to the consensus estimate of $33.73 million. As a group, equities analysts forecast that Home Bancorp will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Monday, February 9th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, February 9th. Home Bancorp’s payout ratio is currently 21.12%.

Institutional Trading of Home Bancorp

Several institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of Home Bancorp in the second quarter valued at approximately $46,000. Tower Research Capital LLC TRC lifted its position in shares of Home Bancorp by 116.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after acquiring an additional 769 shares in the last quarter. CWM LLC lifted its position in shares of Home Bancorp by 31.1% in the second quarter. CWM LLC now owns 1,713 shares of the bank’s stock valued at $89,000 after acquiring an additional 406 shares in the last quarter. Canton Hathaway LLC acquired a new stake in shares of Home Bancorp in the third quarter worth approximately $118,000. Finally, Exencial Wealth Advisors LLC purchased a new stake in shares of Home Bancorp during the second quarter worth approximately $212,000. 49.41% of the stock is owned by institutional investors and hedge funds.

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.