Home Bancorp, Inc. (NASDAQ:HBCP) Receives $63.00 Consensus PT from Analysts

Shares of Home Bancorp, Inc. (NASDAQ:HBCP) have been given an average recommendation of “Buy” by the five analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $63.00.

Several analysts have recently weighed in on the stock. Zacks Research upgraded shares of Home Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Home Bancorp in a research note on Monday, December 29th. Finally, Hovde Group lifted their price objective on 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 Stock Performance

HBCP opened at $60.90 on Monday. The stock’s 50 day simple moving average is $60.27 and its 200-day simple moving average is $57.15. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market cap of $476.85 million, a PE ratio of 10.37 and a beta of 0.58. Home Bancorp has a 1 year low of $39.59 and a 1 year high of $64.17.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings results on Monday, January 26th. The bank reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.07. The firm 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%. Sell-side analysts forecast that Home Bancorp will post 4.78 EPS for the current year.

Home Bancorp Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Chris P. Rader bought 500 shares of Home Bancorp stock in a transaction dated Thursday, February 19th. The shares were bought at an average price of $59.50 per share, for a total transaction of $29,750.00. Following the purchase, the director owned 17,714 shares of the company’s stock, valued at approximately $1,053,983. This trade represents 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 this link. 7.90% of the stock is owned by company insiders.

Institutional Trading of Home Bancorp

Large investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. acquired a new stake in shares of Home Bancorp during the second quarter worth approximately $3,676,000. Hotchkis & Wiley Capital Management LLC increased its holdings in Home Bancorp by 64.2% during 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% during 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 2nd 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 last quarter. Finally, AQR Capital Management LLC boosted its stake in Home Bancorp by 41.4% in the fourth 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 in the last quarter. 49.41% of the stock is owned by institutional investors.

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.