BidaskClub upgraded shares of Home Bancorp (NASDAQ:HBCP) from a hold rating to a buy rating in a report released on Thursday morning.
HBCP has been the topic of several other reports. ValuEngine lowered shares of Home Bancorp from a buy rating to a hold rating in a research note on Wednesday, May 2nd. Sandler O’Neill set a $48.00 price target on shares of Home Bancorp and gave the stock a hold rating in a research note on Tuesday, April 24th. Finally, Zacks Investment Research lowered shares of Home Bancorp from a hold rating to a sell rating in a research note on Thursday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $48.00.
Shares of HBCP opened at $47.85 on Thursday. Home Bancorp has a twelve month low of $34.12 and a twelve month high of $48.47. The firm has a market capitalization of $446.20 million, a PE ratio of 15.95 and a beta of 0.12. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24.
Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Tuesday, April 24th. The bank reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.17. Home Bancorp had a net margin of 21.91% and a return on equity of 10.11%. The business had revenue of $25.99 million for the quarter, compared to analyst estimates of $25.03 million. equities analysts expect that Home Bancorp will post 3.5 EPS for the current year.
In related news, Director Paul J. Blanchet III sold 1,000 shares of Home Bancorp stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $44.91, for a total transaction of $44,910.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 13.20% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Home Bancorp by 2.1% during the 1st quarter. BlackRock Inc. now owns 283,247 shares of the bank’s stock worth $12,228,000 after acquiring an additional 5,916 shares in the last quarter. Jacobs Asset Management LLC raised its stake in Home Bancorp by 16.2% during the 1st quarter. Jacobs Asset Management LLC now owns 272,219 shares of the bank’s stock worth $11,752,000 after acquiring an additional 38,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in Home Bancorp by 42.4% during the 4th quarter. Renaissance Technologies LLC now owns 235,500 shares of the bank’s stock worth $10,178,000 after acquiring an additional 70,114 shares in the last quarter. Thomson Horstmann & Bryant Inc. raised its stake in Home Bancorp by 3.4% during the 1st quarter. Thomson Horstmann & Bryant Inc. now owns 125,225 shares of the bank’s stock worth $5,405,000 after acquiring an additional 4,072 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Home Bancorp by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 114,346 shares of the bank’s stock worth $4,936,000 after acquiring an additional 7,861 shares in the last quarter. Hedge funds and other institutional investors own 37.13% of the company’s stock.
About Home Bancorp
Home Bancorp, Inc operates as the holding company for Home Bank, National Association that provides various banking products and services in Louisiana. It offers deposits products, including interest-bearing and noninterest-bearing checking, money market, savings, and certificates of deposit accounts.
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