Home Bancorp (NASDAQ:HBCP) Upgraded to Buy at StockNews.com

Home Bancorp (NASDAQ:HBCP) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other research analysts have also weighed in on HBCP. Raymond James raised Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Monday, October 21st. Hovde Group downgraded shares of Home Bancorp from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $53.00 to $54.50 in a report on Tuesday, November 12th.

Home Bancorp Stock Performance

NASDAQ HBCP traded up $1.18 on Friday, hitting $46.29. 48,721 shares of the stock were exchanged, compared to its average volume of 31,510. The business’s fifty day moving average is $48.55 and its 200 day moving average is $44.24. Home Bancorp has a 52 week low of $33.30 and a 52 week high of $52.39. The company has a market capitalization of $373.84 million, a PE ratio of 10.26 and a beta of 0.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Thursday, October 17th. The bank reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.21. The business had revenue of $34.07 million during the quarter, compared to the consensus estimate of $33.10 million. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%. Research analysts anticipate that Home Bancorp will post 4.48 EPS for the current fiscal year.

Institutional Trading of Home Bancorp

Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of Home Bancorp by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock worth $1,438,000 after buying an additional 2,672 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Home Bancorp by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank’s stock worth $15,938,000 after acquiring an additional 8,219 shares during the period. NewEdge Advisors LLC raised its stake in Home Bancorp by 120.9% in the 2nd quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock worth $5,615,000 after purchasing an additional 76,812 shares in the last quarter. SG Americas Securities LLC bought a new stake in Home Bancorp in the 3rd quarter valued at about $110,000. Finally, Montz Harcus Wealth Management LLC acquired a new position in shares of Home Bancorp during the 3rd quarter worth approximately $1,598,000. 49.41% of the stock is currently owned by institutional investors.

About Home Bancorp

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana, Mississippi, and Texas. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.