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

StockNews.com upgraded shares of Home Bancorp (NASDAQ:HBCP) from a hold rating to a buy rating in a research report released on Wednesday.

HBCP has been the subject of a number of other reports. Piper Sandler started coverage on Home Bancorp in a research note on Friday, February 21st. They set an “overweight” rating and a $60.00 target price for the company. Hovde Group downgraded Home Bancorp from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $53.00 to $54.50 in a research note on Tuesday, November 12th.

Home Bancorp Stock Performance

Shares of HBCP stock opened at $45.50 on Wednesday. The company has a market cap of $367.46 million, a price-to-earnings ratio of 10.00 and a beta of 0.71. The stock has a 50 day simple moving average of $47.59 and a 200-day simple moving average of $46.49. Home Bancorp has a 12-month low of $33.30 and a 12-month high of $52.77. 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 issued its earnings results on Monday, January 27th. The bank reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.07. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same quarter in the prior year, the business posted $1.17 earnings per share. On average, equities analysts forecast that Home Bancorp will post 4.78 EPS for the current year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were paid a $0.27 dividend. This is an increase from Home Bancorp’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Monday, February 10th. Home Bancorp’s dividend payout ratio (DPR) is presently 23.74%.

Hedge Funds Weigh In On Home Bancorp

Hedge funds have recently bought and sold shares of the company. Picton Mahoney Asset Management increased its stake in Home Bancorp by 100.7% in the 4th quarter. Picton Mahoney Asset Management now owns 590 shares of the bank’s stock valued at $27,000 after purchasing an additional 296 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Home Bancorp by 247.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,322 shares of the bank’s stock valued at $61,000 after buying an additional 942 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Home Bancorp by 73.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after buying an additional 1,009 shares during the last quarter. SG Americas Securities LLC grew its holdings in Home Bancorp by 27.2% during the 4th quarter. SG Americas Securities LLC now owns 3,125 shares of the bank’s stock valued at $144,000 after buying an additional 668 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Home Bancorp during the 4th quarter valued at $180,000. 49.41% of the stock is owned by hedge funds and other institutional investors.

Home Bancorp Company Profile

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.