Home Bancorp, Inc. (NASDAQ:HBCP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Home Bancorp, Inc. (NASDAQ:HBCP) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $59.50.

Several research firms recently weighed in on HBCP. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Bancorp in a research report on Saturday, September 27th. Raymond James Financial lifted their price objective on Home Bancorp from $52.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Finally, Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Home Bancorp in the second quarter valued at about $46,000. CWM LLC lifted its holdings in Home Bancorp by 92.2% in the 1st quarter. CWM LLC now owns 1,307 shares of the bank’s stock worth $59,000 after purchasing an additional 627 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Home Bancorp by 116.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock worth $74,000 after purchasing an additional 769 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in Home Bancorp in the 2nd quarter worth approximately $207,000. Finally, Exencial Wealth Advisors LLC purchased a new position in Home Bancorp in the 2nd quarter worth approximately $212,000. Hedge funds and other institutional investors own 49.41% of the company’s stock.

Home Bancorp Stock Performance

HBCP opened at $54.44 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The company has a market cap of $425.72 million, a price-to-earnings ratio of 10.45 and a beta of 0.62. The company’s 50 day moving average is $54.42 and its 200 day moving average is $51.45. Home Bancorp has a 12-month low of $39.59 and a 12-month high of $61.07.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings results on Monday, July 21st. The bank reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.21. The business had revenue of $37.07 million for the quarter, compared to analysts’ expectations of $32.07 million. Home Bancorp had a net margin of 20.09% and a return on equity of 10.34%. On average, equities research analysts predict that Home Bancorp will post 4.78 EPS for the current year.

Home Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were paid a dividend of $0.29 per share. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, August 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.1%. Home Bancorp’s dividend payout ratio is presently 22.26%.

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.