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

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

Other equities research analysts also recently issued research reports about 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 report on Tuesday, November 12th. Raymond James raised Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Monday, October 21st.

Home Bancorp Stock Down 0.8 %

Home Bancorp stock opened at $49.20 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $397.54 million, a PE ratio of 10.81 and a beta of 0.71. Home Bancorp has a fifty-two week low of $33.30 and a fifty-two week high of $52.77. The firm’s 50-day simple moving average is $47.69 and its 200 day simple moving average is $45.95.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Monday, January 27th. The bank reported $1.21 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 previous year, the business posted $1.17 EPS. Research analysts predict that Home Bancorp will post 4.78 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Monday, February 10th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, February 10th. This is a boost from Home Bancorp’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 2.20%. Home Bancorp’s dividend payout ratio is currently 23.74%.

Institutional Investors Weigh In On Home Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management lifted its stake in Home Bancorp by 100.7% in the fourth quarter. Picton Mahoney Asset Management now owns 590 shares of the bank’s stock worth $27,000 after acquiring an additional 296 shares during the period. Tower Research Capital LLC TRC raised its holdings in Home Bancorp by 247.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,322 shares of the bank’s stock worth $61,000 after purchasing an additional 942 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Home Bancorp by 73.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock worth $106,000 after purchasing an additional 1,009 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Home Bancorp in the 3rd quarter worth about $110,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Home Bancorp during the 4th quarter valued at about $180,000. Hedge funds and other institutional investors own 49.41% of the company’s stock.

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.