Home Bancorp (NASDAQ:HBCP) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Home Bancorp (NASDAQ:HBCP) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Hovde Group increased their price objective on shares of Home Bancorp from $61.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Bancorp in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $63.00.

Home Bancorp Price Performance

NASDAQ:HBCP opened at $61.57 on Monday. The business’s 50-day simple moving average is $59.19 and its two-hundred day simple moving average is $56.01. Home Bancorp has a 52 week low of $39.59 and a 52 week high of $64.17. The stock has a market cap of $482.09 million, a PE ratio of 10.49 and a beta of 0.60. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.14.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Monday, January 26th. The bank reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.07. The firm had revenue of $37.26 million during the quarter, compared to analysts’ expectations of $33.73 million. Home Bancorp had a return on equity of 11.19% and a net margin of 22.01%. As a group, analysts forecast that Home Bancorp will post 4.78 EPS for the current fiscal year.

Home Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Monday, February 9th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, February 9th. Home Bancorp’s payout ratio is currently 21.12%.

Hedge Funds Weigh In On Home Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the business. PDT Partners LLC raised its position in shares of Home Bancorp by 3.7% during the 2nd quarter. PDT Partners LLC now owns 6,798 shares of the bank’s stock valued at $352,000 after buying an additional 245 shares in the last quarter. Rhumbline Advisers increased its stake in Home Bancorp by 2.4% during the second quarter. Rhumbline Advisers now owns 10,705 shares of the bank’s stock worth $554,000 after acquiring an additional 250 shares during the last quarter. Summit Financial Wealth Advisors LLC raised its position in Home Bancorp by 1.5% during the second quarter. Summit Financial Wealth Advisors LLC now owns 21,933 shares of the bank’s stock valued at $1,136,000 after purchasing an additional 319 shares during the period. CWM LLC lifted its stake in shares of Home Bancorp by 31.1% in the 2nd quarter. CWM LLC now owns 1,713 shares of the bank’s stock valued at $89,000 after purchasing an additional 406 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Home Bancorp by 11.8% in the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock worth $258,000 after purchasing an additional 607 shares during the period. 49.41% of the stock is owned by hedge funds and other institutional investors.

About Home Bancorp

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.