Home Bancorp, Inc. (NASDAQ:HBCP) Given Average Rating of “Buy” by Brokerages

Shares of Home Bancorp, Inc. (NASDAQ:HBCP) have earned a consensus rating of “Buy” from the five brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $63.00.

Several research firms recently commented on HBCP. Hovde Group increased their target price on Home Bancorp from $61.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, January 29th. Zacks Research raised Home Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Bancorp in a research report on Monday, December 29th.

Insider Transactions at Home Bancorp

In other Home Bancorp news, Director Chris P. Rader purchased 500 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average cost of $59.50 per share, with a total value of $29,750.00. Following the completion of the acquisition, the director directly owned 17,714 shares of the company’s stock, valued at $1,053,983. This trade represents a 2.90% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.90% of the stock is owned by company insiders.

Institutional Trading of Home Bancorp

Several institutional investors have recently modified their holdings of the stock. Invesco Ltd. boosted its holdings in shares of Home Bancorp by 22.6% in the 4th quarter. Invesco Ltd. now owns 8,606 shares of the bank’s stock valued at $497,000 after buying an additional 1,588 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Home Bancorp during the 4th quarter worth $208,000. NewEdge Advisors LLC raised its stake in Home Bancorp by 0.4% during the 4th quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock worth $6,144,000 after acquiring an additional 382 shares in the last quarter. Empowered Funds LLC lifted its position in Home Bancorp by 10.5% in the fourth quarter. Empowered Funds LLC now owns 45,990 shares of the bank’s stock valued at $2,658,000 after acquiring an additional 4,375 shares during the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in Home Bancorp in the fourth quarter valued at $202,000. Hedge funds and other institutional investors own 49.41% of the company’s stock.

Home Bancorp Trading Down 2.2%

NASDAQ HBCP opened at $58.63 on Monday. Home Bancorp has a 52 week low of $39.59 and a 52 week high of $64.17. The firm has a 50 day moving average of $60.26 and a two-hundred day moving average of $57.26. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $459.07 million, a PE ratio of 9.99 and a beta of 0.58.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Monday, January 26th. The bank reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. The business had revenue of $38.05 million for the quarter, compared to analyst estimates of $33.73 million. Home Bancorp had a net margin of 22.01% and a return on equity of 11.19%. As a group, research analysts expect that Home Bancorp will post 4.78 EPS for the current fiscal year.

Home Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Monday, February 9th were paid a dividend of $0.31 per share. The ex-dividend date was Monday, February 9th. This represents a $1.24 annualized dividend and a yield of 2.1%. Home Bancorp’s payout ratio is presently 21.12%.

Home Bancorp Company Profile

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.