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

Home Bancorp, Inc. (NASDAQ:HBCP) has been assigned a consensus recommendation of “Buy” from the five analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $63.00.

HBCP has been the topic of several research analyst reports. Hovde Group boosted their price target on shares of Home Bancorp from $61.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Zacks Research raised Home Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Home Bancorp in a report on Monday, December 29th.

Home Bancorp Stock Down 2.2%

Shares of HBCP opened at $58.63 on Monday. Home Bancorp has a 12-month low of $39.59 and a 12-month high of $64.17. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $459.07 million, a PE ratio of 9.99 and a beta of 0.58. The business’s 50 day moving average is $60.26 and its 200 day moving average is $57.20.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Monday, January 26th. The bank reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. Home Bancorp had a net margin of 22.01% and a return on equity of 11.19%. The business had revenue of $38.05 million during the quarter, compared to analyst estimates of $33.73 million. Research analysts expect that Home Bancorp will post 4.78 earnings per share 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 issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.1%. Home Bancorp’s dividend payout ratio (DPR) is 21.12%.

Insiders Place Their Bets

In other Home Bancorp news, Director Chris P. Rader purchased 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average price of $59.50 per share, with a total value of $29,750.00. Following the completion of the purchase, the director directly owned 17,714 shares in the company, valued at $1,053,983. This trade represents a 2.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 7.90% of the company’s stock.

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. Hillsdale Investment Management Inc. bought a new stake in shares of Home Bancorp in the 2nd quarter worth about $3,676,000. Hotchkis & Wiley Capital Management LLC grew its position in Home Bancorp by 64.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock worth $6,468,000 after acquiring an additional 46,546 shares in the last quarter. Marshall Wace LLP grew its position in Home Bancorp by 636.7% in the second quarter. Marshall Wace LLP now owns 42,027 shares of the bank’s stock worth $2,176,000 after acquiring an additional 36,322 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Home Bancorp by 668.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 38,040 shares of the bank’s stock worth $1,970,000 after acquiring an additional 33,090 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Home Bancorp by 41.4% during the fourth quarter. AQR Capital Management LLC now owns 103,243 shares of the bank’s stock valued at $5,967,000 after purchasing an additional 30,224 shares during the period. 49.41% of the stock is owned by hedge funds and other institutional investors.

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.