Home Bancorp, Inc. (HBCP) Lifted to “Strong-Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Home Bancorp, Inc. (NASDAQ:HBCP) from a hold rating to a strong-buy rating in a research note released on Wednesday morning. Zacks Investment Research currently has $48.00 price target on the bank’s stock.
According to Zacks, “HOME BANCORP, INC. is a holding company for Home Bank. Home Bancorp has not commenced operations and has no assets. Home Bank is a federally chartered mutual savings bank. Home Bank is a community oriented savings bank offering a range of deposit and loan products, primarily to individuals, families and small to mid-sized businesses located in its market area as well as contiguous markets in south central Louisiana. “
Several other research firms have also recently weighed in on HBCP. Raymond James Financial, Inc. cut shares of Home Bancorp from an outperform rating to a market perform rating in a report on Wednesday, July 26th. UBS AG cut shares of Home Bancorp from an outperform rating to a market perform rating in a report on Wednesday, July 26th. Finally, BidaskClub cut shares of Home Bancorp from a buy rating to a hold rating in a report on Wednesday, July 19th.
Shares of Home Bancorp (NASDAQ HBCP) traded down 1.09% during trading on Wednesday, hitting $41.82. The stock had a trading volume of 16,983 shares. The company has a market cap of $309.55 million, a PE ratio of 16.60 and a beta of 0.12. The firm’s 50 day moving average is $40.22 and its 200 day moving average is $37.97. Home Bancorp has a 1-year low of $27.00 and a 1-year high of $47.20.
Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.04. The firm had revenue of $18.06 million for the quarter, compared to analysts’ expectations of $18.32 million. Home Bancorp had a net margin of 23.05% and a return on equity of 9.95%. Equities research analysts anticipate that Home Bancorp will post $2.57 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. increased its stake in Home Bancorp by 6.7% in the first quarter. American International Group Inc. now owns 3,527 shares of the bank’s stock valued at $119,000 after acquiring an additional 220 shares during the last quarter. Wells Fargo & Company MN increased its stake in Home Bancorp by 3.1% in the second quarter. Wells Fargo & Company MN now owns 4,438 shares of the bank’s stock valued at $189,000 after acquiring an additional 133 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Home Bancorp by 105.4% in the second quarter. Russell Investments Group Ltd. now owns 4,930 shares of the bank’s stock valued at $210,000 after acquiring an additional 2,530 shares during the last quarter. Green Square Capital LLC bought a new position in Home Bancorp in the second quarter valued at $228,000. Finally, Beese Fulmer Investment Management Inc. bought a new position in Home Bancorp in the second quarter valued at $235,000. 42.96% of the stock is currently owned by institutional investors and hedge funds.
Home Bancorp Company Profile
Home Bancorp, Inc is a bank holding company for Home Bank, N.A. (the Bank). The Bank conducts business through banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi.
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