Home Bancorp, Inc. (NASDAQ:HBCP) Raised to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Home Bancorp, Inc. (NASDAQ:HBCP) from a hold rating to a buy rating in a report published on Thursday. They currently have $46.00 price objective 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. “
HBCP has been the topic of several other research reports. BidaskClub lowered shares of Home Bancorp from a buy rating to a hold rating in a research note on Wednesday, July 19th. Raymond James Financial, Inc. lowered shares of Home Bancorp from an outperform rating to a market perform rating in a research note on Wednesday, July 26th. Finally, UBS AG lowered shares of Home Bancorp from an outperform rating to a market perform rating in a research note on Wednesday, July 26th.
Home Bancorp (HBCP) traded up 0.82% during midday trading on Thursday, hitting $40.52. 11,143 shares of the stock were exchanged. The firm has a market capitalization of $299.89 million, a price-to-earnings ratio of 16.08 and a beta of 0.12. Home Bancorp has a one year low of $27.00 and a one year high of $47.20. The company has a 50 day moving average price of $41.42 and a 200 day moving average price of $36.85.
Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings data 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. Home Bancorp had a net margin of 23.05% and a return on equity of 10.06%. The business had revenue of $18.06 million for the quarter, compared to analyst estimates of $18.32 million. Equities analysts anticipate that Home Bancorp will post $2.55 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.56 annualized dividend and a yield of 1.39%. Home Bancorp’s dividend payout ratio (DPR) is currently 22.22%.
A number of hedge funds have recently made changes to their positions in the company. American International Group Inc. increased its stake in shares of 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 buying an additional 220 shares during the period. Strs Ohio increased its stake in shares of Home Bancorp by 6.1% in the second quarter. Strs Ohio now owns 10,400 shares of the bank’s stock valued at $442,000 after buying an additional 600 shares during the period. Teachers Advisors LLC increased its stake in shares of Home Bancorp by 7.0% in the fourth quarter. Teachers Advisors LLC now owns 9,871 shares of the bank’s stock valued at $381,000 after buying an additional 650 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Home Bancorp by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 29,101 shares of the bank’s stock valued at $982,000 after buying an additional 889 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Home Bancorp by 11.8% in the first quarter. Acadian Asset Management LLC now owns 16,639 shares of the bank’s stock valued at $561,000 after buying an additional 1,761 shares during the period. Hedge funds and other institutional investors own 79.11% of the company’s stock.
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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