Home Bancorp (NASDAQ:HBCP) Coverage Initiated by Analysts at Piper Sandler

Equities research analysts at Piper Sandler began coverage on shares of Home Bancorp (NASDAQ:HBCP) in a report released on Friday. The brokerage set an “overweight” rating and a $60.00 price target on the bank’s stock. Piper Sandler’s price objective would suggest a potential upside of 23.15% from the stock’s previous close.

HBCP has been the subject of a number of other research reports. Hovde Group cut Home Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $53.00 to $54.50 in a report on Tuesday, November 12th. StockNews.com upgraded Home Bancorp from a “hold” rating to a “buy” rating in a research report on Monday.

Home Bancorp Stock Down 1.0 %

Shares of HBCP stock opened at $48.72 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s fifty day moving average price is $47.65 and its 200 day moving average price is $46.00. The company has a market cap of $393.66 million, a price-to-earnings ratio of 10.71 and a beta of 0.71. Home Bancorp has a 1-year low of $33.30 and a 1-year high of $52.77.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings results on Monday, January 27th. The bank reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.07. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same quarter in the prior year, the firm posted $1.17 EPS. On average, research analysts expect that Home Bancorp will post 4.78 earnings per share for the current fiscal year.

Institutional Trading of Home Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of Home Bancorp by 287.9% during the third quarter. Barclays PLC now owns 9,142 shares of the bank’s stock worth $407,000 after purchasing an additional 6,785 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Home Bancorp by 136.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,668 shares of the bank’s stock valued at $654,000 after acquiring an additional 8,459 shares during the period. Montz Harcus Wealth Management LLC acquired a new stake in shares of Home Bancorp during the 3rd quarter valued at approximately $1,598,000. BNP Paribas Financial Markets lifted its position in shares of Home Bancorp by 73.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after acquiring an additional 1,009 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Home Bancorp by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 162,727 shares of the bank’s stock worth $7,256,000 after purchasing an additional 1,874 shares during the last quarter. 49.41% of the stock is currently owned by institutional investors and hedge funds.

About Home Bancorp

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana, Mississippi, and Texas. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.