Home Bancorp (NASDAQ:HBCP) Upgraded at StockNews.com

StockNews.com upgraded shares of Home Bancorp (NASDAQ:HBCP) from a hold rating to a buy rating in a research report report published on Wednesday.

Several other research analysts have also commented on the company. Piper Sandler began coverage on Home Bancorp in a research report on Friday, February 21st. They set an “overweight” rating and a $60.00 price target for the company. Hovde Group lowered Home Bancorp from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $53.00 to $54.50 in a research report on Tuesday, November 12th.

Home Bancorp Price Performance

Home Bancorp stock opened at $45.35 on Wednesday. The company’s 50 day simple moving average is $47.54 and its 200-day simple moving average is $46.51. The company has a market capitalization of $366.25 million, a price-to-earnings ratio of 9.97 and a beta of 0.72. Home Bancorp has a 1 year low of $33.30 and a 1 year high of $52.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.21 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the business earned $1.17 EPS. As a group, equities research analysts expect that Home Bancorp will post 4.78 earnings per share for the current year.

Home Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were issued a $0.27 dividend. The ex-dividend date was Monday, February 10th. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 2.38%. Home Bancorp’s dividend payout ratio (DPR) is 23.74%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Picton Mahoney Asset Management boosted its holdings in Home Bancorp by 100.7% in the fourth quarter. Picton Mahoney Asset Management now owns 590 shares of the bank’s stock valued at $27,000 after purchasing an additional 296 shares during the period. Two Sigma Advisers LP boosted its holdings in Home Bancorp by 3.6% in the fourth quarter. Two Sigma Advisers LP now owns 8,700 shares of the bank’s stock valued at $402,000 after purchasing an additional 300 shares during the period. Martingale Asset Management L P boosted its holdings in Home Bancorp by 2.9% in the third quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock valued at $632,000 after purchasing an additional 400 shares during the period. Nuveen Asset Management LLC boosted its holdings in Home Bancorp by 2.4% in the fourth quarter. Nuveen Asset Management LLC now owns 18,187 shares of the bank’s stock valued at $840,000 after purchasing an additional 418 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Home Bancorp by 27.2% in the fourth quarter. SG Americas Securities LLC now owns 3,125 shares of the bank’s stock valued at $144,000 after purchasing an additional 668 shares during the period. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

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.