Home Bancorp (NASDAQ:HBCP) Lifted to Outperform at Raymond James

Raymond James upgraded shares of Home Bancorp (NASDAQ:HBCP) from a market perform rating to an outperform rating in a research note released on Monday morning, Marketbeat.com reports. Raymond James currently has $50.00 price objective on the bank’s stock.

Separately, Hovde Group raised their price target on shares of Home Bancorp from $45.00 to $48.50 and gave the stock an “outperform” rating in a report on Friday, July 19th.

Home Bancorp Trading Down 0.1 %

NASDAQ HBCP opened at $46.47 on Monday. The company has a fifty day simple moving average of $43.12 and a two-hundred day simple moving average of $39.91. The stock has a market cap of $377.71 million, a P/E ratio of 9.80 and a beta of 0.69. Home Bancorp has a 12-month low of $33.00 and a 12-month high of $48.96. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.25.

Home Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, October 28th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Monday, October 28th. This is a boost from Home Bancorp’s previous quarterly dividend of $0.25. Home Bancorp’s dividend payout ratio (DPR) is 21.94%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HBCP. BNP Paribas Financial Markets raised its holdings in shares of Home Bancorp by 531.8% during the first quarter. BNP Paribas Financial Markets now owns 12,289 shares of the bank’s stock worth $471,000 after purchasing an additional 10,344 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Home Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 26,509 shares of the bank’s stock worth $1,016,000 after purchasing an additional 1,925 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Home Bancorp by 0.9% during the first quarter. Vanguard Group Inc. now owns 365,043 shares of the bank’s stock worth $13,985,000 after purchasing an additional 3,414 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Home Bancorp by 29.3% during the first quarter. Kennedy Capital Management LLC now owns 22,832 shares of the bank’s stock worth $875,000 after purchasing an additional 5,177 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Home Bancorp by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock worth $1,438,000 after purchasing an additional 2,672 shares during the last quarter. Hedge funds and other institutional investors own 49.41% of the company’s stock.

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.