StockNews.com upgraded shares of Home Bancorp (NASDAQ:HBCP – Get Rating) from a hold rating to a buy rating in a research report sent to investors on Wednesday.
A number of other research firms have also recently commented on HBCP. Piper Sandler raised their target price on shares of Home Bancorp to $49.00 and gave the stock an outperform rating in a research note on Wednesday, July 27th. DA Davidson raised shares of Home Bancorp from a neutral rating to a buy rating and set a $44.50 target price for the company in a report on Wednesday, June 1st. They noted that the move was a valuation call. Finally, Hovde Group started coverage on Home Bancorp in a report on Friday, July 8th. They set an outperform rating and a $46.00 price target on the stock.
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Home Bancorp Trading Down 2.2 %
Shares of Home Bancorp stock opened at $40.20 on Wednesday. Home Bancorp has a 1-year low of $33.16 and a 1-year high of $45.73. The company's fifty day simple moving average is $37.71 and its 200-day simple moving average is $37.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $335.55 million, a PE ratio of 8.78 and a beta of 0.74.
Home Bancorp (NASDAQ:HBCP – Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The bank reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.16. Home Bancorp had a return on equity of 12.62% and a net
margin of 30.46%. The business had revenue of $32.93 million during the quarter, compared to analyst estimates of $31.75 million. As a group, equities analysts anticipate that Home Bancorp will post 4.39 earnings per share for the current year.
Home Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Monday, August 8th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, August 5th. Home Bancorp's dividend payout ratio (DPR) is presently 20.09%.
Insider Activity at Home Bancorp
In other Home Bancorp news, Director Chris P. Rader bought 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 24th. The shares were bought at an average price of $40.20 per share, with a total value of $40,200.00. Following the purchase, the director now owns 14,109 shares of the company's stock, valued at $567,181.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is owned by corporate insiders.
Institutional Trading of Home Bancorp
Large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its stake in Home Bancorp by 70.7% in the 4th quarter. Lazard Asset Management LLC now owns 780 shares of the bank's stock worth $32,000 after acquiring an additional 323 shares during the last quarter. Amalgamated Bank bought a new position in shares of Home Bancorp during the 1st quarter valued at approximately $37,000. SG Americas Securities LLC bought a new position in shares of Home Bancorp during the 2nd quarter valued at approximately $109,000. BNP Paribas Arbitrage SA increased its position in shares of Home Bancorp by 65.2% during the 4th quarter. BNP Paribas Arbitrage SA now owns 3,517 shares of the bank's stock valued at $146,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Prospera Financial Services Inc bought a new position in shares of Home Bancorp during the 1st quarter valued at approximately $153,000. Institutional investors own 47.43% of the company's stock.
Home Bancorp Company Profile
(Get Rating)
Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana and Mississippi. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.
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