Home Bancorp (NASDAQ:HBCP – Get Rating) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Friday.
HBCP has been the subject of a number of other research reports. Hovde Group started coverage on Home Bancorp in a research report on Friday, July 8th. They set an "outperform" rating and a $46.00 price objective for the company. DA Davidson raised Home Bancorp from a "neutral" rating to a "buy" rating and set a $44.50 price objective for the company in a research report on Wednesday, June 1st. They noted that the move was a valuation call. Finally, Piper Sandler lifted their price objective on Home Bancorp to $49.00 and gave the company an "outperform" rating in a research report on Wednesday, July 27th.
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Home Bancorp Stock Performance
HBCP opened at $37.90 on Friday. The firm has a market cap of $316.47 million, a PE ratio of 8.28 and a beta of 0.71. The business has a fifty day simple moving average of $38.48 and a 200-day simple moving average of $37.79. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.24. Home Bancorp has a fifty-two week low of $33.16 and a fifty-two week high of $45.73.
Home Bancorp (NASDAQ:HBCP – Get Rating) last issued its earnings results on Tuesday, July 26th. The bank reported $1.19 EPS for the quarter, topping the consensus estimate of $1.03 by $0.16. The business had revenue of $32.93 million during the quarter, compared to analysts' expectations of $31.75 million. Home Bancorp had a return on equity of 12.62% and a net
margin of 30.46%. As a group, equities analysts predict that Home Bancorp will post 4.39 EPS for the current fiscal year.
Insider Buying and Selling at Home Bancorp
In related news, Director Chris P. Rader bought 1,000 shares of the business's stock in a transaction on Wednesday, August 24th. The shares were bought at an average cost of $40.20 per share, for a total transaction of $40,200.00. Following the completion of the acquisition, the director now directly owns 14,109 shares in the company, valued at $567,181.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 7.00% of the company's stock.
Hedge Funds Weigh In On Home Bancorp
A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of Home Bancorp by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 321,890 shares of the bank's stock worth $13,130,000 after purchasing an additional 13,421 shares during the period. Renaissance Technologies LLC increased its stake in Home Bancorp by 4.9% during the first quarter. Renaissance Technologies LLC now owns 153,473 shares of the bank's stock valued at $6,260,000 after acquiring an additional 7,100 shares during the period. State Street Corp increased its stake in Home Bancorp by 6.3% during the first quarter. State Street Corp now owns 153,411 shares of the bank's stock valued at $6,258,000 after acquiring an additional 9,049 shares during the period. Maltese Capital Management LLC increased its stake in Home Bancorp by 10.2% during the second quarter. Maltese Capital Management LLC now owns 95,753 shares of the bank's stock valued at $3,268,000 after acquiring an additional 8,880 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Home Bancorp by 61.2% during the second quarter. Goldman Sachs Group Inc. now owns 67,151 shares of the bank's stock valued at $2,292,000 after acquiring an additional 25,482 shares during the period. 39.46% of the stock is currently owned by institutional investors.
Home Bancorp Company Profile
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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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