Home Bancorp (NASDAQ:HBCP – Get Rating) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Wednesday.
A number of other analysts have also weighed in on HBCP. DA Davidson raised Home Bancorp from a "neutral" rating to a "buy" rating and set a $44.50 price objective on the stock in a research report on Wednesday, June 1st. They noted that the move was a valuation call. Hovde Group started coverage on Home Bancorp in a report on Friday, July 8th. They issued an "outperform" rating and a $46.00 target price on the stock. Finally, Piper Sandler increased their target price on Home Bancorp to $49.00 and gave the company an "outperform" rating in a report on Wednesday, July 27th.
Get Home Bancorp alerts:Home Bancorp Stock Down 1.8 %
Shares of Home Bancorp stock traded down $0.75 during trading hours on Wednesday, reaching $40.07. 10,168 shares of the company were exchanged, compared to its average volume of 15,747. Home Bancorp has a 1 year low of $33.16 and a 1 year high of $45.73. The stock's fifty day moving average is $37.45 and its 200 day moving average is $37.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $334.46 million, a PE ratio of 8.75 and a beta of 0.74.
Home Bancorp (NASDAQ:HBCP – Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The bank reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $31.75 million. As a group, equities research analysts forecast that Home Bancorp will post 4.39 earnings per share for the current year.Institutional Investors Weigh In On Home Bancorp
Several hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its stake in shares of Home Bancorp by 61.2% during the second quarter. Goldman Sachs Group Inc. now owns 67,151 shares of the bank's stock worth $2,292,000 after buying an additional 25,482 shares during the period. Maltese Capital Management LLC boosted its stake in shares of Home Bancorp by 10.2% during the second quarter. Maltese Capital Management LLC now owns 95,753 shares of the bank's stock worth $3,268,000 after buying an additional 8,880 shares during the period. Rhumbline Advisers boosted its stake in shares of Home Bancorp by 3.9% during the second quarter. Rhumbline Advisers now owns 10,595 shares of the bank's stock worth $362,000 after buying an additional 396 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Home Bancorp during the second quarter worth about $109,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Home Bancorp by 7.9% during the second quarter. Russell Investments Group Ltd. now owns 34,379 shares of the bank's stock worth $1,171,000 after buying an additional 2,514 shares during the period. Institutional investors and hedge funds own 47.43% of the company's stock.
About Home Bancorp
(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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