StockNews.com upgraded shares of Home Bancorp (NASDAQ:HBCP – Get Rating) from a hold rating to a buy rating in a research report released on Wednesday morning.
Other analysts have also issued reports about the company. Hovde Group initiated coverage on Home Bancorp in a report on Friday, July 8th. They set an outperform rating and a $46.00 target price on the stock. 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 report on Wednesday, June 1st. They noted that the move was a valuation call. Finally, Piper Sandler raised their price objective 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 0.2 %
Home Bancorp stock opened at $38.75 on Wednesday. The firm has a market cap of $323.45 million, a price-to-earnings ratio of 8.46 and a beta of 0.71. Home Bancorp has a 52 week low of $33.16 and a 52 week high of $45.73. The business's 50-day moving average price is $39.04 and its 200 day moving average price is $37.74. 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 (NASDAQ:HBCP – Get Rating) last posted 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 firm had revenue of $32.93 million for the quarter, compared to analyst estimates of $31.75 million. Home Bancorp had a return on equity of 12.62% and a net margin of 30.46%. As a group, sell-side analysts anticipate that Home Bancorp will post 4.39 earnings per share for the current year.Home Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Monday, August 8th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Friday, August 5th. Home Bancorp's payout ratio is currently 20.09%.
Insider Activity
In other news, Director Chris P. Rader bought 1,000 shares of the firm's stock in a transaction dated Wednesday, August 24th. The shares were acquired at an average price of $40.20 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now directly owns 14,109 shares in the company, valued at approximately $567,181.80. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 7.00% of the company's stock.
Hedge Funds Weigh In On Home Bancorp
Several hedge funds and other institutional investors have recently made changes to their positions in HBCP. Goldman Sachs Group Inc. lifted its position in shares of Home Bancorp by 61.2% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its position 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 valued at $13,130,000 after acquiring an additional 13,421 shares in the last quarter. State Street Corp lifted its position in shares of Home Bancorp by 6.3% in 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 in the last quarter. Maltese Capital Management LLC lifted its position in 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 in the last quarter. Finally, Acadian Asset Management LLC lifted its position in Home Bancorp by 20.6% during the first quarter. Acadian Asset Management LLC now owns 50,142 shares of the bank's stock worth $2,044,000 after buying an additional 8,561 shares in the last quarter. Hedge funds and other institutional investors own 39.46% of the company's stock.
About Home Bancorp
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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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